Just last year, Wiener Neudorf-based e-mobility startup Aviloo caused a sensation with funding of $2.7 million (€2.3 million) as part of the European Green Deal. Since its founding in 2018, Aviloo has acquired over $5.8 million (€5 million) in funding.
Discover more details about the e-mobility startup Aviloo and read the latest business headlines in the world with our companion app Borrn2Invest
Aviloo achieves record value
Through the Austrian platform Green Rocket, which specializes in investment opportunities in sustainable startups and companies, Aviloo was able to raise $1.45 million (€1.25 million) in just ten days for further growth. According to Green Rocket, this is a record high in the eight-year history of the crowdfunding platform. A total of 734 small investors participated in the crowdfunding.
“We are very proud of this most successful crowdfunding so far in the history of our Green Rocket platform and of the fact that the crowd is an essential part of Aviloo’s success story,” said the two Rockets CEOs Wolfgang Deutschmann and Peter Garber-Schmidt.
On the Green Rocket crowd investment platform, investments can be made in Austrian companies from $289 (€250) and with an interest rate of up to eight percent. In addition to the fixed interest, a bonus interest component is also offered.
Battery testing for used e-cars
Aviloo says it has developed the world’s first independent and cross-manufacturer battery test for (used) electric vehicles. This is intended to enable consumers to make a risk-free purchase of used electric cars. Software and hardware, as well as algorithms for data analysis, were developed at Aviloo’s headquarters in Lower Austria.
The three-man founding team around Marcus Berger, Nikolaus Mayerhofer and Wolfgang Berger has already convinced renowned sales partners such as Denzel AG, Birner Group, Porsche Holding and also ÖAMTC, which currently offers the TÜV-certified test diagnostics at more than 30 locations in Austria.
In addition, numerous international customers from Asia, Norway, Germany, the Netherlands and Switzerland now rely on the know-how of the domestic startup. According to the startup, selling test data to large battery cell manufacturers such as LG Energy Solutions can also optimize batteries and extend their service life.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in brutkasten, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us.
Cepsa Plans to Build a Hydroproduct to Import Hydrogen from Morocco
According to Cepsa's chief executive, the industry needs a hydrogen price of between $2 and $2.5 and around $3 or...
Same Old, Same Old Crummy Market
But these are little issues compared to the performance difference between the stock market and commodities seen since November 2021. Has...
Stock Markets Have Definitely Seen Better Days
It has been the worst start since 1939. Yes, we have to go back that far to find a year...
What is the Best Social Media for Your Business?
It’s time to dispel the myth of the “best social media for business”. Learn more about the demographic data behind...
Amateur Sports Leagues Win Big as FOXD Network Partners With CXSports
Aimed squarely at amateur and semi-professional sports leagues and teams, sports broadcaster FOXD Network has just partnered up with CXSports....
Cannabis2 weeks ago
The Global CBD Gummies Market Will Reach $12 Billion by 2028
Featured2 weeks ago
Understanding the Fed’s Rate Hike: the Long Term Goal of 2.0% Inflation
Featured2 weeks ago
Why Rice Supplies Are Tight and Demand Is Holding Together
Cannabis2 weeks ago
Why the Cannabis Market Has Growing Investment Prospects