Fresh capital for Share your BICAR

Share your BICAR AG obtained the funds from Urs Horat, a Swiss investor and the founder of Compona AG, 2 EU development projects, and other partner companies. The funds will enable the startup to bring the project closer to its market release. The first BICARs are scheduled to enter the market early next year.

"I believe in electromobility. BICAR is exactly the right solution for short distances, and the fun factor is also extremely high", said Horat.

Share your BICAR AG is a spinoff the ZHAW Zurich University of Applied Sciences founded by two ZHAW engineers, Adrian Burri and Hans-Jörg Dennig. Their core product is the BICAR, a three-wheeled, zero-emissions, and sustainably produced small electric vehicle, which, thanks to its special design and newly developed tilt mechanism, protects the driver from wind and rain, and provides optimum safety even on slippery surfaces.

The BICAR is the intermediate step between a bike or scooter, on the one hand, and a car, on the other. When used as a shared mobility solution, it can offer individual mobility without sacrificing comfort to a wide range of users.

Currently, six engineers and an industrial designer are working closely with the ZHAW School of Engineering to finish development of the vehicle. The market gap for an efficient shared mobility solution is large, which helped the development gain backing from two EU-financed development projects. The aim of both projects is to get the vehicle ready to be released to market so that it meets the requirements for EU registration.

The founders are also in close contact with various Swiss and European cities. The latter are all looking for space-saving, environmentally friendly mobility solutions that make it possible to reduce private car traffic in city centers and offer the urban population a better quality of life. Numerous Swiss firms and transport companies have already concluded partnerships to offer sharing services.

(Press release/ran)