Monta To Expand In The US With Freshly Secured €30 Mn

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The EV charging company aims to digitize the EV ecosystem

EV charging platform Monta recently raised €30 million from Energize Ventures, taking its total investment into the platform to over €50 million. As per reports, the Europe-based company stands at a €155 million valuation. With the recent investment, it aims to expand into the US market. The EV infrastructure company hopes to make mass-market EV adoption easier by building charging solutions.

During an interview, Monta CEO Casper Rasmussen said, “We are aiming to fully digitalize the EV ecosystem to tackle all the immediate challenges within the industry and build toward a more transparent and flexible future. By partnering with hardware OEMs we can deliver new features straight out of the box, like our new feature that allows operators to set a percentage on top of the spot price in order to follow the market fluctuations and automatically offer a fair price for charging.”

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Talking about the currently raised fund, the CEO commented, “The investment from Energize and our returning investors is a strong vote of confidence in our vision, team and software as the cornerstone of the mobility infrastructure of the future.”

Observing the lack of infrastructure availability, the company is working to digitize the EV charger ecosystem, with a charging management platform. “The speed at which we’re seeing the EV revolution come to life is mindblowing. However, the EV market’s growth remains dependent on the buildout of charging infrastructure — to support EV production projections, over 1.6 million public chargers and 20 million private chargers will need to be deployed across the U.S. and Europe over the next three years alone,” stated Rasmussen.


 

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