As the world gears up for a future where alternative forms of transportation are more prevalent, French startup Kate plans to redefine what it means to own a car. With its latest funding round, the company has raised €7 million from business angels in order to develop new technologies that could one day take the place of regular cars. Although there is still a lot of work to be done before this vision can become reality, Kate is determined to make it a reality and provide everyday commuters with an easier and more sustainable option.
The startup specializes in an artificial intelligence platform that helps businesses automate their data processing and analysis. Philippe Lemoine, co-founder and CTO of Algolia, is also an investor. Christophe Maurissen, Managing Director at Alcogroup, Romain Afflelou (CEO of Cosmo Connected), Benoît Charles-Lavauzelle (CEO of Theodo) and Antoine Leconte (founder of Cheerz) are also investors in the startup.
Since the acquisition, Kate has been working to rework NoSmoke’s electric vehicle designs in order to create a more cost-effective and accessible minicar. The company is borrowing some processes and parts from the Mini Moke, but also looking to cut costs by outsourcing some manufacturing work. In total, Kate plans on producing around 700 units per year with prices starting at just $15,000. This affordable option is especially important for reaching a wider audience who may not be able to afford traditional cars or who are environmentally conscious.
The K1 is designed for everyday use, not just for vacations. It will have a smaller carbon footprint than traditional cars because it is meant to be used for shorter trips. Europeans are already using smaller vehicles for more of their trips, and the K1 will be another way to help live more sustainable lives.
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The Kate K1 is great for highways and short trips around town. If you’re looking for a car that can take you on longer journeys, consider renting a traditional sedan or opting for public transportation instead.
The Kate K1 is a great commuter car because it has four seats and a battery range of 200 kilometers (124 miles). It’s perfect for people living in the suburbs or the countryside. It would work fine to drop off your kid at school, head to work and swing by the supermarket. The entry level should offer a battery range of 200 kilometers (124 miles).
The K1 is a very futuristic looking car and it seems like it would be a lot of fun to drive. It has an aggressive timeline as it wants to unveil the K1 in the third quarter of 2023, but we’ll have to wait and see what kind of look this car has.
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