Industrial investors join Flux Mobility
Winterthur, June 22, 2022 – Swiss investment companies, including PCS Holding, are investing in Flux Mobility AG. The Swiss start-up is using the funds to finance the further development and construction of customized electric transporters. Delivery of the pilot series is imminent. The contract closures also secure the series development of the vehicle for European markets.
Following the initial public presentation of its electric transporters in April 2022, Flux Mobility AG is drawing a positive interim conclusion. The modular platform concept for the construction of customized vehicles is generating considerable interest among potential users. Delivery of the pilot series based on the MAN TGE will begin in the next few months. The new investors also recognize that Flux Mobility is closing a gap in the market with its electric commercial vehicles in the area of CO2 reduction and the associated requirements of cities and municipalities.
Oliver Streuli, CEO of PCS Holding:
«The fact that there is no electric replacement available for around a third of the small vans registered in Switzerland caught our attention. As a system integrator for the electrification of commercial vehicles, Flux has achieved initial market successes in record time and successfully implemented the technical concepts. With its modular approach, Flux Mobility meets ideal conditions for tapping into current and future mobility niches»
With the new investors, Flux Mobility gains access to important know-how in the fields of automotive, renewable energy and electromobility.
Duga Hoti, co-founder and CEO of Flux Mobility:
«The fact that we were able to win over two well-known industrial investment companies confirms that we are on the right track. The additional capital in the millions and the associated industry knowledge are very valuable to us. The collaboration enables us to drive development forward even faster and more sustainably»
Oliver Streuli, CEO of PCS Holding, and Conrad Sonderegger, Board Member of the Kistler Group, are taking seats on the Board of Directors. Streuli and Sonderegger complement the Board of Directors with experience from the industry. Stefan Meier chairs the newly constituted Board of Directors. The entrepreneur and investor has been supporting the young company since the founding phase and has proven expertise in the fields of IT and sustainability.
Flux Mobility AG, founded in April 2021 and based in Winterthur, develops high-quality light commercial vehicles with innovative, emission-free drive technologies and electrifies special vehicles. The basis for this is a flexible platform concept that allows diesel vehicles to be replaced one-to-one. In this way, Flux is taking on a decisive pioneering role in the sustainable transformation of industrial mobility and is helping companies to exploit the potential of electromobility. Flux Mobility's customers include several of the largest municipal operations in Switzerland.
