Clean Motion
Clean Motion develops and sells lightweight electric vehicles for urban mobility and specialized commercial use. Its EVIG platform is configured for applications such as utility work, memorial services, event use, and last-mile delivery, with sales and distribution primarily in Europe and selected international markets.
Fiscal year 2025 · change from previous year
Development 2023–2025
Business
Share of revenueModular lightweight electric vehicles configured for multiple urban-use cases.
Three-wheeled electric vehicles sold or licensed for selected markets.
Software and connectivity features that add fleet and user functionality.
Technology and production-related agreements tied to local market access.
Customers
Clean Motion sells to organizations that need compact, low-energy vehicles for short-distance transport in cities and controlled environments. Core buyers include municipalities, public-sector leasing entities, logistics operators, funeral service providers, and facility-management customers. The company also works with distributors and partners that help bring EVIG into new countries and niche applications.
Buy EVIG Utility for city operations, property upkeep, and service tasks.
Buy EVIG Memorial for quiet, compact transport in cemetery and service settings.
Buy EVIG Delivery for last-mile and urban distribution use cases.
Buy EVIG Utility for maintenance, inspection, and site transport.
Buy EVIG Event for mobile shop and promotional applications.
Strategy
Clean Motion is focused on building demand around EVIG by tailoring the vehicle to distinct urban-use segments rather than a single generic fleet category. The company is also expanding through distributors, framework agreements, and strategic partnerships to improve market access and local execution. EU project funding and product development remain important supports for commercialization and platform development.
Different use cases improve product-market fit and sales relevance.
Local partners help reach new markets and reduce direct sales friction.
Reference customers support credibility in fleet procurement.
Connectivity and specialized configurations can differentiate the platform.
Geography
Clean Motion is rooted in Sweden and sells across Europe through direct sales, pilots, and distributors. Reported activity includes Sweden, Finland, Spain, the Netherlands, France, Denmark, Switzerland, Germany, and Austria, with additional partnership activity aimed at the Gulf region and India. Geography matters because the business depends on local homologation, distributor coverage, and city-specific fleet adoption.
Risks
Clean Motion faces execution risk because demand for niche electric vehicles can be uneven and dependent on pilots converting into repeat orders. The business is also exposed to financing risk, distributor dependence, and the need to secure approvals, partnerships, and local market access in each country. Broader industry pressure in the European automotive supply chain and competition from alternative light-vehicle solutions can affect timing, pricing, and scale.
- Demand conversion riskImpact: HighLikelihood: High
The business relies on pilots, reference orders, and niche use cases turning into repeat purchases.
Exposure - Financing dependenceImpact: HighLikelihood: High
Development and commercialization require ongoing external funding support.
Exposure - Supply-chain and industrial pressureImpact: MediumLikelihood: Low
Light-vehicle production depends on component availability and manufacturing reliability.
Exposure: European automotive supply chain
- Distributor concentration and partner executionImpact: Medium
Market access in several countries depends on local distributors and strategic partners.
Exposure - Regulatory and homologation riskImpact: Medium
Vehicles must meet local classification and approval requirements before sales can scale.
Exposure: Country-by-country market entry
Accounting
Judgemental itemsSales depend on shipment, acceptance, and contract terms with customers or distributors.
Impact: Can shift revenue between quarters and affect reported growth
EU Horizon and other project receipts may be recognized over time or against costs.
Impact: Affects operating income and timing of other income
Vehicle platform and software investments may be capitalized and later tested for recoverability.
Impact: Can create non-cash charges if expected cash flows weaken
Loan conversions, warrants, and directed issues can require valuation judgments.
Impact: Affects equity, finance costs, and dilution
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Last updated: 24/09/2026