Apr 3, 2020 - 03:13 pm

E-scooter maker Kumpan Electric gets €3M for expansion

InnoEnergy is investing around three million euros in e-bility, the manufacturer behind the German electric scooter brand Kumpan Electric. The goals of the cooperation are the further development of e-bility’s product and service range and faster market launch in other European countries.

Through the partnership with EIT InnoEnergy, an EU-funded innovation institute based in Berlin, e-bility gains access to its partner ecosystem and other extensive resources – from technology development to market launch support and the financial resources mentioned above.

Planned features include smart sharing, location and payment options as well as scooter leasing and predictive maintenance functions, according to the press release. The partners also name it a “key project” to increase the product range with new stronger versions of the Kumpan e-scooter. These will include models with 4 kW and 70 kph and 7 kW and 100 kph versions.

Moreover, e-bility and InnoEnergy want to further Kumpan’s exchangeable battery system. They call the power pack a “plug and play solution, controlled by AI software”, and Kumpan expects it “bearing the potential to be applied in a wealth of different products from power tools to lawnmowers”. Christian Müller, CEO for InnoEnergy Germany, added his belief that the technology in the battery could become a “de-facto standard for the sustainable design of all sorts of products”.

In terms of actual expansion, Germany will remain a key market. Still, with the help of EIT InnoEnergy, the company expects it will also accelerate development into new markets across Europe including Spain, France, Benelux, Sweden, Switzerland and Austria.

Patrik Tykesson, Founder & CMO of e-bility also pointed to benefits for B2C and B2B markets in “e-mobility, energy storage and beyond” coming through this partnership.

The latest funding follows an earlier round in December last year when E-Bility received an investment in the lower two-digit million range as reported. While not all investors were disclosed at the time, Northvolt CEO Peter Carlsson had taken to the floor showing his support for the e-scooter maker openly.



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Found on electrive.com
03.04.2020 15:49