The investment comes from venture capital firms Greencode Ventures, Link Capital, and Vireo Ventures. The funding will be used to advance the company's smart load and energy management platform for e-mobility.

With the growing adoption of electric vehicles (EVs) and the approaching bans on internal combustion engine cars, the urgency for installing commercial charging infrastructures worldwide increases. A significant challenge in this expansion is the limited capacity of energy grids, which struggle to meet the rising electricity demands due to the increasing number of EVs. FLEXeCHARGE addresses this issue with its innovative load and energy management software, crucial for preventing grid-upgrade backlogs that could leave EV charging stations powerless and ensuring efficient use of renewable energy in the European grid.

FLEXeCHARGE provides a solution in the e-mobility sector with its open platform that bridges EV charging hardware and charge point management systems. Its vendor-independent technology allows for the integration of AC and DC chargers into a single load management system, either locally or cloud-based. This platform helps charge point operators and charging solution providers reduce charging costs by integrating local renewable energy sources, storage systems, and flexibility markets.

FLEXeCHARGE's platform also promotes operational independence and efficiency, allowing users to connect to any software or hardware. This flexibility facilitates better energy purchasing decisions. The company has already made notable strides, such as assisting team energie in Germany with peak shaving strategies and aiding Lade.ZEIT in making more informed energy and load management decisions.

The seed funding will enable FLEXeCHARGE to build an advanced load and energy management platform for large-scale, commercial charging sites, which is essential for the successful rollout of EV charging infrastructure. The company plans to bring residential market innovations into commercial charging, optimise large-scale operations across multiple sites, and strengthen its teams in operations, sales, and marketing. Christophe Lephilibert has been appointed as the new Director of Marketing and Growth, bringing his extensive experience in e-mobility, energy, and technology from companies like Nokia, Fortum, and ElectroMaps.

Max Brandt, CEO of FLEXeCHARGE, stated: “We see ourselves as the conductor of the e-mobility transition. We’re helping solve the problem of energy grid capacity as the amount of renewable energy and EV market share increase, which is the biggest challenge in e-mobility today. I’m thrilled to welcome Greencode Ventures, Link Capital, and Vireo Ventures, three firms with leading positions in the energy and e-mobility transitions, into our investor portfolio. All three have vast industry experience and strong track records, and I’m positive they will contribute vital knowledge as we embark on our commercialisation journey.”

Manuel Heckmann, Venture Partner at Greencode Ventures, commented: “Smart EV charging solutions are urgently needed, and FLEXeCHARGE has a unique positioning in the industry. The team has developed the most advanced, intelligent platform and built a solid customer base. We’re excited to support the company in making a significant impact on the green transition of mobility. FLEXeCHARGE enables more charge point operators and charging solution providers to make smarter energy management decisions for their charging sites.”

Christian Rangen, General Partner at Link Capital, stated: “We believe that FLEXeCHARGE can develop a truly European footprint. We’re excited to back FLEXeCHARGE, a promising company perfectly positioned to lead in the exciting energy and load management space. We’re primed to share our knowledge and work closely with the company as it aims to deliver holistic energy management for charge point operators and charging solution providers.”

Thomas Labryga, Partner at Vireo Ventures, added: “FLEXeCHARGE's technologically advanced product efficiently solves a tangible problem in the charging industry and has quickly gained significant traction with charge point operators and charging solution providers. At the same time, it is the perfect platform for additional services in the future. We welcome the company into our portfolio as the latest example of providing financial backing to highly scalable start-ups driving decarbonisation via electrification.”