Cenntro Electric to Acquire Minority Interest in German E-Cargo Designer Antric
Summary
The Antric One is purpose-built for delivery services and general cargo transport.Download Our Top Whitepaper : Building Reliable and Secure Fintech Systems in 2022Antric, based in Bochum, Germany, has its roots in a Bochum University spin-off and was founded by Moritz Heibrock and Eric Diederich. The Antric One is ideal for the robust requirements of city logistics as it offers a 2.3 cubic meter cargo volume and up to 300kg payload, a fully suspended four-wheeled chassis, an innovative body made out of fabric and a uniquely developed loading system. Antrics innovative e-cargo bike outperforms competing products in costs, usability, and robustness.In conjunction with the investment, Cenntro will manufacture the Antric One at its assembly facility in Germany and market the e-cargo bike globally.We believe there is no single electric vehicle solution that can support the multitude of ways goods and services can be delivered and distributed, said Peter Wang, Chairman, and CEO of Cenntro Electric Group. We look forward to working closely with the Antric team to further scale their Antric One e-cargo bike with customers across North America, Europe, and Asia in the months ahead.Recommended AI News: Implicity Hosts US Research Competition for Free Access to Advanced AI-powered Cardiac Remote Monitoring PlatformEric Diederich, CEO, and Founder of Antric, commented, Together with Cenntro, we can support cities around the world in their ecological transformation through sophisticated and efficient mobility solutions. This transaction was a natural fit and will provide us with additional capital, extensive sales, and marketing capabilities and reach new geographies for the Antric One.Moritz Heibrock, CTO and Founder of Antric, added, Cenntro is the ideal partner, as it allows us to leverage their manufacturing and global sales reach and focus on our core competence in the development of vehicles.Recommended AI News: Zeta Surgical Raises $5.2 Million in Seed Financing to Enhance Surgical Navigation with Robotics and Mixed Reality[To share your insights with us, please write to sghosh@martechseries.com]