Ghent-based MobilityPlus, a company in the European electric vehicle (EV) charging market, has raised €40M in funding.
The investment came from Suma Capital through its Climate Impact Fund III, which invests in energy transition projects in Europe. Existing investor Concentra has also increased its investment.
The funds will help MobilityPlus expand its services in Belgium and France by providing complete charging solutions for businesses and real estate clients. This will assist companies in shifting to electric mobility, achieving their carbon reduction goals, and improving the charging experience while saving costs.
One-stop shop for smart charging solutions
Founded in 2016, MobilityPlus provides business-to-business (B2B) charging solutions for electric vehicles (EVs). The company has an all-in-one app for EV drivers and a platform that helps businesses track charging data and energy use.
With over 15,000 charging points in Belgium and France and access to 550,000 charging stations across Europe, MobilityPlus also offers 24/7 support.
The company has also introduced a Charging-as-a-Service model that allows businesses to install charging infrastructure without upfront costs, providing a flexible service for employees and customers. This model requires significant investment, making partnerships with infrastructure funds like Suma’s Climate Impact Fund III important for their growth.
Suma Capital, a strategic partner
Suma Capital, founded in 2007, is an independent asset manager that leads in green transition investments. The firm focuses on sustainability through three programs: Venture Capital, Growth Capital, and Sustainable Infrastructures.
This investment in MobilityPlus comes from SC Climate Impact Fund III, which is managed by Suma Capital. This fund is an Article 9 fund that finances projects aimed at transitioning to a low-carbon economy and is supported by the European Union through the InvestEU fund.
Suma’s investment will help MobilityPlus expand its charging portfolio in the B2B and electric vehicle (EV) fleet markets.
Ruperto Unzué and Jérôme Petitjean, Partners at Suma Capital, say, “The company has an impressive track record of innovative charging solutions, sustainable growth and a solid customer base. We are excited to support their further expansion to decarbonise transport and mobility.”
“Our investment will consolidate the company’s business development and finance Charging-as-a-Service projects for customers. Our goal is to foster economic growth with a positive impact on both the environment and society, and MobilityPlus fits perfectly with that vision.”
Jean-Francois Cheyns, founder and co-CEO of MobilityPlus, adds, “This capital injection is essential to further expand our technological lead and improve our smart charging solutions.
We continue to focus on improving the user experience through the development of innovative technologies and advanced energy management systems. This allows companies to reduce their charging costs while complying with increasingly stringent regulations, strengthening our position in the B2B market and increasing our impact on sustainable mobility.”
Expansion in France
MobilityPlus plans to set new standards in the electric vehicle (EV) charging sector. The company will grow in Belgium as well as focus on expanding its activities in France, targeting the B2B market and real estate customers to provide fully integrated charging solutions.
Kris Pensaert, co-CEO of MobilityPlus, says, “In a rapidly evolving market, standing still is not an option – and organic growth alone will not be enough. Our customers want to focus on their core business and rely on MobilityPlus for a seamless, worry-free charging experience.”
“They are looking for more than just charging solutions; they need a partner that provides comprehensive support, from engineering, infrastructure and real-time data insights to intelligent energy management. That’s why we transformed our offering into the all-in-one MobilityPlus eXperience. This platform encompasses the EV Driver and EV Charging experiences, delivering intelligent charging control, cost savings and complete peace of mind.”
“With Suma Capital as our strategic partner, we are ready to accelerate this transformation, allowing our customers to focus on what they do best, while we take care of the rest.”
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Publish date : 2024-10-25 02:28:00
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The post Belgium’s MobilityPlus raises €40M from Suma Capital, others first appeared on Love Europe.
Author : love-europe
Publish date : 2024-10-25 17:18:27
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