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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/04\/20\/kate-raises-76-million-for-its-electric-micro-cars\/<\/a><\/br> 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
\nKate raises $7.6 million for its electric micro-cars<\/br>
\n2023-04-20 22:19:24<\/br><\/p>\n