# EVUM Motors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/evum-motors

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Munich, Germany
- Website: www.evum-motors.com
- Total disclosed funding: $36M
- Latest round: Series B (Jun 26, 2024)
- Investors on record: 7

## About

Based in Germany, EVUM Motors GmbH designs and manufactures electric utility vehicles tailored for diverse applications, promoting sustainable mobility solutions through innovation and efficiency.Founded in 2017, EVUM Motors GmbH specializes in creating electric utility vehicles. The company is headquartered in Munich, Germany. Founders Martin Šoltés and Sascha Koberstaedt have a vision to cater to various industry needs with robust electric solutions. In June 2024, the company secured EUR 20 million in Series B funding led by Jolt Capital, involving other investors like Bayern Kapital and Glatthaar Holding GmbH. This funding round marked a significant milestone, bringing the total amount raised to EUR 20 million, with a current valuation of EUR 31.452 mn.EVUM Motors specializes in designing and manufacturing electric utility vehicles, with their flagship product, the Evum, engineered for robustness and versatility across various applications such as agricultural transport, construction logistics, and municipal services. The Evum features all-wheel drive, flexible charging options, and a 48-volt electrical system, catering to the growing demand for eco-friendly transport solutions targeted at businesses and municipalities throughout Europe.EVUM Motors generates revenue through direct sales of the Evum electric utility vehicle, targeting both business-to-business and direct-to-consumer markets. Their revenue model includes partnerships with retailers and wholesalers, facilitating bulk purchases by businesses and sales to individual consumers based on vehicle specifications. The most recent EBITDA amount reported for 2021 was EUR -10,180,200.2.Following the recent Series B funding of EUR 20 million raised in June 2024, EVUM Motors aims to enhance its product and technology roadmap, increase production capacities, and expand its geographic footprint in Germany and Europe. The funding will support the development of new products and the exploration of additional markets, with a focus on sustainable mobility initiatives.

## Funding rounds

- Series B, Jun 26, 2024, $21M — Bayern Kapital, Jolt Capital, Glatthaar Group, Milos V GmbH, VENTIS
- Series A, Sep 23, 2020, $14M — Bayern Kapital, Glatthaar Group, Otto Spanner GmbH, Schabmüller Automobiltechnik GmbH, VENTIS

## Investors

- Bayern Kapital (https://capitalatlas.ai/funds/bayern-kapital) — Series A, Series B
- Glatthaar Group — Series A, Series B
- Otto Spanner GmbH — Series A
- Schabmüller Automobiltechnik GmbH — Series A
- VENTIS (https://capitalatlas.ai/funds/ventis) — Series A, Series B
- Jolt Capital (https://capitalatlas.ai/funds/jolt-capital) — Series B
- Milos V GmbH — Series B