Electric vehicle (EV) startup Tera Technologies has announced a crowdfunding campaign on Seedrs to support its bold vision for the future of electric mobility that begins with the MiracleONE, an EV that it says merges “forward-thinking design with sustainable innovation.” The company’s unique selling proposition is a patent-pending system of detachable batteries that unlock “unprecedented” range capabilities.

Based in Duillier, Switzerland, the EV company was co-founded in 2022 by Yoann Loetscher and Luca Placi dedicated to the advancement of sustainable personal transportation.

“When we built the MiracleONE, we didn’t just want to build another electric vehicle,” they said in a joint statement. “We believe that a truly sustainable future for mobility needs us to press the reset button and rethink what’s important to people. We realized that range is the greatest barrier to widespread adoption; we needed to find a way to enable people to get not just from A to B, but from A to Z. The MiracleONE is the first major milestone in our journey to realize this vision, and our range extension system is primed to transform how people think about electric travel. The Seedrs campaign is an opportunity for investors to join us in making this dream a reality.”

The founders have been living the sustainable-mobility dream since 2014, when they created an electric race car team while in college under Bern Formula Student, a non-profit organization that takes part every year in the Formula Student championship. Success in electric student racing led the founders to create what they say was the first electric mini-four-wheeler LEV (light electric vehicle) sharing service called Enuu AG.

Flying under the radar in 2022 and Q1 2023, they built road-drivable prototypes for Tera’s first two products, the MiracleONE and the upcoming MiracleTWO. During that time they also built the first prototype of their range extenders, helping them reach the proof-of-concept stage.

The MiracleONE’s unique architecture features two independent battery systems. The maximum WLTC estimated range is 290 km (180 mi) with long-range batteries. The car’s built-in battery pack can be conventionally charged at home or at any standard charging station. Each of the four 9-kg (20-lb) range extenders in the trunk provide 20 km (12 mi) of extra range.

Tera says that its unique range-extension technology offers a rental model for extra range when needed, creating a recurring revenue stream and enhancing user flexibility. The range-extending batteries can be charged at home, at work, or swapped at an envisioned network at supermarkets, train stations, or even gas stations.

Built on an up-cycled Citroën platform, the 795-kg (1750-lb) MiracleONE has four seats and a trunk volume of 200 L (7 ft³). Its electric traction motor produces 30 kW and 250 N·m (184 lb·ft) for 0-100 km/h (0-62 mph) acceleration in 4.8 s and a top speed of 120 km/h (75 mph). The car has screens for driver instruments, central infotainment, and side-view mirrors.

Tera is planning to sell the first 55 limited edition Swiss-made MiracleONE vehicles starting at CHF 26,925, with production is set to kick-off in Q4 2023. Through the Seedrs campaign, the company is offering 4.35% equity, at a share price of £3.74, and a pre-money valuation of £4.4 million. A waiting list for the MiracleONE is at https://www.tera.technology/waiting-list.

In 2024, Tera plans to launch its MiracleTWO model to be sold online and offline, increasing its reach to customers.