Deutsche Post DHL Group has sold the rights to produce its StreetScooter electric vehicles to international consortium Odin Automotive.
The deal for StreetScooter Engineering includes the intellectual property for the D17 and D20 vehicle models as well as the two wholly owned subsidiaries in Switzerland and Japan. In addition, Deutsche Post DHL Group will become a minority shareholder in Odin.
With the sale of StreetScooter Engineering, Odin Automotive will become the official manufacturer of StreetScooter electric vehicles and continue to produce both StreetScooter models.
StreetScooter GmbH and its existing 300 employees will continue to act as a supplier of vehicle parts and batteries for the group’s planned fleet expansion to 21,500 StreetScooter vehicles. Thereafter, StreetScooter GmbH will focus exclusively on servicing and maintaining the existing fleet. The group currently operates more than 17,000 of the electric vehicles, which were developed specifically for last-mile mail and parcel delivery.
Odin Automotive is backed by several institutional and private global investment partners, including Sparta Capital Management in the UK, a major Chinese OEM and a partner for contract manufacturing in North America.