Automotive Electronics

Greenflux gets €11 million to Accelerate Smart Charging Expansion

Sustainable energy company Eneco Group and independent investment fund SET Ventures have both acquired a minority stake in Amsterdam-based GreenFlux Assets BV, as part of a total Series B round of €11 million. Existing shareholders BOM Brabant Ventures and ICT Group NV also participated in the round.

The investment in a leading enabler of electric driving and smart charging supports Eneco Group's and SET Ventures' ambitions to accelerate the energy transition by means of technology. Fortaleza Capital acted as exclusive corporate finance advisor to GreenFlux on this Series B financing round.

GreenFlux provides an electric mobility infrastructure management platform that supports the operations of charge point operators all over the world. GreenFlux helps energy companies, grid operators and automotive players to manage charge stations, enable roaming and billing and implement smart charging for advanced energy management.

The GreenFlux service platform is cloud-based and seamlessly connects with charge stations of any type or brand. GreenFlux's award winning controller, enabling advanced smart charging, can be fitted in any charge station.

The coming years millions of electric vehicles will enter the market. For this transition to happen, charging must be frictionless and easy to use. The GreenFlux platform drives down the cost of operations for charge point operators and enables them to provide an outstanding service experience to their customers. Combined with state-of-the-art smart charging technology that ensures the stability of the grid, electric vehicles will become an important enabler for a sustainable future.

GreenFlux Controller is a powerful IOT device, suitable for every charging station all over the world, open to any platform, standard-equipped with full smart charging capability.

GreenFlux founders, Hans de Boer and Jurjen de Jong jointly commented: "We are very happy this investment provides the opportunity to power dominant EV charge point operators in Europe, US and Asia. It's a big step forward in fulfilling our dream that all cars will be powered by renewable energy."

Joeri Kamp, managing director Eneco Smart Energy added: "Eneco is fully committed to speed up the transition to a more sustainable energy system. We believe that e-mobility and smart, real-time charging from renewable sources are essential parts of that system. This is a purpose we share with the team at GreenFlux. Through our investment we want to help them bring their front running service platform and controller to the next level and accelerate international expansion."

"The team at Greenflux has succeeded in establishing a leading position in EV infrastructure management," observed Anton Arts, Associate Partner at SET Ventures. "This investment enables them to accelerate international expansion and drive the pace of innovation in this market forward."

GreenFlux Assets BV
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