Odin launches StreetScooter production under new management
Three weeks after the takeover of StreetScooter Engineering GmbH, Odin Automotive has now announced the official start of production of the first StreetScooter vehicles under the new management. They will be manufactured on the existing production line in Düren and delivered to the former owner Deutsche Post DHL Group.
At the same time as the acquisition was announced, DPDHL placed an order for 3,500 StreetScooter vehicles. The company had sold its e-car subsidiary to the Luxembourg-based holding company in January, transferring the rights and production know-how of the Post, including its subsidiaries in Switzerland and Japan, to the new owner.
In January, it was only stated that the Post would remain a minority shareholder in Odin. No further details were given at the time. The current Odin press release now makes it clear: Swiss Post retained a ten per cent share. Overseeing the establishment and reorganisation of the manufacturing operations under the new ownership was John Burton, EVP of Operations at Odin. The Düren plant has production capacity for up to 30,000 vehicles per year.
Deutsche Post had been looking for a buyer for StreetScooter for several years, but even negotiations around the turn of the year 2019/2020, some of which were serious and far advanced, did not bring a conclusion. For this reason, production was to be discontinued in 2020, but this was later postponed to the end of 2022.
Then, in October 2021, the interest of Odin Automotive, a company founded in September, became known for the first time. Odin is headed by Stefan Krause.