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GOVECS

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Completely dedicated to the development, production, and marketing of electric vehicles.

Munich, GermanyFounded 2009Transportation
Valuation $50–100M Last recorded · 2024
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for GOVECS and the history behind them.

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.

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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.

Source: Dealroom company data

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

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Oct 2024 $1.8M $55M Undisclosed ↗
EARLY VC✓Equity / VC Aug 2014 $0 — WOLFF & MÜLLER Holding —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

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Growth signals

GOVECS website traffic

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.

Latest monthly visits1.1K 3-month web change-66.7% 1-year team growth-27%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

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
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇵🇱 Poland61.3%
🇩🇪 Germany35.5%
🇪🇸 Spain3.2%
3 countries shown

Market sentiment

Posts on X, past 7 days

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

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