Amsterdam-based, Chargetrip has raised a €10 million Series A to fund its expansion into the US and to take its range prediction and EV routing technology in to the commercial fleets market.
The round was led by HSBC Asset Management and includes new investor Riverstone LLC, and existing investors, Blue Bear Capital, Vindeggen, and Axel Springer Porsche.
Chargetrip claims its API-based SaaS platform routes about 15% of Europe’s EVs by working with eMobility Service Provider (eMSPs), CPOs, and fleet operators. Customers include Sixt, Engie, Repsol, Norwegian Electric Vehicle Association (Elbil), Porsche, and ANWB.
The routing technology takes into account charger wait times, payment options, and weather.
“With this new round, we are doubling down to prove our technology doesn’t just tackle range and charge anxiety,” says Gideon van Dijk, CEO, “but it also slashes the costs for fleets that take the electrification plunge. Our goal is to make owning and operating EVs, privately or commercially, efficient, reliable, and seamless.”
HSBC Asset Management’s Climate Tech Venture Capital strategy invests in innovative early-stage technology companies that are enabling the de-carbonisation and de-pollution of industries.
“We are pleased to support Chargetrip on their Series A fundraise. As fleet operators and auto OEMs rapidly electrify their vehicles, Chargetrip’s routing and planning technology make charging intelligent, transforming the driver experience and optimising fleet operations. The future of electric powered fleets will not only be about building the charging infrastructure, but also orchestrating those fleets with new dispatching and telematics technology, which Chargetrip brings together,” says Christophe Defert, Head of Climatech Investments at HSBC Asset Management.