Polar Night Energy Raises $8.1 Million in Seed Funding

Enapi, a provider of EV charging solutions, announced the closing of its €2.5 million (~$2.7 million) pre-seed funding round provided by Project A Ventures, Seedcamp, and HelloWorld.

The company facilitates connections between charge point operators and entities that are developing and providing digital charging solutions for consumers and businesses. The Enapi Transaction enables EV charging transactions using the OCPI standard to ensure seamless charging station connectivity.

“The EV charging infrastructure is broken. Enapi plays a pivotal role in enabling charge point connectivity and creating streamlined collaboration to improve the way we charge our electric cars. Enapi serves a large addressable global market of electric vehicle charging transactions, helping to deliver a better EV driver experience and thus fueling the green mobility revolution,” said Jakob Kleihues, co-founder and CEO of Enapi.

With the new funds secured, the company plans to expand its network, enhance the data quality on the platform, and build clearinghouse functionalities to enable charge point connectivity at scale.

“Over the next 10 years, we have to build out the green equivalent to our petrol station network, all the while not falling prey to copy/paste approaches which don’t take into account the intricacies of ICE vs EV. Enapi is building the unified API for EV charging and removing friction for all parties in the charging world to communicate seamlessly with each other,” said Kate McGinn, Seed Camp.

According to Mercom’s Annual and Q4 2023 Funding and M&A Report for Storage & Smart Grid. VC funding in the Smart Grid sector decreased 55% YoY, with $1.5 billion in 47 deals in 2023 compared to $3.3 billion in 46 deals in 2022.

Powerdot, a provider of EV charging solutions, announced the successful closing of a €100 million (~$108 million) follow-on capital raise led by Antin Infrastructure Partners and Arié Group.