Congratulations to our alumni startup Volabo from Batch #8 for receiving a seven-digit Series A financing!
After being self-financed since its foundation in 2016, the company from Ottobrunn today announced its first round of financing. The family-owned Hechinger Group is investing in the Munich-based startup and the funding will be used in product development for entering the boat market. The company is developing a new drive technology, the Intelligent Stator Cage Drive (ISCAD), which is cheaper to produce than comparable electric drives, eco-friendlier and still keeps its efficiency.
We wish them all the best for the future!