What is Immotor?
Immotor, led by Daniel Huang, a former CEO of battery specialists mophie, is developing a groundbreaking, zero-emissions personal transport vehicle, the ImmotorGO, powered by its proprietary Super Battery with a programmable operating system. The company's vision centers on providing a range of personal transports that are environmentally friendly, emphasizing clean energy, quality design, intelligent riding, extreme portability, and user safety. Immotor is committed to advancing the development, production, and sales of intelligent, interactive, and dynamic battery management systems, offering programmable power on demand.
How much funding has Immotor raised?
Immotor has raised a total of $28M across 1 funding round:
Series C
$28M
Series C (2022): $28M with participation from PIVL, Utrust fund, and PTT Public Company Limited
Key Investors in Immotor
PIVL
PIVL is an entity participating in Immotor's Series C funding round, likely providing strategic capital for the company's expansion in the personal transport and battery technology sectors.
Utrust fund
Utrust fund has invested in Immotor's Series C financing, indicating a belief in the company's innovative approach to zero-emission personal transport and its proprietary battery technology.
PTT Public Company Limited
PTT Public Company Limited, a major player likely in the energy or industrial sector, has contributed to Immotor's Series C funding, signaling a strategic interest in the future of sustainable transportation and energy solutions.
What's next for Immotor?
The substantial enterprise-level funding, particularly the recent Series C investment, positions Immotor for a significant growth phase. This capital infusion is expected to accelerate product development, enhance manufacturing capabilities, and expand market reach for its innovative personal transport solutions and advanced battery technology. The strategic nature of this financing suggests a focus on solidifying its market position and potentially preparing for broader commercialization or future strategic partnerships.
See full Immotor company page
