tech.eu: German electric car manufacturer e.GO Mobile gets €30 million to start production
German electric vehicle manufacturer e.GO Mobile has received over €30 million in Series B funding in a round conducted by nd Industrial Investments, the company’s majority shareholder.
The fresh capital will kickstart production of the e.GO Life, a four-seater passenger car, at the company’s facility in Aachen this June. The limited edition vehicle is only available to the first 1,000 customers and is priced under €23,000 (including VAT!).
The company says its production process uses an Industry 4.0 approach, with complete digital integration of all devices, which enables efficient manufacturing, even for small vehicle volumes.