G
GOVECS
Completely dedicated to the development, production, and marketing of electric vehicles.
About GOVECS
GOVECS Group, based in Munich, is a prominent manufacturer of electric two-wheelers in Europe, with a strategic focus on the business-to-business (B2B) market. The company was established in 2009 by Thomas Grübel, who brought his extensive experience from the two-wheeler industry to pioneer electric mobility solutions. A significant milestone in the company's history was its initial public offering on the Frankfurt Stock Exchange in the Prime Standard segment in 2018, which provided the capital for its expansion strategies.
Read full description
The core business of GOVECS revolves around designing, developing, and producing electric scooters tailored for delivery services, sharing platforms, and corporate fleets. Its business model centers on direct sales and long-term partnerships with major players in the mobility sector, including companies like Delivery Hero, Just Eat Takeaway.com, and Cooltra. This B2B focus allows GOVECS to generate revenue through bulk orders and customized fleet solutions. The company operates in the rapidly growing electric light vehicle (LEV) market, capitalizing on the increasing demand for sustainable urban transportation.
GOVECS's product portfolio includes a range of electric scooters known for their durability, performance, and German engineering standards. Key models like the GOVECS FLEX and PRO series are designed for the intensive use typical of delivery and sharing operations. These vehicles feature robust construction, reliable battery technology, and low maintenance requirements, which are critical for their commercial clients' total cost of ownership. The company differentiates itself through its deep integration with sharing and delivery platforms and its ability to provide customized vehicle configurations to meet specific client needs. In addition to its own brand, GOVECS also produces vehicles for other brands, such as the e-scooters for the Schwalbe brand, leveraging its manufacturing expertise.
At a glance
- Status
- Operational
- Founded
- 2009
- Headquarters
- Munich, Germany
- Employees
- 46
- Open positions
- None listed
- Dealroom signal
- 57.7/100
- Sub-industry
- Vehicle Production
- Sector
- Transportation, Automotive, Mobility, Car, E-Scooters, Micromobility, Sustainable Development Goals, Arts & Culture, Urban Tech, Climate Tech, Electric Mobility
- Business model
- Manufacturing, Marketplace & ecommerce
- Client focus
- b2c
- Investment activity
- 1 company, latest Apr 2020
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VC✓Equity / VC | Oct 2024 | $1.8M | $55M | Undisclosed | ↗ |
| EARLY VC✓Equity / VC | Aug 2014 | $0 | — | WOLFF & MÜLLER Holding | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for GOVECS is 1.1K monthly website visits, down 66.7% over the last three months. GOVECS's team declined 27% over the past year.
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
LiveCycleMunich, GermanyWith a focus on B2B service, ensure the bicycle mobility of your employees
→
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
KfW
Gimv
WOLFF & MÜLLER Holding
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about GOVECS on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See GOVECS’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.







