WATT Car Industries
Two-seater Electric Urban Vehicle
Company Overview
Snapshot
Founded in September 2018 by Ran Quantz and Amos Cahan, WATT Car Industries operates with 1–10 employees. The company has raised $400,000 across one funding round. WATT is developing a unique urban transportation vehicle, a capsule in the shape of a large wheel designed for two passengers, with a prototype expected to debut in approximately two years from November 2020.
Business overview
WATT Car Industries specializes in urban mobility solutions, focusing on a two-seater electric urban vehicle platform designed for city driving. This platform emphasizes safety, space efficiency, ride comfort, ease of parking, and aesthetics, integrating elements from various transportation modes to create a compact urban transport option. The company addresses the challenges of global urbanization and underutilized traditional vehicles by offering a lighter, more energy-efficient alternative. WATT's solutions target consumers, transportation and logistics, government and city, and defense, safety, and security sectors, operating within the Automotive & Mobility Technologies and Climate Tech sectors, specifically urban mobility and eco-efficient electric vehicle infrastructure.
Strategic signal
In November 2020, WATT Car Industries was reported to be developing a unique urban transportation vehicle, a two-seater capsule resembling a large wheel. This initiative signals the company's commitment to innovation in urban mobility and its potential to disrupt traditional transportation models by offering a compact, efficient, and environmentally conscious solution for congested city environments. For investors, this highlights WATT's strategic focus on addressing future urban challenges and its potential for growth in the evolving electric vehicle market.
Log in to access full profile ›Company Intelligence Q&A
- When was WATT Car Industries founded?
- WATT Car Industries was founded in September 2018.
- Who are the founders of WATT Car Industries?
- The co-founders of WATT Car Industries are Ran Quantz and Amos Cahan.
- What is WATT Car Industries' primary product?
- WATT Car Industries offers a two-seater electric urban vehicle designed for city driving, prioritizing safety, space efficiency, ride comfort, ease of parking, and aesthetics.
- What is the climate impact of WATT's vehicle design?
- The WATT EV, weighing approximately 500kg, significantly reduces greenhouse gas emissions compared to traditional sedans. It offers an estimated GHG reduction of about 3,000 pounds compared to an all-electric sedan and approximately 10,000 pounds compared to a gasoline-powered vehicle, primarily due to decreased energy requirements for its lighter weight.
- What was a significant development for WATT Car Industries in late 2020?
- In November 2020, WATT Car Industries was actively developing a unique urban transportation vehicle, a two-seater capsule, and was in the process of raising investment, with a prototype expected to debut in approximately two years.