# Enway

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/enway

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.enway.ai
- Total disclosed funding: $6.6M
- Latest round: Seed (Nov 12, 2019)
- Investors on record: 5

## About

Enway GmbH develops autonomous street sweepers that leverage electric vehicle technology to enhance urban cleanliness through efficient driverless operations, catering to municipalities and private sectors.Founded in 2017 and headquartered in Berlin, Germany, Enway GmbH specializes in autonomous cleaning solutions. The company has undergone a notable shift in its business operations with the acquisition by Bucher Municipal AG in September 2022, enhancing its digital product offerings. Bo Chen, the founder, previously founded other ventures in the technology sector. Enway has successfully raised a total of EUR 6.000 mn, with the latest round being a Seed round led by Redalpine, amongst other investors.Enway GmbH specializes in autonomous street sweepers powered by fully electric vehicles, specifically the Bucher CityCat V20 e model. These vehicles address the need for sustainable urban cleanliness through driverless operations, serving city governments, municipalities, and private companies across Europe, North America, and selected regions in Asia-Pacific. Their offerings include direct sales of autonomous sweepers alongside service agreements for maintenance, operator training, software updates, and parts replacement to ensure optimal fleet performance.In the most recent year, Enway GmbH reported a revenue of EUR 776,228,266.70, with an EBITDA of EUR 74,714,341.70 for 2022.Enway GmbH plans to leverage the recent acquisition by Bucher Municipal AG to expand its product line and enhance its market presence. The company aims to develop new product features for its sweepers and explore entry into new geographic markets beyond its existing base, although specific target regions and timelines have not been disclosed. The funding secured during the Seed round will support these initiatives, contributing to the expansion of their autonomous vehicle capabilities.

## Funding rounds

- Seed, Nov 12, 2019, $6.6M — Redalpine, Berlin Technologie Holding, Atlantic Labs, b10 vc, Karman Ventures
- Seed, Aug 15, 2017 — Atlantic Labs, b10 vc

## Investors

- Atlantic Labs (https://capitalatlas.ai/funds/atlantic-labs) — Seed
- b10 vc (https://capitalatlas.ai/funds/b10-vc) — Seed
- Redalpine (https://capitalatlas.ai/funds/redalpine) — Seed
- Berlin Technologie Holding (https://capitalatlas.ai/funds/berlin-technologie-holding) — Seed
- Karman Ventures (https://capitalatlas.ai/funds/karman-ventures) — Seed