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🚗⚡️Who is this French Electra that just snagged the most investment for EV charging stations? Can't stop thinking about this Electra from the morning news. The folks over at Crunchbase dropped a piece (https://lnkd.in/gQWYfuYC) on investments in EV charging station startups, and named the French project Electra as the top-funded. These guys, barely three years old, have already raked in $550M. And honestly, I hardly know anything about them! Bet I'm not alone here. Time to catch up. Electra was founded in 2021 by Aurelien de Meaux, Augustin Derville, and Julien Belliato. Aurelien, the CEO, had no prior ties to the auto biz — he and his partner had a startup called Cheerz since 2012 that printed photos. Nothing groundbreaking there. They sold it for €45M in 2018, chilled for a bit, teamed up with Augustin and Julien, and started building an EV charging network. So what's their secret sauce? They aim to make charging your EV as quick and easy as filling up gas — supposedly you can juice up your ride at their stations in just 20-25 minutes. You can even book your slot via an app — super convenient! Their first round of funding was in 2021 — €15M, which was France's biggest seed round that year. Their largest round hit earlier this year at €304M. Just last week they announced another €75M loan. Basically, they're swimming in cash. They’ve got around 260 stations (each with several slots) mostly across France but have teased expansions into Spain and Austria multiple times. It costs about €450K-€500K to set up one station. By 2030, they plan to have a network of 2,200 stations — that's if they survive till then! Oh, BTW: Technically speaking, Electra isn’t the most funded startup in this space — Germany's Ionity raised a whopping €700M in one round back in 2021 led by BlackRock. But there's a catch: Ionity is a joint venture among several automakers like BMW Group, Mercedes-Benz Group, Ford Motor Company, Volkswagen Group plus Hyundai and Kia joined too. Together they've built a network with way more reach — 635 stations compared to Electra’s 260. #EVRevolution #ElectraEvolved #ChargingAhead 🔌💸

Using Crunchbase data, we aggregated a sample set of 65 private companies funded in 2023 and 2024 with a focus on EV charging. Collectively, they’ve raised over $4.9 billion in equity funding to date, including both venture and grant funding. According to EV expert Loren McDonald, there are still plenty of untapped opportunities as EV charging requires unique solutions for different use cases. #Automotiveindustry #electriccar #electricvehicles #automotive #electricvehicle #emobility #futureofmobility #EV #electric #electriccars #fleets #fleet #electricvehicle #emobility #futureofmobility #fleetmanagement #startup #impactinvesting #VC #angelinvesting #venturecapital #Entrepreneurs #privateequity #familyoffices

In a recent episode of BBC's Dragons' Den, Kerbo Charge, an EV charging startup, has successfully secured investment from sustainability-focused angel investor Deborah Meaden 👏 The co-founders, Michael Goulden and Ben Whitaker, presented their through-pavement EV charging solution, aimed at revolutionising home charging for EV owners across the UK 🚘 👇 Read more about them below 👇 #startupsmagazine #startups #entrepreneur #dragonsden #evcharging

Exponential growth visualized The image below compares Wevo Energy's 9-month-old post with our latest numbers. Growing by 30% per month translates to doubling the install base every 2.5 months. The picture below tells the whole story. #evcharging #startup #exponentialgrowth

What are your thoughts on this Dark mode, solar dashboard? ⚡️ Is dark mode still trending upwards? Whether it is or isn’t, you can’t admit there isn’t something special about it! Let us know your thoughts! #smallbusiness #startups #design #optimism #uiux #darkmode #solar

#Topics Metropolis Snags Big Round For Dealmaking, Electric Hydrogen Powers Up [ad_1] Want to keep track of the largest startup funding deals in 2023 with our curated list of $100 million-plus venture deals to U.S.-based companies? Check out The Crunchbase Megadeals Tracker. This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out last week’s biggest funding rounds here. Once again, we’ve got lots of big rounds, including one of more than $1 billion to help awaken the slumbering M&A market. The big rounds ran the gamut, from parking (yes, parking!) to energy to good old AI. All told, investors seemed willing to invest and invest big as October opened strong. 1. Metropolis, $1.1B, computer vision: Parking startups aren’t usually high on this list, but when they add computer vision to their offering, well, that’s different. Los Angeles-based checkout-free parking startup Metropolis raised $1.7 billion in debt and equity led by Eldridge and 3L Capital. The startup company has raised $1.05 billion through a Series C offering and $650 million of debt financing. The deal was used to take logistics firm SP Plus private in a deal worth approximately $1.5 billion. The deal is the biggest M&A transaction of the ye...

