Participated · Series B · Feb 2021

Next.e.Go Mobile SE is an electric-vehicle manufacturer based in Aachen, Germany, focused on sustainable urban EVs for short-distance traffic. Its core product line centers on the e.GO Life platform. The company has around 400 employees. It intends to use new funding to enhance production of the e.GO Life platform, develop additional models and offer value-adding customer features including a battery-swap option. The article reports a $57M Series C raise; no revenue or user metrics were disclosed. The raise is intended to help scale production and expand the model lineup. Next.e.GO Mobile builds the e.GO Life, an electric four-seater passenger car. The company is led by founder and Chairman Professor Günther Schuh. It raised €30m in a Series B to support ramping production at its German factory. Production at Plant 1 in Aachen was scheduled to begin in June 2021 and the firm is coordinating closely with electronics and plastics suppliers. Employees will be gradually brought out of short-time working as production scales. The company plans an initial limited edition e.GO Life NEXT for the first 1,000 customers, priced at €22,990 including VAT after the manufacturer’s environmental bonus, with deliveries starting July 2021.