Kate raises $7.6 million for its electrical micro-cars

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French startup Kate has raised a $7.6 million (€7 million) funding spherical from a bunch of enterprise angels. As I wrote in my previous article on Kate, the corporate has bold objectives with regards to on a regular basis mobility. It plans to make use of the funding to develop an alternative choice to common automobiles (electrical or not) by making one thing smaller, cheaper and simpler to keep up.

Traders within the startup embody Julien Lemoine (co-founder and CTO of Algolia), Emmanuelle Brizay (AC8 INVEST), Christophe Maurissen (Managing Director at Alcogroup), Romain Afflelou (CEO of Cosmo Related), Benoît Charles-Lavauzelle (CEO of Theodo) and Antoine Leconte (founding father of Cheerz).

And Kate isn’t ranging from scratch. The corporate acquired NoSmoke, a small producer of electrical autos impressed by the Mini Moke. This fashion, Kate can reuse some elements and borrow some manufacturing processes which have been used to supply the leisure automobiles.

However Kate’s subsequent automotive, which is presently known as the K1, will likely be designed for use each single day and never simply to your trip home. In Europe, folks shifting from A to B use a big car — like a daily automotive — for 84% of their journeys. It represents 11% of the CO2 emissions. And but, 98% of journeys are shorter than 80 kilometers (that’s 50 miles).

A rendering of the upcoming Kate K1

Picture Credit: Kate

The Kate K1 goes to be a light-weight automotive that may attain a prime velocity of 90 km/h (56 mph). It isn’t designed to your long-distance journeys. In that case, you’re higher off renting a standard automotive. It isn’t designed for giant cities both as public transportation, bikes and shared autos work higher on this atmosphere.

However the Kate K1 would work effectively for folks residing within the suburbs or the countryside. It might work effective to drop off your child at college, head to work and swing by the grocery store. It can have 4 seats and the entry degree ought to supply a battery vary of 200 kilometers (124 miles).

Kate has an aggressive timeline because it desires to unveil the K1 within the third quarter of 2023. Along with the mysterious renderings, right here’s what the Authentic, the leisure automotive that’s presently accessible, seems like:

A photo of the Kate Original, a four-seat Mini Moke-inspired leisure car.

Picture Credit: Kate

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