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Squad Mobility

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The Squad Solar City Car is a self-charging, compact solar EV for affordable, sustainable urban mobility.

116%
 - 
Funded 26 Mar 2026
€100,002 target
€120,319 from 139 investors
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Business overview

Location Breda, Netherlands
Social media
Website www.squadmobility.com
Sectors Automotive & Transport Non-Digital Mixed B2B/B2C
Company number 94496218
Incorporation date 18 Jul 2024
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Investment summary

Type Equity
Valuation (pre-money) €16.9M
Equity offered 0.69%
UK tax relief N/A
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Business highlights

  • 5300+ pre-orders worldwide, avg. pre-order fee €50
  • 300+ interested distributors worldwide
  • 4 patents granted, more in development pipeline
  • EU Horizon project with Toyota, Renault, and Valeo
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Key features

  • Secondary Market
  • Nominee investment min. €22.48 +
  • Direct investment min. €20,000.00 +

Pitch

About the Campaign

Squad is the world’s first Solar City Car. Affordable, sustainable, solving urban emissions, congestion, and parking. Backed by the EU, designed for shared and private use, and with 5,300+ pre-orders, it’s positioned for rapid growth in worldwide sustainable (sub)urban mobility.

Market Opportunity

EU cities currently have more than 500 low-emission zones and are banning petrol cars. Squad Mobility offers an affordable and sustainable Solar City Car that runs fully on solar energy for nearly 90% of the world population, accelerating a transition to clean urban mobility and reducing emissions

Traction & Key Accomplishments

We acquired more than 5300 pre-orders with an average pre-order fee of €50. We have huge interest worldwide, from the US, EU, UAE and GCC, the tourism industry, university and business campuses, hotels and resorts, gated communities and more. Over 300 potential distributors worldwide have reached out to us. We generated hundreds of articles and millions of views. For more than a year, we have been part of GIANTS, a large €12m EU project with 22 partners including Toyota, Renault and Valeo.

Use of Funds

We are currently finishing engineering and development of the Squad towards production. We are building, validating and homologating 4 final 'production intent' prototypes where all engineering, assemblies and parts are developed towards the mass production stage and within the cost targets.

Investors Perks

> €500 investment
€40 voucher
Access to the Squad Founders Club with
Limited Edition founders club T-shirt

> €1.000 investment
€100 voucher
Access to the Squad Founders Club with
Limited Edition founders club T-shirt and
VIP-event with founders

> €5.000 investment
€600 voucher
Access to the Squad Founders Club with
Limited Edition founders club T-shirt and
VIP-event with founders
Mention on Wall of Impact page on the Squad website

> €10.000 investment
€1500 voucher
Access to the Squad Founders Club with
Limited Edition founders club T-shirt and
VIP-event with founders
Mention on Wall of Impact page on the Squad website
Behind the scenes visit to Squad Mobility with the founders

(Please note that any discounts, rewards and/or offers listed by a company in its campaign are subject to the terms and conditions applied by that company. It is the company’s responsibility to honour such discounts, rewards and/or offers and Republic Europe does not take any responsibility for them.)

Key Information

Key information investment sheet

Key Investment Information Sheet is available by downloading the following documents:

Outstanding Convertible Loans

The company has the following outstanding convertible loans, which may convert to equity after this round and dilute existing shareholders:

1. €250,000 loan from Bloomit, with the following key terms:
Interest rate: 8%
Conversion trigger: (i) a €500,000 Qualified Financing or (ii) a Take-Over.
Conversion price: the lower of (i) the price paid per Share in the Qualified Financing minus 30% Discount, and (ii) the Valuation Cap divided by the Fully Diluted Capitalization immediately after the closing of the Qualified Financing or the Take-over but prior to the conversion
Valuation Cap: €3,500,000
Share class: A Ordinary
Repayment date: 8/03/2027

2. €300,000 loan from Bloomit, with the following key terms:
Interest rate: 8%
Conversion trigger: (i) a €1,000,000 Qualified Financing or (ii) a Take-Over.
Conversion price: the lower of (i) the price paid per Share in the Qualified Financing minus 30% Discount, and (ii) the Valuation Cap divided by the Fully Diluted Capitalization immediately after the closing of the Qualified Financing or the Take-over but prior to the conversion.
Valuation Cap: €10,000,000
Share class: A Ordinary
Repayment date: 7/10/2027

3. €15,000 loan from an advisor, with the following key terms:
Interest rate: 6%
Conversion trigger: (i) a €500,000 Qualified Financing or (ii) a Take-Over.
Conversion price: the lower of (i) the price paid per Share in the Qualified Financing minus 20% Discount, and (ii) the Valuation Cap divided by the Fully Diluted Capitalization immediately after the closing of the Qualified Financing or the Take-over but prior to the conversion.
Valuation Cap: N/A
Share class: B Ordinary
Repayment date: the company intends to repay this loan before the completion of this funding round.

Share Classes

The Company currently has two classes of shares, Class A Shares and Class B Shares.

