MobilityPlus, a Ghent-based player in the EV charging market, has recently secured significant funding to bolster its operations. This development marks a strategic shift for the company, enabling it to expand its footprint in Belgium and France. By focusing on providing comprehensive charging solutions, MobilityPlus aims to support businesses and real estate clients in transitioning to electric mobility while addressing their carbon reduction objectives and cost-saving initiatives. This move highlights the growing importance of electric vehicle infrastructure in meeting environmental goals.
Earlier reports on MobilityPlus have consistently highlighted its commitment to innovative charging solutions. The company’s Charging-as-a-Service model allows businesses to install EV infrastructure without upfront costs, which has been well-received in the market. Previously, MobilityPlus has relied on partnerships to strengthen its position, aligning itself with strategic partners like Suma Capital to drive growth. The current funding aligns with these past initiatives, underscoring its ongoing strategy to enhance its technological capabilities and expand its service offerings.
How Will the New Funding Be Utilized?
The recent investment round, led by Suma Capital’s Climate Impact Fund III, brings in €40M to MobilityPlus. This injection of capital will be directed towards expanding the company’s services and infrastructure, targeting business customers in Belgium and France. The objective is to streamline the switch to electric vehicles, helping businesses achieve their sustainability targets. The investment will also aid in enhancing the charging experience, providing comprehensive solutions that include real-time data insights and energy management.
What Role Does Suma Capital Play in This Development?
Suma Capital plays a crucial role as a strategic partner in MobilityPlus’s expansion. Their investment stems from their SC Climate Impact Fund III, which focuses on projects that transition towards a low-carbon economy. This collaboration emphasizes a shared vision for sustainable growth within the electric vehicle sector. Suma Capital’s support is expected to cement MobilityPlus’s market position and fuel its growth in the B2B and EV fleet segments.
Ruperto Unzué and Jérôme Petitjean from Suma Capital stated, “The company has an impressive track record of innovative charging solutions, sustainable growth and a solid customer base. We are excited to support their further expansion to decarbonise transport and mobility.”
MobilityPlus’s strategy includes setting new standards in the EV charging market. The company plans to expand its reach in France, focusing on integrated charging solutions for B2B and real estate clients. By improving user experiences through advanced technologies, MobilityPlus seeks to solidify its position in the market. This strategic expansion is aimed at offering a seamless and worry-free charging experience for its customers, allowing them to concentrate on their core business operations.
Kris Pensaert, co-CEO of MobilityPlus, expressed, “In a rapidly evolving market, standing still is not an option – and organic growth alone will not be enough. Our customers want to focus on their core business and rely on MobilityPlus for a seamless, worry-free charging experience.”
As MobilityPlus advances its operations with the new funding, its focus on sustainable mobility is expected to resonate well with businesses aiming to reduce their carbon footprint. This funding marks a significant step towards bolstering EV infrastructure in Europe. For readers interested in the evolving landscape of electric transportation, keeping an eye on MobilityPlus’s progress could provide valuable insights into the industry’s trajectory.
