About RED Electric
RED Electric is a Transportation, Automotive & Logistics company based in Nancy (France) founded in 2015. Electric scooters with advanced features are developed by RED Electric. RED Electric has raised $12.99 million across 2 funding rounds. RED Electric offers products and services including Scooter Comparator, Blog, and Newsletter. Its focus areas include Energy Tech, Electric Vehicles, Automaker and Two Wheelers. Its competitors include Cibox, XOR.Motors and RedE.
Company details
RED Electric was founded in 2015 in Nancy, France, and operates in the electric mobility sector. Various models of electric scooters are developed, incorporating capabilities such as 45 kmh speeds, multiple color options, disc brakes, efficient charging, remote access, and anti-theft systems. A companion mobile application is provided for Android and iOS devices to support user management and operations.
- Headquarters Nancy, France
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Website redelectric.fr
- Social LinkedIn X Facebook
- Total Equity Funding$12.99M (USD)
in 2 rounds
- Latest Funding Round$868.17K (USD), Series B
Jul 2022
Products & Services of RED Electric
RED Electric offers a comprehensive portfolio of products and services, including Scooter Comparator, Blog, and Newsletter.
Tool for comparing electric scooter specs and prices
Offers guides, tips, and news on electric scooters
Delivers updates and advice on electric scooters
Funding Insights of RED Electric
RED Electric has successfully raised a total of $12.99M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $868.17 thousand completed in July 2022. 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 $12.99M
- Total Rounds 2
- Last Round Series B — $868,165
- First Round $12.13M
(Jan 2021)
All 2 funding rounds of RED Electric with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $868,165 | Series B | – | – | – |
| Jan 2021 | $12.13M | Series B | – | – | – |
Timeline of RED Electric
3 dated milestones of RED Electric across 7 years, from founding to its latest funding, stage changes and deals.
- Founded RED Electric is founded.
- Funding First funding round of $12.1M.
- Funding Latest funding round, Series B, of $868K.
Competitors of RED Electric
RED Electric has 3 listed competitors in our database. They include Cibox, XOR.Motors and RedE.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ciboxcorp.com | 1995 | Alfortville, France | 18 | Electromobility, storage, and telecommunication equipment are manufactured and distributed. | ||
| xor-motors.com | 2007 | Gardanne, France | Electric scooters are designed and manufactured by XOR.Motors. | |||
| redescooter.com | 2015 | Nancy, France | Electric scooters are designed and produced by RedE in France. |
Detailed competitors of RED Electric
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Frequently Asked Questions about RED Electric
RED Electric was founded in 2015 and raised its 1st funding round 6 years after it was founded.
RED Electric is headquartered in Nancy, France. It is registered at Nancy, Meurthe-et-moselle, France.
RED Electric is a funded company, having raised a total of $12.99M across 2 funding rounds to date. The company's 1st funding round was a Series B of $12.13M, raised on Jan 2021.
RED Electric was founded in 2015 in Nancy, France, and operates in the electric mobility sector. Various models of electric scooters are developed, incorporating capabilities such as 45 kmh speeds, multiple color options, disc brakes, efficient charging, remote access, and anti-theft systems. A companion mobile application is provided for Android and iOS devices to support user management and operations.
RED Electric's top competitors include Cibox, RedE and XOR.Motors.
RED Electric offers Scooter Comparator, Blog, and Newsletter.