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

SWIFT Strengthens Blockchain-Based Shared Ledger for Real Transactions This Year

The financial messaging service aims to integrate blockchain technology in operations.Highlights: SWIFT plans to launch a blockchain-based shared...

Nium Launches Dual-Network Stablecoin Card Issuance Platform

New platform aims to streamline stablecoin card issuance and enhance user experience.Highlights: Nium unveils a new platform for...

Wise Launches UK Current Accounts, Expanding Financial Services

The new accounts aim to simplify banking for UK customers.Highlights: Wise introduces current accounts to UK market.The new...

Lloyds Bank Strengthens Research on AI Impact in Software Engineering

The collaboration aims to explore the future of technology in banking.Highlights: Lloyds Bank partners with the University of...