Charge Amps: Raises £11M in Pre-IPO Funding

  • Charge Amps AB (publ), a Stockholm, Sweden-based green-tech company and maker of EV charging solutions, raised £11m (SEK 130M) in funding
  • The round was led by Swedbank Robur via its equity funds, Microcap and Ny Teknik
  • In addition, Swedbank Robur has purchased shares corresponding to £1.7m (SEK 20M) from current shareholders, bringing its total investment in Charge Amps to £12.7m (SEK 150M)
  • The company intends to use the funds to further expand and establish its European presence in key markets for 2021
  • Since the launch of its first charging station Charge Amps Halo, in 2015, the company has sold over 40,000 charge points to B2C and B2B customers in 15 countries
  • The company has additional teams based in Norway, and Denmark and, in 2021, will set up more European offices in a number of countries
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Crypto Network Mesh Hits Unicorn Status as Valuation Soars

The rapidly growing crypto network achieves a billion-dollar valuation milestone.Highlights: Crypto network Mesh achieved unicorn status after recent...

FCA Launches Pop-Up ATM to Warn Customers of Investment Scams

New initiative aims to educate the public on investment fraud risks. Highlights:FCA introduces a pop-up ATM to combat...

Lloyds Strengthens AI Strategy After Assessing Financial Value of Deployments

The bank plans to enhance its artificial intelligence capabilities further.Highlights: Lloyds assesses the financial value of its AI...

Santander Tightens Operations with Closure of 44 More Branches

The bank continues its restructuring as customer preferences shift to digital banking.Highlights: Santander is closing 44 more branches...