# Next.e.GO Mobile SE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/next-e-go-mobile-se

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Aachen, Germany
- Website: www.e-go-mobile.com
- Total disclosed funding: $94M
- Latest round: Series C (Aug 26, 2021)
- Investors on record: 2

## About

Based in Aachen, Germany, Next.e.GO Mobile SE specializes in electric vehicle manufacturing, focusing on innovative and sustainable mobility solutions for urban transport.Next.e.GO Mobile SE, founded in 2015 in Aachen, Germany, develops electric vehicles aimed at urban mobility. The company has secured a total of USD 49.00 mn in funding over 4 deals, with the latest round being Venture Debt, raising USD 75.00 mn on July 7, 2023, from Western Asset Management. The company operates independently and has not undergone any notable pivots.Next.e.GO Mobile SE primarily offers electric vehicles designed for urban environments, emphasizing sustainability and efficiency. Their products cater to various customer needs, including personal and fleet applications, enhancing urban transportation systems while contributing to lower emissions.The revenue model is based on vehicle sales, with income generated from the sale of electric cars. The company aims to provide accessible pricing structures to encourage adoption among urban dwellers, ensuring a seamless purchasing experience that promotes sustainable transportation.Next.e.GO Mobile SE plans to enhance its product lineup with new electric vehicle models targeting urban markets. The company aims to expand into additional European cities by the end of 2024. The recent funding of USD 75.00 mn will be utilized to support product enhancement and development, aligning with their strategic growth objectives.

## Funding rounds

- Series C, Aug 26, 2021, $57M — ND Industrial Investments
- Series B, Feb 25, 2021, $36M — Moore Strategic Ventures, ND Industrial Investments

## Investors

- Moore Strategic Ventures (https://capitalatlas.ai/funds/moore-strategic-ventures) — Series B
- ND Industrial Investments (https://capitalatlas.ai/funds/nd-industrial-investments) — Series B, Series C