{"id":56516,"date":"2020-01-22T16:16:28","date_gmt":"2020-01-22T15:16:28","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=56516"},"modified":"2020-01-21T17:41:38","modified_gmt":"2020-01-21T16:41:38","slug":"volabo-series-a-financing","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/56516\/volabo-series-a-financing\/","title":{"rendered":"Volabo: Seven-figure Series A financing"},"content":{"rendered":"
\n

The Munich-based startup Volabo has successfully completed a seven-figure Series A financing round. The investor is the family-owned company Hechinger. <\/strong><\/p>\n\n\n\n

The Startup founded in 2016<\/a> had previously developed a 48-volt high-performance drive, financed by itself. Now it has found a strategic investor in the Hechinger Group. The medium-sized investor is a manufacturer of magnetic systems, among other things. For Volabo, the collaboration will create synergies in development, industrialization, and production. <\/p>\n\n\n\n

Market entry in the boat sector<\/h2>\n\n\n\n

With this financial injection, the startup plans to further develop its electric drive specifically for market entry in the boating sector. The Munich-based company is developing the first electric drive capable of delivering high power (up to 300 kW) at a safe voltage of 48 volts. The safety provided by the extra-low voltage represents a significant competitive advantage over established providers. Currently, there are no high-performance alternatives to low-voltage electric drives. Volabo can fill this gap in the market. <\/p>\n\n\n\n

\"Volabo
The 4th generation Volabo drive, called ISCAD (Intelligent Stator Cage Drive) with power electronics on the test bench.<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cThe electric drive can now be developed project-independently and purposefully into a market-ready product that will revolutionize electromobility,\u201d <\/p><\/blockquote>\n\n\n\n

commented Managing Director Adrian Patzak<\/strong>He continues: <\/p>\n\n\n\n

\u201cThe new funds will be used largely for product development as well as the qualification and certification of the drives.\u201d<\/p><\/blockquote>\n\n\n\n

Volabo financing: strategic investment in electromobility<\/h2>\n\n\n\n

For Markus Duffner<\/strong>, Managing Director of the Hechinger Group, it is a strategic investment: <\/p>\n\n\n\n

\u201cWith the investment in Volabo GmbH, the Hechinger Group is optimally positioned for the promising field of electromobility.\u201d<\/p><\/blockquote>\n\n\n\n

Volabo is about to launch its new propulsion system, which is currently undergoing test track testing. In March 2020, the world's first high-performance boat with the Volabo propulsion system will be exhibited at the Austrian Boat Show, a boating and water sports trade fair.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based startup Volabo has successfully completed a seven-figure Series A financing round. The investor is the family-owned company Hechinger. Founded in 2016, the startup had previously developed a 48-volt high-performance drive system, previously self-financed. It has now found a strategic investor in the Hechinger Group. The mid-sized investor includes manufacturers\u2026<\/p>","protected":false},"author":22,"featured_media":56518,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[1235,52,3423],"acf":[],"yoast_head":"\nVolabo: Siebenstellige Series-A-Finanzierung - Munich Startup<\/title>\n<meta name=\"description\" content=\"Das M\u00fcnchner Startup Volabo hat erfolgreich eine Series-A-Finanzierungsrunde im siebenstelligen Bereich abgeschlossen. 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