Ex-Opel CEO Karl-Thomas Neumann joins LA-based Evelozcity EV start-up

Ex-Opel CEO Karl-Thomas Neumann joins LA-based Evelozcity EV start-up

According to recent reports, Karl-Thomas Neumann has joined Los Angeles-based electric vehicle (EV) start-up Evelozcity, and will be in charge of mobility at the company. His key responsibility at Evelozcity will be to explore innovative concepts like integrating blockchain technology.

Neumann is the ex-CEO of General Motors Germany-headquartered division Opel. He left Opel nearly a year back, when the company was taken over by French automaker PSA.

Evelozcity EV start-up was founded by two former senior BMW executives -- Stefan Krause and Ulrich Kranz -- in December 2017. Krause was formerly the finance chief at BMW, while Kranz was involved in developing BMW’s ‘i series’ of vehicles.

In founding Evelozcity EV start-up, Krause and Kranz focused mainly on two things: designing of reasonably priced EVs; and deployment of the start-up’s vehicles for personal use, ‘last-mile delivery’, as well as ride-sharing purposes.

Against the backdrop of Evelozcity’s key focus areas, Neumann said in a press release on Saturday that he has decided to join the start-up because it “reflects his beliefs of what is required.” Further highlighting the need for “new transportation concepts and e-mobility to free cities of traffic and pollution,” Neumann added: “I have looked at many options and believe that the traditional carmakers will not be driving the change.”

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