Clean Mobile AG, an Unterhaching (Munich area), Germany-based producer electric drive trains for light electric vehicles such as E-Bikes, E-Scooters, and cargo vehicles, completed a €6.6m financing from a consortium of venture investors.
Participants in the round include Venture funds Capital-E from Belgium and Emertec Gestion from France. They are joining the existing syndicate of Earlybird, High Tech Gründerfonds and Silicon Valley Technology Group.
The new funding round is intended to finance the company´s further growth.
Clean Mobile has developed proprietary and patented technologies around the entire drive train, including highest efficiency battery management, optimized electrical drives and integrated vehicle management systems. The company sells its drive systems through leading vehicle manufacturers into its key cargo and consumer markets.
After product development and first field tests in 2008 and early 2009, the company has started to commercialize its products in the second half of 2009 and is now working with over a dozen leading vehicle brands.