Connect with us

Hi, what are you looking for?

CleanTechnica

Autonomous Vehicles

e.GO Plans To Boldly Go Where No EV Startup Has Gone Before

e.GO, a German EV startup, says it will begin deliveries of its Life no-frills electric car in April. The base price of the car is $18,000.

e.GO Life electric car

Tiny e.GO Mobile — an electric car startup based in Aachen, Germany — says  delivery of its Life no-frills EV will begin in April.

By 2022, it plans to be selling 100,000 of the cars a year.

The Life looks like a squished down version of the Kia Soul. The car will have a range of 75 to 114 miles, a top speed of 72 to 94 miles per hour, and be priced between $18,000 and $22,500. Definitely an entry-level car at an entry-level price.

To keep costs down, e.GO sources as many parts off the shelf as possible. The drivetrain comes from Bosch and the tail lights were originally made for trucks. Founder and CEO Guenther Schuh tells Bloomberg he expects his new company to have a positive cash flow beginning next year and to become profitable by 2021, something it took Tesla nearly a decade to accomplish.

Like Elon Musk, Schuh started one business and sold it at a profit within a few years. He plowed the profits from the sale back into e.GO and secured an additional €135 million from ZF Friedrichshafen. He has enlisted the aid of HSBC to secure an additional €300 million in financing so the company can begin producing 4 EV models, one of which will be an autonomous people mover to be used in shuttle bus service within defined geographic areas.

Schuh is no stranger to electric vehicles. Six years ago, the chair of production engineering at RWTH Aachen University — one of Germany’s top technical schools — developed a bare-bones electric delivery vehicle. It had no AC, no radio, and a top speed of barely 50 mph, but it was just what Deutsche Post was looking for to decarbonize its urban delivery fleet. It purchased the production rights to the little electric delivery vehicle and the name Schuh gave it — StreetScooter — in 2014.

e.GO is already planning to expand beyond Aachen. It is exploring joint ventures in China and Mexico and looking into manufacturing battery cells in Germany. It is in talks with several Chinese cities about using Mover, its 15 person autonomous shuttle bus, for public transportation.

Schuh says he owes a debt of gratitude to Elon Musk and Tesla. “I’ve needed Tesla as a role model,” he says. “For so long, no startup or individual entered this shark tank alone, so it was great to get a demonstration of how that might work.” One company started at the top of the market and is moving its way down. The other is starting at the bottom of the market and working its way up. Hopefully both will be wildly successful and help point the world to a sustainable future.

 

Advertisement
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

Steve writes about the interface between technology and sustainability from his homes in Florida and Connecticut or anywhere else the Singularity may lead him. You can follow him on Twitter but not on any social media platforms run by evil overlords like Facebook.

Comments

You May Also Like

Clean Transport

StreetScooter electric vehicles are coming to the US and Canada.

Clean Transport

StreetScooter has updated its model lineup and plans to expand its manufacturing operations into China and the US.

Cars

Companies like Tencent, Baidu, Amazon, Samsung, Google, IKEA, Goldman Sachs, Citi, Renault-Nissan, and many more are investing heavily in the field of electric mobility,...

Cars

In this episode of our CleanTech Talk podcast interview series, Zach Shahan sits down with Tomek Gac, Co-Founder of Tesla Shuttle and founder and...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.