Evum Motors, which was founded in 2017 from a research project at Munich University, has specialized in the development and distribution of electric special utility vehicles for municipalities, agriculture, and industry. The goal was to build a simple, robust electric utility vehicle that can be used in agriculture and forestry, in trades and industry, as well as in municipal and demanding leisure applications.
The company operates a production facility in Bayerbach near Ergoldsbach in Lower Bavaria and distributes its vehicles, according to the company, in eleven European countries through an international dealer and service network. With the newly raised capital, the company aims to expand production capacity and further develop its geographic presence in Germany and Europe in the areas of sales and service.
“A crucial step to take Evum to the next level”
Martin Šoltés, founder and CEO of Evum Motors, says:
“This investment is a clear sign that our vision of e-mobility and eWork will shape the future. It is a crucial step to take Evum to the next level. Jolt Capital is a reference investor for European technology investments, and we are delighted that they have recognized us as a leading company in our field. This significant investment gives us a strong boost on our path to becoming a European market leader in e-mobility and energy efficiency.”
And Eric Arnould, General Partner at Jolt Capital, comments:
“As we are accustomed to supporting responsible deeptech companies across Europe, we were impressed by the products developed by Evum Motors and the potential to offer much more than just electric vehicles. Our investment reflects our confidence in the company’s ability to develop intelligent energy solutions and contribute to the energy transition in the areas of transport and work.”
