The amount of the deal remained undisclosed.
Founded in 2007 by Fabrice Marion, XOR Motors designs innovating electric scooters, developing and implementing advanced solutions in areas including aluminum frames and new materials, advanced motor systems, electronic solutions.
The company’s e-scooters have the following specs:
– speed (120 km/h),
– autonomy (75-130 km depending on speed) and
– fast charging (1h30m).
XOR Motors is located close to Aix-en-Provence in France.
Newfund is a Paris-based €72m investment fund dedicated to supporting high-growth companies.