WSS Redpoint advises the Bochum-based startup ANTRIC on a financing round of EUR 2.5 million by the Cenntro Electric Group.

ANTRIC is developing a cargo bike for last-mile parcel delivery. With the ANTRIC ONE vehicle and its delivery concept, ANTRIC is helping to make last-mile parcel delivery more sustainable, flexible and cost-effective.

Cenntro is a global leader in the development, manufacture and sale of fully electric vehicles for urban delivery traffic. Cenntro’s product portfolio ranges from last-mile delivery, urban logistics and city services to sustainable agriculture and grounds maintenance.

In addition to its investment, the Cenntro Electric Group will also play an active operational role at ANTRIC.

Together with the Cenntro Electric Group, ANTRIC will in future also be able to support customers internationally in implementing forward-looking city logistics.

On the current financing round, Peter Siedlatzek (corporate law) advised on behalf of WSS Redpoint.