- The investment will be used to further expand and establish Charge Amps’ European presence in key markets for 2021 including the Nordics, the UK and DACH and Benelux regions
- Charge Amps develops smart AC charging stations, cables, and dedicated cloud software for use at home, in connection to commercial properties and offices, and in public environments
Charge Amps AB has announced that it has raised £11 million (SEK 130M) in a round led by Swedbank Robur via its equity funds, Microcap and Ny Teknik. In addition, Swedbank Robur has purchased shares corresponding to £1.7 million (SEK 20M) from current shareholders, bringing its total investment in Charge Amps to £12.7 million (SEK 150M).
The investment will be used to further expand and establish Charge Amps’ European presence in key markets for 2021 including the Nordics, the UK and DACH and Benelux regions. It will also be used towards R&D to enhance Charge Amps’ product offering and innovation, and to ensure operational excellence in preparation for an IPO, which is planned for next year.
Used towards R&D to enhance Charge Amps’ product offering
Anders Bergtoft, CEO of Charge Amps comments, “Swedbank Robur is the ideal investor for us and we are so pleased to have them back our mission to bring Charge Amps’ solutions to EV owners across Europe and beyond. To achieve a fossil-free future, we believe that owning an electric car has to come with zero hassle and 100 per cent pleasure. This is something that we are here to facilitate and with the support of Swedbank Robur, our existing shareholders, and key distribution partners, we know that we can deliver at scale.”
Charge Amps develops smart AC charging stations, cables, and dedicated cloud software for use at home, in connection to commercial properties and offices, and in public environments.
Henrik Carlman, Portfolio Manager at Swedbank Robur, comments, “We are proud to be part of this funding thus enabling a continued international expansion for Charge Amps, whose products help accelerate the needed green transition from fossil to electric cars. Our investment will contribute to giving Charge Amps good prerequisites to continue their strong growth journey, which will also have the potential to benefit our fund’s shareholders moving forward.”
