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{"id":29706,"date":"2023-04-20T22:19:24","date_gmt":"2023-04-20T22:19:24","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/20\/kate-raises-7-6-million-for-its-electric-micro-cars\/"},"modified":"2023-04-20T22:19:25","modified_gmt":"2023-04-20T22:19:25","slug":"kate-raises-7-6-million-for-its-electric-micro-cars","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/20\/kate-raises-7-6-million-for-its-electric-micro-cars\/","title":{"rendered":"Kate raises $7.6 million for its electric micro-cars"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/20\/kate-raises-76-million-for-its-electric-micro-cars\/<\/a><\/br>
\nKate raises $7.6 million for its electric micro-cars<\/br>
\n2023-04-20 22:19:24<\/br><\/p>\n

\n

French startup Kate<\/a> has raised a $7.6 million (\u20ac7 million) funding round from a bunch of business angels. As I wrote in my previous article on Kate<\/a>, the company has ambitious goals when it comes to everyday mobility. It plans to use the funding to develop an alternative to regular cars (electric or not) by making something smaller, cheaper and easier to maintain.<\/p>\n

Investors in the startup include Julien Lemoine (co-founder and CTO of Algolia), Emmanuelle Brizay (AC8 INVEST), Christophe Maurissen (managing director at Alcogroup), Romain Afflelou (CEO of Cosmo Connected), Beno\u00eet Charles-Lavauzelle (CEO of Theodo) and Antoine Leconte (founder of Cheerz).<\/p>\n

And Kate isn\u2019t starting from scratch. The company acquired NoSmoke, a small manufacturer of electric vehicles inspired by the Mini Moke<\/a>. This way, Kate can reuse some parts and borrow some manufacturing processes that have been used to produce the leisure cars.<\/p>\n

But Kate\u2019s next car, which is currently called the K1, will be designed to be used every single day and not just for your vacation house. In Europe, people moving from A to B use a large vehicle \u2014 like a regular car \u2014 for 84% of their trips. It represents 11% of the CO2<\/sub> emissions. And yet, 98% of trips are shorter than 80 kilometers (that\u2019s 50 miles).<\/p>\n

\"A<\/p>\n

Image Credits:<\/strong> Kate<\/p>\n<\/div>\n

The Kate K1 is going to be a lightweight car that can reach a top speed of 90 km\/h (56 mph). It isn\u2019t designed for your long-distance trips. In that case, you\u2019re better off renting a normal car. It isn\u2019t designed for big cities either, as public transportation, bikes and shared vehicles work better in this environment.<\/p>\n

But the Kate K1 would work well for people living in the suburbs or the countryside. It would work fine to drop off your kid at school, head to work and swing by the supermarket. It will have four seats and the entry level should offer a battery range of 200 kilometers (124 miles).<\/p>\n

Kate has an aggressive timeline as it wants to unveil the K1 in the third quarter of 2023. In addition to the mysterious renderings, here\u2019s what the Original, the leisure car that is currently available, looks like:<\/p>\n

\"A<\/p>\n

Image Credits:<\/strong> Kate<\/p>\n<\/div><\/div>\n

<\/br><\/br><\/br><\/p>\n

Science, Tech, Technology<\/br>
\n<\/br>
\nSource:
https:\/\/techcrunch.com\/2023\/04\/20\/kate-raises-76-million-for-its-electric-micro-cars\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/20\/kate-raises-76-million-for-its-electric-micro-cars\/ Kate raises $7.6 million for its electric micro-cars 2023-04-20 22:19:24 French startup Kate has raised a $7.6 million (\u20ac7 million) funding round from a bunch of business angels. As I wrote in my previous article on Kate, the company has ambitious goals when it comes to everyday mobility. It plans to use the funding […]<\/p>\n","protected":false},"author":1,"featured_media":29707,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-29706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\nKate raises $7.6 million for its electric micro-cars - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/04\/20\/kate-raises-7-6-million-for-its-electric-micro-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kate raises $7.6 million for its electric micro-cars - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2023\/04\/20\/kate-raises-76-million-for-its-electric-micro-cars\/ Kate raises $7.6 million for its electric micro-cars 2023-04-20 22:19:24 French startup Kate has raised a $7.6 million (\u20ac7 million) funding round from a bunch of business angels. 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