coModule Raises €500K
Summary
The company intends to use the funds to accelerate growth, implement the technology and begin the market entry.Founded in 2014 by Welix Klaas and CEO Kristjan Maruste, coModule has developed a hardware and software platform for Light Electric Vehicles (LEVs).The hardware monitors vehicle and environmental metrics and sends the data directly to the end user’s smartphone.Data on the vehicle is also sent to the manufacturer of the LEV who can then make better product development decisions and utilize the direct communication with the end user.The company has more than 10 engineers with HQ in Berlin and development office in Tallinn, Estonia.
Funding
Amount
$561.0K
Total raised
Date
June 29, 2015
Announcement date
Investors
High-Tech Grunderfonds
Lead investors
Company
http://www.comodule.com
Funded company
Classifications
industries
Transportation Industry
applications
Data Management
AskAI Classifications
Labels
IoT Software
SaaS
Connected Vehicle Software
Linked Companies
Comodule
$10M to $25M