Summary
Insights
This section hypothesizes why Evum Motors can be a $10 billion dollar company in 10 years, in 10 lines or less.
Evum Motors, based in Munich, holds strong potential with its focus on sustainable electric utility vehicles targeting the B2B market. The company can tap into the rising demand for environmentally friendly transportation solutions. Compared to traditional fossil-fuel-powered vehicles, Evum's electric options offer reduced environmental impact, lower operational costs, and protection against potential regulatory emissions penalties. Supported by investors like EIC Accelerator, Jolt Capital, and Bayern Kapital, Evum Motors' emphasis on green technology and cost efficiency aligns with global sustainability trends, providing a competitive edge in the manufacturing and transportation sectors.
Total funding Amount
Fundraising History
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Dec 19 '23 Series B$22M
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Sep 19 '22 Series B$11M
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Sep 01 '22 Unknown$19M
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Sep 01 '20 Series A$14M
Investors
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Series B
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Series A
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Series B