🚀 Cleantech Startups Facing Challenges in 2023 The cleantech sector, while witnessing significant investment, has seen its share of failures. Several venture-capital-backed startups went bankrupt or closed down in late 2023. Here are some key insights: Hyperloop One: Status: Assets sold, staff laid off. Lesson: Overhauling transportation systems is challenging. Similarities drawn to the Segway's fate suggest the difficulty in revolutionizing established norms. 🚄 Bird: Status: Filed for Chapter 11 bankruptcy. Lesson: New transportation paradigms like shared electric scooters faced challenges. Bird's bankruptcy emphasizes that municipal mobility issues can't rely solely on VC-backed startups. 🛴💡 Zinc8 Energy Solutions: Status: Struggling after CEO loss and staff cuts. Lesson: The company, lacking revenue, received significant grants and incentives. The case questions the due diligence performed on a decade-old, revenue-free Canadian flow-battery penny stock. 🔍💸 Volta Trucks: Status: Filed for bankruptcy. Lesson: EV startups face challenges similar to traditional vehicle startups. Successful ventures in the electric vehicle sector will be rare, and the recent bankruptcies of Proterra and Lordstown won't be the last. ⚡🚚 Sunfolding: Status: Closed operations. Lesson: Innovative solar tracker designs faced resistance. Solar developers and financiers tend to be cautious in adopting radically new hardware for their electricity businesses. ☀️🔄 💡 These examples highlight the difficulties in transforming established industries, the risks associated with unproven technologies, and the importance of cautious investment strategies in the cleantech sector. #Cleantech #Startups #VentureCapital #Bankruptcy #LessonsLearned #Innovation #RenewableEnergy #H2 #Energy #EnergyTransition #Demandresponse #ESS #PV #Gridedge #EnergyManagment #ClimateAction #CarbonReduction #SustainabilityGoals #DrAlaaInsights #mobility #cleanenergy #electrification

Taking a major step towards its initial public offering (IPO), electric two-wheeler manufacturer Ather Energy’s board passed a resolution last week, during its annual general meeting, to convert the startup into a public company from private. Following this, the startup’s name has changed to Ather Energy Ltd from Ather Energy Pvt Ltd earlier, its regulatory filings revealed. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #AtherEnergy #IPO #PublicCompany #ElectricVehicles #EV #StartupFunding #BusinessGrowth #TechStartups #InvestmentNews #IndiaStartups #SustainableTransport #GreenEnergy #RegulatoryFilings #BusinessExpansion #AGM #CorporateNews #ElectricTwoWheelers #EVMarket #BusinessUpdate #StartupNews #StartupTrak

#batterytech #baas #fundingalert #startupfunding Battery tech startup Battery Smart has scooped up $65 million in Series B round led by LeapFrog Investments. The equity round also saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures and British International Investment (BII). While Battery Smart did not disclose its current valuation, it was valued at around $340 million during the first tranche of Series B worth $45 million. This was a significant surge in valuation from the $210 million in the pre-Series B round in November last year. Battery Smart provides advanced lithium-ion batteries for electric two and three-wheelers which can be swapped in quick time at any of its swapping stations. Its battery-as-a-service (BaaS) solution helps customers to save high upfront costs. Read on

This founder is helping pioneer the development of a new type of solar cell and photovoltaic module that can generate electricity from indoor and outdoor light while remaining light-weight, thin, and low-cost. ➡ Learn more about co-founder Sahar Sam and Solaires Entreprises Inc. in our Startups to Watch feature here: https://lnkd.in/eppVWY5r #StartupFounders #Founders #Startups #SustainableInnovation