Kumpan Holiday: Electric Scooter’s Companisto Campaign Nears Close, 836% Overfunding

kumpanWith only eight days remaining on its Companisto crowdfunding campaign, the sleek electric scooter Kumpan company has secured over 836,610€ from over 1137 investors, easily clearing the company’s 500K€ stretch goal for 2.76 % share offered. Indeed, a week after the official launch of the campaign, Kumpan’s investment threshold of € 100,000 was passed, having already hit €317,860.

Founded in 2010 by brothers Daniel, Patrik and Philipp Tykesson and headquartered in Remagen, Germany, Kumpan is building e-scooters with a 50s and 60s retro look that utilize battery technology from the 21st century.  Valued at 17,600,000€, Kumpan 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.

kumpanVia Companisto, Daniel Tykesson announced that the team had agreed on a six-figure investment with VMU Venture-Capital Mittelrhein Unternehmensbeteiligungs-gesellschaft mbH and with S-Innovations-Beteiligungsfinanzierungs-gesellschaft Rheinland-Pfalz mbH.

In the same post, the company also announced its first independent store will be opening in the new year:

daniel-patrik-and-philipp-tykesson“Following a successful joint concept development and a signed contract, this is where we are up to: We haven’t just turned a “companist” into a ”kumpanist”, but into an exclusive Kumpan store operator as well,” posted D.Tykesson. “In the coming year, our new partner Harald, will be opening the first independent Kumpan store in Germany.”

kumpanKumpan plans to use the growth capital to further improve its digital marketing activities, its online store and its products (e.g., their networkability) with plans to expand into five to ten other European countries by next year.  The brothers predict that Kumpan will be the world market leader for electric vehicles from 20 – 120km/h by 2025.

Kumpan offers three different models, the “1950”, “1953” and “1954”. 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.

Interested in a test drive?  There are still appointments available for 30 December if readers happen to be in Berlin with some extra free time.

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