Evum Motors, founded in 2017 as a research project at the University of Munich, specializes in the development and distribution of special electric commercial vehicles for municipalities, agriculture, and industry. The goal was to build a simple, robust electric commercial vehicle that could be used in agriculture and forestry, commerce 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, according to its own information, sells its vehicles in eleven European countries through an international dealer and service network. The newly raised capital will be used to expand production capacities and further develop its geographical presence in Germany and Europe in the areas of sales and service.
“Crucial step to take Evum to the next level”
Martin Soltés, Founder and CEO of Evum Motors, says:
"This investment is a clear sign that our vision of electromobility and eWork will define the future. It's a crucial step in taking 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 leader in our field. This significant investment gives us a strong boost on our path to becoming a European leader in electromobility and energy efficiency."
And Eric Arnould, General Partner of Jolt Capital, commented:
"As we are accustomed to supporting responsible deep-tech companies across Europe, we were impressed by the products developed by Evum Motors and their potential to offer far more than just electric vehicles. Our investment reflects our confidence in the company's ability to develop smart energy solutions and contribute to the energy transition in transport and work."
