- CEO
- Ulf Jonas Rask
- Full Time Employees
- 14
- Sector
- Consumer durables
- Industry
- Motor vehicles
- Address
- Fabriksstråket 3 Jonsered VG Sweden 433 76
- IPO Date
- May 26, 2016
- Business
- Clean Motion AB (publ) (CLEMO.ST) develops and manufactures lightweight, energy-efficient electric vehicles for sustainable urban mobility and last-mile delivery applications; its core products include EVIG, a solar-powered three-wheeled electric delivery vehicle optimized for postal and parcel services, pallet transport, temperature-sensitive goods, and facility maintenance with modular cargo space up to 2.5 cubic meters, 570W solar panels, battery options of 5.0 or 10kWh, top speed of 60km/h, and energy consumption as low as 0-4kWh/100km; and Zbee, a lightweight electric tricycle for passenger transport and small goods handling. The company targets B2B customers such as logistics operators, postal services, and urban service providers, emphasizing resource-efficient, locally producible designs that minimize emissions (0-23g CO2eq/km) and grid dependency through solar charging and connectivity features for fleet management. Founded in 2009 and headquartered in Jonsered, Sweden, with operations extending to production scaling in India via a licensing agreement, Clean Motion focuses on the electric vehicle segment within the automobiles industry. Recent developments include a Q3 2024 rights issue raising SEK 24.3 million before costs to enhance liquidity; participation in major trade fairs in Amsterdam and Copenhagen showcasing EVIG to strong logistics interest; ongoing partnership discussions with Daimler FUSO and a new collaboration with LMe Solutions for sustainable mobility in the Netherlands; a licensing deal in India attracting nearly SEK 7 million in investment and projecting USD 2 million in fees from 2026-2030; inauguration of a new production facility boosting capacity to 3,000 vehicles annually; attainment of production certification; SEK 376,200 funding from the Swedish Energy Agency for a multi-country research project on solar-powered EVIG with VTI; and additional EUR 290,000 from EU Horizon for project initiatives starting Q4 2025.