Necture raises €7 million to accelerate electrification of fleets

Necture, previously known as Ubiq, a technology firm at the forefront of accelerating the adoption of electric fleets, recently declared that it has secured additional investment, elevating its total Series A funding to €7 million.

Smart Energy Innovationsfonds (Switzerland) and Verbund X Ventures (Austria) led the investment round, alongside existing investors Speedinvest and smartworks innovation GmbH.

The company is dedicated to assisting businesses in enhancing their fleets and transitioning smoothly to electric vehicles (EVs) through an innovative, human-driven technology solution. Necture's predictive SaaS-based platform offers crucial data enabling fleet managers to make vehicle-specific recommendations for operational tasks such as rebalancing and charging. This facilitates the increased adoption of electric fleets by optimising uptime and reducing costs. With over 20,000 members, Necture's StreetCrowd community actualises the optimisation potential on the ground, ensuring seamless operations and effectively bridging the gap between data and action.

Necture has already established a solid product-market fit. In collaboration with shared mobility providers like MILES (Germany), Eloop (Vienna), and Awto (Santiago, Chile), the company oversees 15,000 vehicles across Europe and the Americas. The latest funding round is set to propel the company's expansion into the corporate fleet market, allowing Necture to extend its reach to more companies globally and hasten the fleet electrification process. Necture is in the process of forming a partnership with a leading car manufacturer and mobility provider, which will be disclosed shortly.

"The pace of climate change demands bold action," said Christian Adelsberger, Necture Founder and CEO. "This investment reinforces our vision of a sustainable future powered by EVs, and it empowers us to reach more businesses and make a real difference. We are thrilled to tighten our relationship with Smart Energy Innovationsfonds and Verbund X Ventures, and we believe their deep understanding of the energy and mobility sectors will be invaluable."

"Necture's human-driven technology approach to EV fleet management is truly innovative and addresses a critical need in the market. Combining software with hardware infrastructure is crucial. Necture will make shared mobility and fleets more accessible and accelerate their roll-out. And we believe this can be also extended to other mobility offerings in the future. This also supports the strategic direction of our fund,” said Lars Hennersdorf, Investment Manager at Smart Energy Innovationsfonds.

Franz Zöchbauer, Managing Director of VERBUND X Ventures, adds: “Necture's expertise in both car sharing and fleet management, combined with their data-driven platform, uniquely positions them to address the specific needs of businesses transitioning to EVs. The company has shown tremendous growth. Our investment will accelerate this even further. Necture’s will significantly impact the electrification of corporate fleets - we’re looking forward to being a part of this journey.”