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.

 

Link: tech.eu




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