Hopper Mobility completes pre-seed round

The start-up wants to launch an e-bike-car hybrid on the market. The Augsburg-based company now wants to use the capital raised to build a prototype.

The mobility start-up Hopper Mobility has completed its pre-seed financing round. The Augsburg-based company did not initially disclose the amount of the investment or the investors.

The concept of the company, which was founded in 2019, is ambitious: The Swabians are working on a hybrid of an e-bike and a car called Hopper. According to the start-up, the vehicle can be used without a driver's license. What's more, the Hopper only needs around one seventh of the electricity that an electric car consumes. Mobility Hopper estimates a range of 60 kilometers for the electric motor.

"We anticipate a significant increase in demand for environmentally friendly and practical concepts for individual mobility in the city. Although there is only one test model so far, we already have inquiries for more than 200 vehicles," says Martin Halama, co-founder and project manager of Hopper Mobility GmbH.

The start-up now wants to use the money from the financing round to develop a prototype and carry out initial test drives. The first pre-series vehicles are to be delivered at the end of 2022. Hopper Mobility is planning another round of financing for 2023, which will then be used to start series production.