Next.e.GO Mobile SE Closes €30M Series B Funding

The limited edition e.GO Life NEXT

Next.e.GO Mobile SE, an Aachen, Germany-based Electric Vehicle (EV) manufacturer, raised €30m in Series B funding.

Backers included Industrial Investments B.V., Moore Strategic Ventures; John Snow, Alejandro Agag, and Edward Norton.

The company will use the funds to start production in its German factory.

Led by Professor Günther Schuh, founder and Chairman of the Administrative Board, Next.e.GO Mobile SE is developing an electric four-seater passenger car, e.GO Life. The production of the e.GO Life at Plant 1 in Aachen, Germany, is scheduled for June 2021. In parallel, the company is working closely with suppliers of electronics and plastic components to progress on all fronts. Employees will be gradually brought out of short-time working. Production will initially focus on a special limited edition e.GO Life NEXT. Only available to the first 1,000 customers, the limited edition is priced at € 22.990 including VAT, after manufacturer’s environmental bonus.

The special edition e.GO Life NEXT will be delivered to customers as early as July 2021 onwards.