About EVUM Motors
EVUM Motors is a company based in Munchen (Germany) founded in 2017 by Martin Soltes and Sascha Koberstaedt.. EVUM Motors has raised $43.41 million across 5 funding rounds from investors including UniCredit, European Investment Bank and Jolt Capital. EVUM Motors offers products and services including Evum. EVUM Motors operates in a competitive market with competitors including Rivian, Telo Trucks, Lordstown Motors, Atlis Motor Vehicles and Bollinger Motors, among others.
- Headquarter Munchen, Germany
- Founders Martin Soltes, Sascha Koberstaedt
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
*********
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Website
*********
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Social
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- Legal Name Evum Motors Gmbh
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$43.41 M (USD)
in 5 rounds
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Latest Funding Round
$21.9 M (USD), Series B
Dec 12, 2023
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Investors
UniCredit
& 6 more
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Employee Count
Employee Count
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Products & Services of EVUM Motors
EVUM Motors offers a comprehensive portfolio of products and services, including Evum. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Emission-free vehicle for transport, work, and energy needs.
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Funding Insights of EVUM Motors
EVUM Motors has successfully raised a total of $43.41M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $21.9 million completed in December 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Series B — $21.9M
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First Round
First Round
(23 Sep 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series B - EVUM Motors | Valuation | Jolt Capital | |
| Jun, 2023 | Amount | Debt – Conventional - EVUM Motors | Valuation |
investors |
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| Sep, 2022 | Amount | Series B - EVUM Motors | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in EVUM Motors
EVUM Motors has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include UniCredit, European Investment Bank and Jolt Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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High-tech industries are targeted for investments by Bayern Kapital.
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Founded Year | Domain | Location | |
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Private equity firm focused on buyouts of tech-driven companies
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Founded Year | Domain | Location | |
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Finance and advisory services for infrastructure projects are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by EVUM Motors
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - EVUM Motors
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Evum Motors Comparisons
Competitors of EVUM Motors
EVUM Motors operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Rivian, Telo Trucks, Lordstown Motors, Atlis Motor Vehicles and Bollinger Motors, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Off-road electric pickup trucks are manufactured for adventure use.
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| domain | founded_year | HQ Location |
Electric trucks are manufactured for urban employees and weekend adventurers.
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| domain | founded_year | HQ Location |
Electric pickup trucks are developed and manufactured by Lordstown Motors.
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| domain | founded_year | HQ Location |
Developer of electric pickup trucks
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| domain | founded_year | HQ Location |
Off-road and on-road sport utility trucks are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Evum Motors
Frequently Asked Questions about EVUM Motors
When was EVUM Motors founded?
EVUM Motors was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is EVUM Motors located?
EVUM Motors is headquartered in Munchen, Germany. It is registered at Munchen, Bayern, Germany.
Is EVUM Motors a funded company?
EVUM Motors is a funded company, having raised a total of $43.41M across 5 funding rounds to date. The company's 1st funding round was a Series B of $7.51M, raised on Sep 23, 2020.
What does EVUM Motors do?
EVUM Motors was founded in 2017 in Munich, Germany, as a dealer in the automotive sector. Operations are centered on a platform that facilitates vehicle bookings by requiring inputs such as location, user information, vehicle specifications, and payment details. The service supports transactions for various car models, with management handled by co-founders Martin Soltes and Sascha Koberstaedt. Focus remains on streamlined booking processes within the European market.
Who are the top competitors of EVUM Motors?
EVUM Motors's top competitors include Rivian, Telo Trucks and Lordstown Motors.
What products or services does EVUM Motors offer?
EVUM Motors offers Evum.
Who are EVUM Motors's investors?
EVUM Motors has 7 investors. Key investors include UniCredit, European Investment Bank, Jolt Capital, Schabmüller Automobile Technology, and Bayern Kapital.