Not surprisingly Kumpan‘s über cool e-scooter is on fire on Companisto. Now entering its second week, the Tykesson brothers’ plan to bring more e-scooters to the autobahn and the rest of Europe will become a reality. To date Kumpan’s Companisto campaign has garnered more than 368,485€ from over 453 investors for the 2.76% share offered. The startup aims to raise 500K€ by 7 January 2017. The startup is currently valued at 17,600,000€.
Kumpan plans to use the growth capital to further improve its digital marketing activities, its online store and its products (e.g., their networkability). In Germany, Kumpan collaborates with 200 dealers, offering investors a premium if they buy an e-scooter. With current representative offices in Canada and Shanghai and plans to open a U.S. outlet in 2018, Kumpan hope to expand into five to ten other European countries by next year, depending on the overall investment.
“The concept of Crowdfunding includes creating something that the society needs or at least something a broad majority of the society, independant of social ranks believes in. In order to accomplish the shift from gasoline driven vehicles to electric vehicles we need the power of the crowd,” Co-founder Daniel Tykesson wrote via email. “Since time is a big issue when it comes to saving our planet, we need as many ambassodors as possible in order to support our undertaking. Having raised already 370.000€ in just two weeks makes the whole Kumpan-Team proud and motivates each team member additionally to give her/his best every day.”
To recap, Kumpan Electric was founded in Remagen, Germany 2010 by brothers Daniel, Patrik and Philipp Tykesson. Their e-scooters sport a 50s and 60s retro look utilizing battery technology from the 21st century which enables a reach of up to 150 km. The company reported selling 2,500 scooters since 2010 and now counts 35 employees, including product designers, mechanical engineers, and mechanics, who design and assemble the scooters in the German state of Rhineland-Palatinate as part of its team.
With regard to B2B sales, Kumpan plans to sell networkable scooters by next year, thus enabling scooter sharing and scooter rental to become more convenient. The start-up’s latest product is a electric foldable kickboard approved for use on the road that supports users. The company has reported an average growth rate in the past five years was 375%, reaching the break-even point in 2012, according to CFO Daniel Tykesson.
Kumpan offers three different models. The “1953” and “1954” scooters are both part of the 25 km/h and the 45 km/h segment and may be used with either a moped or a car license priced at 3,849€ and 3,999€, respectively. Using an online configurator, customers can choose the color of the paintwork and of the seat, the tires, and an additional battery themselves.
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