The company intends to use the additional capital to meet the increased demand for the all-wheel-drive electric transporter. Sami Sagur, CFO and shareholder of Evum Motors says:
“The successful financing round confirms Evum Motors’ growth potential and the financial industry’s confidence in the company.”
Before Unicredit Bank, the European Central Bank had already provided 12.5 million euros in September 2022 in the form of a Venture Debts for particularly high-growth companies invested in the Munich startup. The existing investors increased their previous investment by a further 7.5 million euros.
aCar on the road to success
Evum Motors has been producing the aCar in Bayerbach near Ergoldsbach, Lower Bavaria, since the end of 2020. The manufacturer now markets the all-purpose transporter in eleven European countries. With its compact dimensions, electric all-wheel drive, and various body options, the electric transporter is particularly suitable for municipal and agricultural transport tasks. The aCar with power steering and a long wheelbase has been available in European markets since spring 2023.
