HomeFundingBerlin-based ubitricity raises €20 million in Series C funding for its mobile...

Berlin-based ubitricity raises €20 million in Series C funding for its mobile electric vehicle charging solution

Berlin-based ubitricity has developed a mobile smart electric vehicle charging solutions, which allows local authorities, real estate owners, fleet and fuel card operators as well as end-users to benefit from significantly lower charging infrastructure costs, and reduces the need for dedicated charging spots.

Founded in 2008, ubitricity has now raised a €20 million Series C funding round from existing shareholders including EDF and Next47 (venture capital arm of Siemens AG), as well as the Honda Motor Company.

“With Honda Motors, we have another strong collaboration partner on board who shares our vision of a smart electric vehicle which brings with it the essential technology to charge and bill clean power and smart charging services,” said Dr. Frank Pawlitschek, CEO and co-founder of ubitricity.

ubitricity_charging_stationThe new funding will be used to accelerate the roll-out of charge points, in particular retrofitted lamppost charge points and real estate installations across the UK, Germany, France, and USA. In conjunction, the technology will be further developed for the mass market expected from 2020, and the prerequisites for services across the entire spectrum of V1G and V2G will be created.

The company has made significant progress in developing its technology, its market presence and its market access. Furthermore, ubitricity’s role in Germany’s clean air program is driving the installation of charge points in key cities, with more than 3,000 ubitricity charge points to be installed in Berlin, Hamburg and Dortmund. Success in the highly competitive ‘NYCx Climate Action Challenge’, leading to a pilot program in New York, has further proven the demand for the company’s products and technology.

“We are now putting charging stations right outside people’s front door, where millions of Europeans park their vehicle today, and at a time when more electric vehicles than ever are being sold.” said Knut Hechtfischer, co-founder of ubitricity.

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Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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