coModule, a Berlin, Germany-based mobility company, raised €500K in seed funding.
High-Tech Gruenderfonds made the investment.
The company intends to use the funds to accelerate growth, implement the technology and begin the market entry.
Founded in 2014 by Welix Klaas and CEO Kristjan Maruste, coModule has developed a hardware and software platform for Light Electric Vehicles (LEVs). The hardware monitors vehicle and environmental metrics and sends the data directly to the end user’s smartphone. The mobile app then visualises the available range, helping to eliminate range anxiety. Data on the vehicle is also sent to the manufacturer of the LEV who can then make better product development decisions and utilize the direct communication with the end user.
The company has more than 10 engineers with HQ in Berlin and development office in Tallinn, Estonia.