Spanish Startup Lupa Aims to Sell Electric Cars in Brazil

Written by Valdemar Medeiros

Published on 26/02/2021 at 12:40

Carro elétrico da Lupa

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Electric Cars From Startup Lupa Promising Affordable Prices And Cutting-Edge Technology

The Spanish startup Lupa announced its intention to build one of several planned electric car production units in Brazil. The factory is scheduled to begin operations in 2024. Among other things, the presented electric car and an electric delivery van will be built in Uruguay.

Electric Cars for All of Latin America With Startup Lupa

According to the statement from Startup Lupa, the new Uruguayan factory will serve the entire Latin American market, focusing on Mercosur countries (Brazil, Argentina, Uruguay, and Paraguay).

It is worth highlighting that the neighboring country is part of the select group of countries that have 100% energy supply from renewable sources.

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Lupa Motors Looking for Investors in Brazil

The CEO of the electric car startup Lupa Motors, Carlos Álvarez Córdoba, stated that the company’s models will be produced on a purchased platform, so to speak. As development costs are very high, they will use the general base of a brand, such as the electric base that VW is developing to sell to other companies.

To support the project, which includes a modern and efficient factory in Spain, Lupa Motors is looking for investors in Spain, the United States, and also Brazil, to move the company’s project forward. For now, Córdoba states that there are no state subsidies for his company and says he does not depend on that.

The company emphasizes that the E26 will have the differentiating factor of removable batteries. Thus, it will be possible to swap the pack or sell the car without the batteries to a second owner. The company also wants to invest in the home battery sector.

Spanish Startup Lupa Aims to Sell Electric Cars in Brazil

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