Clean Mobile raises €6.6M for electric drive train technology

Funding

Clean Mobile AG, of Munich, has raised €6.6 million in a second round of funding from a consortium of leading venture investors. Capital-E from Belgium and Emertec Gestion from France joined the existing syndicate of Earlybird, High Tech Gründerfonds and Silicon Valley Technology Group in the round.

Clean Mobile produces electric drive trains for light electric vehicles such as E-Bikes, E-Scooters, cargo vehicles and others. The company has developed proprietary and patented technologies around the entire drive train, including high efficiency battery management, optimised electrical drives and integrated vehicle management systems.

After product development and first field tests in 2008 and early 2009, the company started to commercialise its products in the second half of 2009 and is now working with over a dozen leading vehicle brands. The new funding round is intended to finance the company’s further growth.

Werner Gruber, CEO of Clean Mobile, said the company has entered into a phase of accelerated growth. “This funding round will provide the resources to meet the demand from our customers and to further expand our product portfolio.”