Start-up e.Go gets millions

First insolvency, then takeover, now a new financing round: the Aachen-based start-up has completed a Series B financing round.

The Aachen-based start-up e.Go was once the celebrated star in the German electric car firmament, but then suffered a number of setbacks and even filed for insolvency last year. However, the Dutch investment company ND Industrial Investments was able to avert the end by acquiring a majority stake in the promising company.

Now there is good news again from the Aachen-based company: the start-up has raised 30 million in a Series B financing round, securing capital for the coming months. The investors include Formula E founder Alejandro Agag and US actor Edward Norton, who will also become a brand ambassador for the electric speedster in future.

The company was originally founded by RWTH professor Günther Schuh, who has since taken over as Chairman of the Board of Directors. The start-up now plans to step up production of the e.Go Life model in the coming weeks. Initially, there will be a special edition of 1,000 vehicles, which will cost just under 23,000 euros.