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Sinopsis
It’s not every day that we hear of a new automotive startup. Automotive accessories, parts, innovations, sure, but a full-blown tyres-to-top, bumper-to-bumper creation? Not so much.But in less than three months since announcing the acquisition of another French EV specialist, one that’s built upon the legacy of the Mini Moke, a lesser-known cousin to the iconic British Motor Corporation builds, the Mini, Kei-car inspired auto builder Kate announces today that it’s secured €7 million in a seed funding round.In an interview with Kate CEO and co-founder Matthias Goldenberg, he revealed that the €7 million will be used to accelerate R&D activities around the company’s upcoming K1 vehicle, as well as begging the development of the assembly line process.With every automaker under the sun making their own play in the hybrid and/or all-electric four-wheeled mode of transportation sector, does the world really need another player? According to Goldenberg, most certainly yes.“We have a lot of electric cars on the r
