According to the UnivDatos, the rising passenger vehicle demand and growing vehicle customization trends will drive the scenario of Microcars and as per their “Microcar Market” report, the market was valued at USD 4.53 Billion in 2022 and expected to grow at CAGR of 11.02% during the forecast period from 2023 – 2030 to reach USD 10.45 Billion by 2030.
Micro Mobility Solutions is a renowned prominent player in the automotive industry, specializing in the production of electric two-wheelers, e-scooters, and microcars. Founded in 1997, the company is headquartered in Zurich, Switzerland over the years, it has evolved into a known player in the automotive sector.
Micro Mobility Solutions operates through two main business segments:
1. Automotive Division is the central business segment of Micro Mobility Solutions, accounting for a significant portion of the company’s revenue. The automotive division of the company has been categorized into three segments including e-scooters and bikes, microletta and microlino. Of these microlino segment caters to the microcars which offers. The available microcar models comes in three battery types, the models come with a range varying of 91km/177km/230km, top speed 90km/hr, weight under 435 kg and power of 12.5 kw. According to the company the microcars provide features such as cross parking, sunroof, fast charge in 4 hours, and 60% less energy waste.
2. Some other segments in which company operates are micro luggage and motorcycle accessories. Europe is the major business region for the company for its product offerings. With expansion in the countries as Germany, France, Italy, Spain, the UK, etc., the company is also vying to increase its presence in the Eastern Europe and North American countries.
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Recent Investments and Announcements of Micro Mobility Solutions:
Micro Mobility Solutions is a leading automotive supplier and manufacturer of small electric vehicles in two and four-wheeler categories. The company has recently made several investments and announcements related to product launches, mergers, acquisitions, and capacity expansions.:
1. The company announced the launch of its microcars in Netherlands from November 1st 2023. This expansion of the product offering in the Western region of Europe is in line with the company’s plans to expand its customer base. Five months after Louwman Group announced the agreement for the distribution of Microlino in the Netherlands, sales of the unique microcar will now officially begin. The models comes with a choice of three versions this is starting with the Urban. This version is available for prices starting at €17,990 and comes standard with LED lighting, sport mode, interior heating, and two screens in the cabin, among other features.
2. Micro Mobility Solutions announced a significant announcements with the joining the coalition of six European electric mobility companies in 2023. The agreement announced is between Ark Motors (UK), Circle Mobility (FR), City Transformer (IL), Kate (FR), Luvly (SE) and Microlino (CH). The coalition would promote easier adoption of electric vehicles, qaudricycles, that are classified as L7e, which is the EU category for four-wheeled fast microcars.
3. The company also signed an agreement with Astara for Microlino for launching its products in Germany and Spain in 2022. The fist deliveries in Germany and Spain followed beginning of 2023.
4. The company also invested in expanding its manufacturing capacity for electric vehicle (EV) components, including battery covers and structural parts, to meet the growing demand in the EV market.
“Future Outlook of the Micro Mobility Solutions.”
Micro Mobility Solutions, a world-leading provider of innovative solutions for microcars and various other electric mobility components for all mobility players, has set a clear growth strategy for the coming years. Micro Mobility Solutions’s development potential is strong and rests on solid human, industrial, and financial fundamentals. The company is focusing on transforming the Group to offer its customers innovative solutions and services. Sustainable development is a pillar of the Group’s strategy, driving its future performance and acceptability. Micro Mobility Solutions is investing in developing production capacity and expanding its product portfolio in the areas of hydrogen and fuel cells. Micro Mobility Solutions has made major acquisitions and strategic investments to expand its product portfolio and market presence.
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About “Micro Mobility Solutions”
Micro Mobility Solutions is a family-led independent group that operates globally, specializing in innovative solutions for more sustainable, safer, connected, and inspiring mobility. The company has a strong presence in the automotive industry. Micro Mobility Solutions’s main offerings include the development and production of clean energy systems, and customized complex modules. Micro Mobility Solutions has a strong global presence, with plants and R&D centers in various countries, including France, Germany, Spain, Netherlands. This international presence allows the company to serve a wide range of customers and adapt to different market needs.
Conclusion
In conclusion, Micro Mobility Solutions is a leading European provider of innovative solutions for sustainable and connected mobility as well as planning to expand its services across the globe. With a strong presence in the automotive industry, a diverse workforce, and a commitment to innovation and sustainability, the company is well-positioned to meet the challenges of the future and drive revolution in the automobile industry.
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