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Clean Mobile charges its batteries with €7.7 million

6 April 2011 11:32
By Tornado Staff

Clean Mobile, a German developer of hybrid electric drives, has received €7.7 million from existing investors Earlybird Venture Capital, Capital-E, High-Tech Gründerfonds and SVTG Silicon Valley Technology Group and new investor iwis. The Series B round of financing secures Clean Mobile’s further development and expansion and will support the market entry of the company’s harmonic chain drive drive line designed for e-bikes and pedelecs.

Clean Mobile sells drive trains through vehicle manufacturers to commercial and private users. The company has developed technologies around the entire drive train, including efficiency battery management systems, optimized drives and integrated vehicle management systems. It raised its first round of €3.3 million in March 2008 and another round of €6.6 million in April 2010.

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