Germans invest 10 million in Etergo for e-scooter

Dutch startup Etergo (formerly Bolt Mobility) has secured ten million euros for the mass production of its first electric scooter, AppScooter. The investment comes from an unnamed ‘German automotive specialist. The first series should be delivered in Germany and the Netherlands in the second half of 2019.

With a possible range of up to 240 km (assuming a constant driving speed of 2o km/h), the e-scooter can accelerate from 0 to 45 km/h in 3.9 seconds. The AppScooter features a 7-inch touchscreen, an Internet connection and steering armatures, with which drivers can operate their mobile phones via Bluetooth, make calls, stream music and operate the navigation system.

This is the fourth time that Etergo has received a multi-million euro investment. Last year, the start-up was able to raise five million euros through crowdfunding to development the electric AppScooter. Etergo made no indication of which German ‘automotive specialist company’ was behind the investment. CEO and co-founder Bart Jacobsz Rosier remained vicarious saying, “This investment gives us more than just capital. The knowledge and experience of our investor in the automotive and service sectors will help us to build the best service network in Europe.”

etergo.com, (AppScooter) press release (investment)