Last deal

$22M
Local Amount - EUR 20M

Amount

Series B

Stage

19.12.2023

Date

4

all rounds

$59.3M

Total amount

General

About Company
EVUM Motors manufactures electric utility vehicles.

Industry

Sector :

Subsector :

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founded date

01.01.2017

Number of employees

Last funding type

Series B

IPO status

Private

Description

The company produces the aCar, a compact all-electric commercial vehicle with all-wheel drive that is low-maintenance, durable, and robust. The aCar contributes to a positive CO2 balance as a fleet and offers a more economical solution in terms of total costs. It is suitable for natural habitats and serves as a power source with an external socket that allows the operation of any electrical devices with up to 3 kW continuous power. The aCar has a loading capacity of 1,000 kg payload or 1,000 kg trailer load (braked) and is ideal for logistical needs both indoors and outdoors. EVUM Motors is a spin-off of a research project at the Technical University of Munich, and the industrialisation of the project is now the company's heartfelt mission.
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