e.Go considers IPO - and loses its founder

The almost insolvent e-car start-up is taking off again and apparently wants to go public. The founder Günther Schuh is no longer with the company. He is leaving the company.

The car manufacturer e.Go has been through turbulent times: First, the start-up from Aachen had to file for insolvency last year and was then taken over by the Dutch investment firm ND Industrial Investments. Now the start-up is apparently also looking into an IPO, reports the online portal Ecomento. However, further details are not yet known.

In addition, sales will start and production will begin in July. This is the electric car special edition e.Go Life Next, a small car. Already in summer the first cars should roll on the streets. Two other cars are also planned, a minibus and a van.

Most recently, the Aachen-based start-up received a financial injection of 30 million euros. Among others, Formula E founder Alejandro Agag and US actor Edward Norton, who will also be brand ambassador for the electric runabout, had invested.The founder Günther Schuh, however, is leaving the company, reports WDR. He had been able to win over Dutch investors in the insolvency last summer, but resigned as managing director. "The time has now come for Prof. Schuh to focus again on his institutes and his work as a university professor at RWTH Aachen University," a statement said. Further reasons for the exit are not known. However, Schuh will continue to be associated with the company, it says.

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