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 thus financing the further development and construction of customized electric vans. Delivery of the pilot series is imminent. The conclusion of the contracts also secures the series development of the vehicle for European markets.
Following the first public presentation of its e-transporters in April 2022, Flux Mobility AG has drawn a positive interim balance. The modular platform concept for building customized vehicles has met with great interest from potential users. Delivery of the pilot series based on the MAN TGE will begin in the coming months. The new investors also recognize that Flux Mobility's e-commercial vehicles close a gap in the range of services in the area ofCO2 reduction and the associated requirements of cities and municipalities.
Oliver Streuli, CEO of PCS Holding:
"The fact that there is no electric replacement for around a third of the vans registered in Switzerland made us sit up and take notice. As a system integrator for the electrification of commercial vehicles, Flux achieved its first market successes in record time and successfully implemented the technical concepts. With its modular approach, Flux Mobility meets the ideal conditions for tapping into current and future mobility niches"
The new investors will give Flux Mobility access to important expertise in the automotive, renewable energy and electromobility sectors.
Duga Hoti, co-founder and CEO of Flux Mobility:
"The fact that we were able to acquire two well-known industrial holding companies confirms our objectives. The additional capital in the millions and the associated industry knowledge is very valuable for us. The cooperation enables us to drive development forward even faster and sustainably"
Oliver Streuli, CEO of PCS Holding, and Conrad Sonderegger, member of the Board of Directors of the Kistler Group, are new members of the Board of Directors. Streuli and Sonderegger complement the Board of Directors with experience from the industry. The newly constituted Board of Directors is chaired by Stefan Meier. The entrepreneur and investor has accompanied the start-up company since its founding phase and has proven expertise in the areas 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 is a flexible platform concept that enables the one-to-one replacement of diesel vehicles. Flux is thus playing a key 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 Switzerland's largest municipal companies.
