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Reading: City Transformer CT-2, one-seater EV targets Europe’s urban markets
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EV-a2z > News > City Transformer CT-2, one-seater EV targets Europe’s urban markets
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City Transformer CT-2, one-seater EV targets Europe’s urban markets

EV-a2zs
Last updated: 2023/01/30 at 10:46 PM
EV-a2zs Published January 30, 2023 3 Min Read
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City Transformer
City Transformer
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City Transformer, an Israeli electric vehicle (EV) startup, aims to begin manufacturing its small urban CT-2 model in Western Europe by the end of 2024. 

Contents
15,000 initial annual production City Transformer’s City modeMore opportunities for smaller EVs

The company announced Monday that it would soon release a Series B financing round to raise $50 million.

City Transformer to Launch CT-2 Electric Vehicle Production in Western Europe by 2024 – https://t.co/YHKzOgJLFn pic.twitter.com/f21ihlJUD9

— EVMagz – Electric Vehicles Magazine (@evmagz) January 30, 2023

15,000 initial annual production

According to CEO Asaf Formoza, the company, which has so far increased by $20 million, has selected a factory in Western Europe for an initial yearly production of 15,000 vehicles but has yet to disclose its location.

Formoza added that the supplemental funds raised by the startup should help accelerate succession production.

 

City Transformer’s City mode

The CT-2 has a range of 180 kilometers (112 miles) in “city mode” and is 1 meter (3.28 ft) wide. It’s already legal in the European Union and the United Kingdom. This allows it narrow enough even for four of them to fit into a traditional car parking slot, according to Formoza.

With tiny EV, City Transformer takes aim at Europe's urban markets https://t.co/9DfAK0O5zz pic.twitter.com/Is9i7oJPRZ

— CNA (@ChannelNewsAsia) January 29, 2023

However, in “performance mode,” the EV’s wheelbase expands to 1.4 meters, doubling its maximum speed to 90 kilometers (56 miles) per hour.

According to the company, the EV can seat two people in pairs and be used for last-mile shipments or other businesses.

The CT-2 weighs 450 kilograms (0.5 tons), which is smaller than the weight of a Tesla Model 3 battery.

Is there a reason a person like you or me feeds to maneuver in the city in a two-ton car and 600 kilograms of battery?

Asaf Formoza, CEO of CIty Transformer stated on CT-2’s size

More opportunities for smaller EVs

Formoza asserts that by moving away from smaller cars, major automakers have made room for startups like City Transformer. The CT-2 will cost 16,000 euros ($17,400) before taxes.

This #electric vehicle is one of the cheapest on EVs market, and it's the narrowest one. It's #two persons car, You need more? Ok, it's not for You, but who from home-job-home #commuters really need bigger car? https://t.co/5dj10WAc9E #electric #narrow #citytransformer #EV #small

— Przemyslaw Stroinski (@stroinskip) January 21, 2023

The B (small car) segment is vanishing because carmakers make more on SUVs, so there’s going to be a huge void that us and others will look to fill

Asaf Formoza, CEO of CIty Transformer stated on opportunities for smaller EVs

Formoza added that City Transformer is petitioning the EU for subsidies for smaller electric vehicles like the CT-2 that are presently available for larger models.

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TAGGED: Battery, City Transformer, Electric Vehicle, Europe, EV, Israel, Tesla, Tesla Model 3, UK
EV-a2zs January 30, 2023 January 30, 2023
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