Amsterdam, July 10: Squad Mobility has secured €1.35 million to further develop its 2-person and 4-person platforms, L6 and L7, based on the GIANTS platform.
This funding, part of the Horizon Europe project, will advance the company’s path to production in 2025.
In addition to financial backing, Squad Mobility will receive substantial support from supplying partners providing essential components such as batteries, drivetrain, electronics, software, and solar PV.
R&D support from universities and research institutions within the consortium will further aid in these developments.
Squad Mobility is also set to announce its public offering of shares on the Bondex platform by NXChange in the coming weeks.
Investments will start at €250, with more details to follow soon.
The GIANTS project is seeking support for research on developing frugal L5, L6, and L7 class Light Electric Vehicles (LEVs).
Participants are invited to complete a 15-20 minute survey to aid in this development.
The GIANTS project, funded by the European Union, aims to provide affordable and accessible mobility solutions to both emerging and advanced markets.
It focuses on creating economical, modular, and scalable vehicle platforms that meet user needs without excessive features.
The innovative approach includes advanced charging and energy optimization solutions.
Funded by the European Union, the views and opinions expressed are those of the consortium and do not necessarily reflect those of the European Union or CINEA.
Neither the European Union nor the granting authority can be held responsible for them.
For more information and to participate in the survey, visit GIANTS project.
Media & PR: editor@dailystraits.com. Copyright 2021–Present DailyStraits.com. All rights reserved.