NEXT Electric Motors

wearenextmotors.com ↗ ·Valencia ·Seed

NEXT Electric Motors (branded NEXT Motors) is a Valencia-based startup that designs and sells electric 50cc- and 125cc-equivalent scooters and motorcycles positioned as a direct alternative to petrol equivalents on design, performance and price, alongside a small combustion range. Founded in 2017 by four co-founders and accelerated by Lanzadera from January 2018, it has raised roughly €1.5M across a €500K round fully subscribed by Kereon Partners in October 2020 and a further ~€1M round in 2023, and holds the European Commission Seal of Excellence. It has also become the Spanish distributor for Chinese electric two-wheeler giant Yadea. The team is small (roughly 1-10 employees).

Founded
2017
Founders
4
Total funds raised
€1.5M
Rounds
2
Investors
4
Last round
May 2023
SectorsMobility & Logistics, Electric Vehicles, Deeptech & Hardware, Energy & Climate, Consumer Start-up MapMobility & Logistics › Vehicle & fleet manufacturing

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Founders

Antonio Navarro Herrero
Co-Founder & CTO
Ben Xu
Co-Founder & COO
Estefanía Hernández
Co-Founder & CMO
Xulei Xu
CEO & Co-Founder

Global models 5

Ola Electric
Designs and sells its own electric scooters and motorcycles to consumers as direct replacements for petrol two-wheelers.
~$1.3BComparable
Ather Energy
Designs and sells premium electric scooters to consumers, positioned against petrol models on performance and price.
~$500MComparable
Gogoro
Designs and sells branded electric scooters that replace petrol models, and also runs a battery-swap network.
~$480MComparable
Ultraviolette
Designs and sells its own electric motorcycles to consumers as alternatives to petrol bikes of the same power.
~$150MComparable
Zero Motorcycles
Designs and sells branded electric motorcycles through dealers and distributors as alternatives to petrol bikes.
~$100MComparable

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Notes: Most funded first

Investors 4

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Funding rounds 2

DateRoundAmountLead

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