Laurin Hahn is creating a new world of mobility. His electric car startup is unique and well-timed to participate in the big changes happening out there.
So far they’ve raised tens of millions of dollars, and have become known for pulling off one of the most successful crowdfunding campaigns so far. During our recent interview on the DealMakers Podcast he shared how he got started, what’s different about his company’s solution, how they pulled together to create wins against the odds, and his top tips for other new founders.
Born in Munich
Laurin was born and raised in Munich, Germany. A place on the map which has definitely been rising as a startup hub, enjoying a growing startup ecosystem, more capital and a frequent first stop for those newer companies who are making their initial international expansions.
While his parents were not founders, his older brothers are both entrepreneurs. They were certainly an inspiration and were able to download to him a lot of their experience in managing and starting companies.
In fact, Laurin started his first company with his brothers when he was just 17 years old. He counts that as the first step on his entrepreneurial journey.
Yet, even then he knew he wanted to start his own venture.
Even back at 15 years old Laurin Hahn was passionate about the environment. He was very interested in green tech and what he could do about fighting climate change. The burning of fossil fuels is obviously one of the big factors in climate change. He and a long time friend wanted to take matters into their own hands and do something about it. Electric vehicles seemed to be a great solution. They could have the potential to reduce our dependence on crude oil and fossil fuels.
Before Tesla was being produced they began to explore their ideas of what the perfect electric car would look like. They considered all the hurdles, and especially those to consumers buying electric vehicles.
They boiled this down to design, price, infrastructure, and range. They came up with a design that is family-friendly, only costs $25,000, can run 250 kilometers without stopping to charge and even has solar built into the car body. It even integrates power, car, and ride-sharing.
Tired of just talking about it, Jona and Laurin decided to start taking action. Jona had a small single car garage, and that’s where they began building their prototype.
As with everything else in life and startups, their final prototype took a lot longer to complete than expected. It took three years instead of just six months.
This was the time when all of his peers were going to university. Laurin’s parents thought they were just tinkering around in the garage like a hobby. So, they pressured him into going to college to just learn something. He agreed. He signed up to study electrical engineering. He quit after the first day.
He had instantly realized that he would be losing four years of his life. Only to come out without any more ability to make this happen than he already had.
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