Monta, a Copenhagen, Denmark-based operating platform powering the EV charging ecosystem, closed an €80M Series B funding.
The round, which brought the total amount to €130M in just three years, was led by Energize Capital, GreenPoint Partners and Denmark’s state-backed Export and Investment Fund. The Series B also included participation from returning investors Headline, byFounders, AENU and Creandum and new investor, Quantum Light.
The company intends to use the funds to double down on its ecosystem strategy by strengthening investments in product R&D, expanding its partner network across all markets.
Led by CEO and Founder Casper Rasmussen, Monta is accelerating the electrification of mobility through its EV charging platform, which serves hardware manufacturers, operators, businesses and EV drivers with one integrated software solution. Since its founding in 2020, the company has become the de facto hub for simplifying and streamlining the deployment, use, and management of EV charging infrastructure for businesses and operators. Its platform also assists hardware manufacturers in optimizing their products by enabling them to benchmark charge point brands, provide insights into usage and performance, and speed up troubleshooting and maintenance time. In addition, EV drivers can use Monta’s software to charge on 600.000+ charge points across Europe.
Commenting on the news, Casper Rasmussen said: “Our differentiator is that we take on the entire value chain of the EV charging market – from the grid to hardware to business and drivers – with a tool that streamlines and simplifies charging operations for all participants, bridging the gap between energy providers and end users. With one million monthly charging sessions and 130,000 charge points on the Monta platform, our growth is a testament to this market nearing an inflection point, and we’re thrilled for the support from Energize and all our investors to help us further our mission of democratizing mobility electrification.”
FinSMEs
23/01/2024