MobilityPlus, a company that provides charging solutions for electric vehicles, has secured €40 million (~$43 million) in funding from Suma Capital through its Climate Impact Fund III, an Article 9 fund for European energy transition investments. Previous investors, such as Concentra, also participated in the funding.
The funds will be used to expand its EV fleet charging portfolio and grow its charging network in Belgium and France. MobilityPlus currently operates over 15,000 charging points in these countries and offers access to 550,000 roaming charging stations across Europe, according to the company.
MobilityPlus said that it has also launched a charging-as-a-service model, which assumes investments in charging infrastructures with no upfront costs for clients to offer flexible and efficient service for employees and customers.
“We continue to focus on enhancing the user experience through the development of innovative technologies and advanced energy management systems. This allows companies to reduce their charging costs while meeting increasingly strict regulations, strengthening our position in the B2B market and amplifying our impact on sustainable mobility,” says Jean-Francois Cheyns, founder and co-CEO of MobilityPlus.
According to Mercom’s 9M and Q3 2024 Funding and M&A Report for Energy Storage and Smart Grid, venture capital funding for Energy Storage companies in 9M 2024 came to $2.7 billion in 61 deals, a 69% decrease year-over-year compared to $8.6 billion in 68 deals in 9M 2023.
AmpUp, an electric vehicle charging platform company, recently secured $15 million in Series A funding. Touchdown Ventures led the funding round. Additional new investors included Autotech Ventures (Autotech) and MUUS Climate Partners (MUUS).
