Swiss electric car maker Piech Automotive hires former Volkswagen CEO

The Swiss EV company aims to raise funds to launch an electric two-seater sports car equipped with batteries that can charge to 80% capacity in under five minutes.
By
| Updated on: 19 Oct 2020, 03:21 PM
Volkswagen ID.4 sports utility vehicle (SUV). (Bloomberg)
Volkswagen ID.4 sports utility vehicle (SUV). (Bloomberg)

Swiss electric car start-up Piech Automotive AG appointed Matthias Mueller, the former chief executive of Porsche and Volkswagen, as its new chairman, the company said on Monday.

Founded by Anton Piech, son of ex VW chairman Ferdinand Piech, the Switzerland-based company is preparing to raise funds to launch an electric two-seater sports car equipped with batteries that charge to 80% capacity in under 5 minutes.

Similar Cars

Find More Cars
Hyundai Kona Electric (HT Auto photo)
Hyundai Kona Electric
cc | Electric | Automatic
₹ 23.79 Lakhs*Onwards
Volkswagen Polo (HT Auto photo)
Volkswagen Polo
999 cc | Petrol | Manual
₹ 5.83 Lakhs*Onwards
Volkswagen Vento (HT Auto photo)
Volkswagen Vento
999 cc | Petrol | Manual
₹ 10 Lakhs*Onwards
Volkswagen Taigun (HT Auto photo)
Volkswagen Taigun
999 cc | Petrol | Manual
₹ 10.49 Lakhs*Onwards
Volkswagen T-roc (HT Auto photo)
Volkswagen T-roc
1498 cc | Petrol | Automatic (Dual Clutch)
₹ 21.35 Lakhs*Onwards
Volkswagen Tiguan Allspace (HT Auto photo)
Volkswagen Tiguan Allspace
1984 cc | Petrol | Automatic (Dual Clutch)
₹ 33.13 Lakhs*Onwards

"I was immediately enthusiastic about the mission of the two founders, because it is more compelling and more visionary than all the new approaches I have encountered during my work in the automotive industry," Mueller said.

The electric sportscar will have a range of up to 500 kilometres (311 miles), and the first planned vehicle concept will be available to buy at the end of 2022.

The Zurich-based company also hired Jochen Rudat, a former Tesla executive, as head of sales.

Among the company's early-stage investors is Peter Thiel, the carmaker said. Swiss bank UBS will leading the next funding round, Piech Automotive said.

First Published Date: 19 Oct 2020, 03:21 PM IST
NEXT ARTICLE BEGINS

Provide some basic details and Get Personalized offers for

Choose city
+91 | Choose city
Choose city
Choose city
By clicking VIEW OFFERS you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city