Evum: Jolt Capital invests 20 million euros - Expansion of production and technology

The Munich-based electric commercial vehicle start-up EVUM Motors has announced a financing round of 20 million euros, led by Jolt Capital, the leading European private equity firm for growth companies. The company was founded in 2017 as a spin-off from the Technical University of Munich and has delivered nearly 1,000 vehicles to customers in growing niche markets (municipalities, agriculture, industry), driven by regulatory requirements and public pressure to electrify commercial vehicle fleets. The goal is not just to create a means of transport with the aCar, but to offer a comprehensive energy solution for tools, equipment, infrastructure, and other vehicles, creating a completely energy-autonomous work environment, according to the company's credo.

The provider has a production facility in Bayerbach near Ergoldsbach in Lower Bavaria and now sells its fully electric, emission-free vehicles in eleven European countries through an international dealer and service network. The new funds are intended to expand production capacity to offer robust electric vehicles with intelligent energy solutions and to further develop the geographic presence in Germany and Europe in the areas of sales and service. Additionally, the manufacturer aims to further develop its technology.

"This investment is a clear sign that our vision of electromobility and eWork will shape the future. It is a crucial step to take EVUM to the next level. Jolt Capital is a reference investor for European technology investments, and we are delighted that they recognize us as a leading company in our field," said Martin Šoltés, founder and CEO of EVUM Motors.