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15 03 2018 01

Founded by former BMW and Faraday Future manager Stefan Krause, the electric car venture EVelozcity is hot among investors. Krause says he got funding offers over 1 billion dollars and thus the startup is planning big.

EVelozcity wants to launch three electric cars by 2021, according to Krause. They shall utilise one shared platform and aim at a price below 50,000 dollars with a range of 400 kilometres. Conceptionaly, EVelozcity’s models are to serve commuters on the last mile, delivery companies in the commercial sector and lastly the rising ridesharing business.

Still, EVelozcity has yet to present a design of their own. So far, founder Krause seems to be riding on his good name. He is well connected both from his two decades at BMW and most recently as CTO of Faraday Future, which has gotten ever deeper into a crisis since. His departure was not amicable. In fact, Faraday Future filed a lawsuit against its former CFO for stealing trade secrets and employees (we reported).

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Tags: Vehicle

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