Zehus Raises €1.5M in Funding

ZehusZehus, a Milan, Italy-based urban e-mobility startup, raised a €1.5m in funding.

Backers included existing investor Invitalia Ventures SGR, which made a further commitment to the company bringing the total amount invested to €1M,  an unnamed Italian company active in the automotive industry, which committed €750k, and new shareholder Havel Srl.

The company intends to use the funds to advance its solutions.

Founded in 2013 as a spin-off of the Department of Electronics of the Politecnico of Milan, Zehus aims to bring innovation into the urban mobility sector through the development of sustainable solutions and – in particular – of its patented BIKE+ technology, a mobility block that powers hybrid (human-electric) e-bikes that do not need to be recharged and that optimize the riders’ efficiency reducing their fatigue by up to 40%.

With this latest round, the company has raised nearly €3m in equity funding to be added to a €2.4m Horizon 2020 grant assigned from the European Commission.

FinSMEs

10/03/2017

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