All investors in this round, including Republic Europe investors, will receive Class A Shares.
Holders of Class A Shares will receive voting rights (one vote per share) and dividend rights. Holders of Class B Shares will receive dividend rights, but do not hold voting rights.

On a liquidation, return of capital or exit, the proceeds will be distributed to each share class pro rata in proportion to the nominal amount of their shareholding.

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Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Only shareholders can access this page

If you successfully purchase a share lot of this business, you will be granted access.

Buy shares

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This campaign for Squad Mobility has been approved by Seedrs Limited (trading as Republic Europe) ("Republic Europe", "us" or "we"), as of 19 November 2025 as a financial promotion. Republic Europe is authorised and regulated by the Financial Conduct Authority with firm reference number 550317. In approving this campaign, Republic Europe has concluded that the information, taken as a whole, is "fair, clear and not misleading." This means that for factual statements we have reviewed evidence of their accuracy, and that for aspirational statements we believe they are phrased appropriately in light of their speculative nature. You should note that in the case of factual statements, the evidence we review is provided by the business, and we do not audit it, which means that we may not be able to identify forged or altered evidence. You should further note that in the case of aspirational statements, the nature of the type of businesses presented on the Republic Europe platform is such that they are likely to have high ambitions, and we may approve statements that convey those ambitions even where we do not believe, or we do not have a view on whether it is likely, that they will be fully realised. The pre-money valuation and investment sought in the campaign are those set by the business: they are not reviewed or established by us, and the valuation is not an independent view of what the business is worth. Given the nature and type of businesses presented on the Republic Europe platform, it is possible that the business has very little cash remaining prior to receiving this investment, and the investment sought may be necessary for the business's on-going existence.

Republic Europe does not make investment recommendations to you. No communications from Republic Europe, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Republic Europe does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Republic Europe, you should consult a professional adviser.

Tax Relief (SEIS)

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Tax Relief (EIS)

This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.

Valuation (pre-money)

Valuation rounded from €16,873,072

This is the fully-diluted pre-money valuation of the business (i.e. before the new investment comes in and including issued options and other equity interests). In contrast, the post-money valuation is based on inclusion of the new investment in the value.

It is calculated as the pre-money valuation plus the amount of new investment. e.g. If Company A is ascribed a pre-money valuation of £1,200,000 by prospective investors investing £300,000, its post-money valuation is £1,500,000.

The investee business is responsible for setting its own valuation, it has not been prescribed by Republic Europe.

Pitch type

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Learn more about pitch type on Republic Europe

Equity Offered

The equity offered is the percentage of the company’s shares being issued in return for the amount of investment raised.

When the amount raised is less than 100%, the equity offered is based on the target raise. Once the company has raised over 100% it is based on the total raised.

In some scenarios, entrepreneurs may accept additional direct investment after closing their Republic Europe campaign. Provided this is within 6 months of the closing and on the same terms, we do not typically offer pre-emption rights on that extra investment (where you have the opportunity to invest again to maintain your percentage shareholding).

Learn more about investing and pre-emption rights.

Nominee investment

This shows if you are able to choose, when making an investment, that you be represented by, and your shareholding be managed by, the Nominee investment.

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Custodian

If you invest in this Campaign, Republic Europe will act as Custodian rather than provide our standard nominee service. This is due to the fact that the business is not directly involved in the share sale and Republic Europe will not benefit from any rights under a shareholder agreement. As a result, Republic Europe will handle administrative tasks as we do normally, but you will not have information or voting rights, updates from the business, preemption on future fundraising, or ongoing support about business trading activity.

Learn more about Custodian here

Secondary market

This shows if the business has opted-in or opted-out of allowing its shares to be bought and sold on the secondary market.

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Direct investment

If available, this is an option to invest and hold shares 'directly' in the company (rather than via the Nominee investment). This option is only available to those investing over the threshold amount, which is determined by the fundraising company.

If you choose to hold your shares directly, you will be responsible for any contractual or administrative arrangements with the company you are investing in.

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Payment options

We are not able to accept card payments for investments into this sector. You can pay for your investment by creating a bank transfer, using funds in your investment account or create a Pay by Bank payment. Your investment will only be completed once the funds have reached our account.

Business Involvement

This Campaign offers shares for sale in business that is not directly involved in this Campaign or the sale. As a result, the Campaign and post-investment experience, including investor rights, will differ from a business-led campaign on Republic Europe. Most notably, the business will not engage with investors in the discussion forums both during and after the sale or provide any updates to investors.

Learn more here

Payment options

We are not able to accept Pay by Bank payments for investments into this sector. You can pay for your investment with a card payment, by creating a bank transfer or by using funds in your investment account. Your investment will only be completed once the funds have reached our account.

Drawdowns

This campaign offers the ability to pay for an investment by drawdowns.

Security Token

A security token is a digital asset that represents ownership or other rights. It is a digital form of traditional investments. In the future, you may be able to trade your investment through compatible exchanges.

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