Mole Urbana: Pioneering Green Mobility with CDP Venture Capital's €3.5M Investment
Deal News | Dec 18, 2024 | CDP Venture Capital
Mole Urbana, a startup dedicated to the production of eco-friendly vehicles, has secured a €3.5 million capital increase. This funding was spearheaded by CDP Venture Capital through its Green Transition Fund, with additional support from the Piemonte Next Fund and a coalition of regional investors. Based in Italy and emphasizing sustainability, Mole Urbana integrates innovative production techniques designed to optimize resource efficiency while reducing energy consumption. Inspired by Japanese kei cars, the vehicles are engineered for urban utility, crafted with 99% Italian components. The company has established environmentally sustainable factories in Piemonte and Fabriano to support its manufacturing ambitions. The project, praised for its potential to revitalize Italy's automotive sector, also aligns with the region’s industrial transition toward sustainable paradigms.
Sectors
- Automotive Industry
- Venture Capital
- Green Technology
Geography
- Italy – Mole Urbana's operations and production facilities are based in Italy, particularly in Piemonte and the Marche regions.
- European Union – The EU's Next Generation funding supports the Green Transition Fund under which Mole Urbana benefits, indicating a broader European context.
Industry
- Automotive Industry – Involves Mole Urbana's focus on manufacturing electric vehicles, highlighting advancements in automotive technology and engineering.
- Venture Capital – CDP Venture Capital's investment and strategic support for Mole Urbana, emphasizing the role of venture funding in industrial innovation.
- Green Technology – Mole Urbana's commitment to sustainable and eco-friendly vehicle production, using recycled materials and low-energy processes.
Financials
- 3.5 million euros – Amount of capital increase secured by Mole Urbana from CDP Venture Capital and other investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mole Urbana | Target Company | Company | An Italian startup producing eco-friendly vehicles with a focus on sustainability and innovation. |
| CDP Venture Capital | Investor | Company | A venture capital firm investing in innovative and sustainable projects through the Green Transition Fund. |
| Piemonte Next Fund | Co-Investor | Company | A fund supporting regional investments in innovation, co-managed by CDP Venture Capital. |
| FinPiemonte | Financial Supporter | Company | A regional financial institution backing the Piemonte Next Fund. |
| Umberto Palermo | Designer | Person | Lead designer and project head of Mole Urbana. |
| Gian Mario Spacca | Regional Advocate | Person | Former governor of Marche region, supporting the investment in Mole Urbana. |
| Mario Alparone | Finance Executive | Person | Director of Finpiemonte, involved in the financing arrangement for Mole Urbana. |