Germany’s EcoG has secured €16M to grow its charging platform for EVs and expand its work in fast-charging infrastructure.
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Munich-based EcoG has raised €16M in new funding to expand its charging infrastructure for electric vehicles used in logistics, industry, and retail. The round was led by GET Fund, Extantia and Bayern Kapital.
The German company develops technology that supports the rollout of charging stations used by commercial and transport operators. The latest funds will support further deployment of its platform and partnerships.
Carlota Ochoa Neven Du Mont, Principal at Extantia and EcoG board member, says, “As an EV driver, I know very well that EV charging has a serious reliability and interoperability problem. EcoG’s operating system has successfully shown to solve this. They have built a mission-critical platform and become an indispensable partner to OEMs, powering the future of EV charging.”
Capital utilisation
With the new funding, EcoG plans to scale its charging platform and speed up its international push in commercial fast-charging infrastructure. The company will continue standardising its product ‘EcoG Universal Core’, which is now in use in 25,000 charging units worldwide.
EcoG also intends to build a testing and development centre in Bavaria, where megawatt charging for electric trucks and charging hubs will be examined in real-world settings with hardware and logistics partners.
The company’s Munich team is building the operating system for commercial fast-charging infrastructure. The software allows manufacturers to produce fast-charging stations and enables operators to run charging hubs across multiple sites.
Jörg Heuer, CEO and co-founder of EcoG, says, “The early years of e-mobility are now successfully behind us. The next phase is professionalisation combined with sustainable growth, for example at logistics depots. This is no longer a future trend but increasingly the foundation of business – companies like Amazon are already among the largest CPOs worldwide.”
Heuer adds, “This financing round shows how quickly the market is developing. Our technology puts us at the forefront of enabling the transition to efficient, standardised charging infrastructure.”
Brief about EcoG
EcoG is a technology company focused on B2B charging infrastructure with operations in Munich and Detroit. It develops operating systems for charging stations and runs a platform used by fast-charging station manufacturers.
With EcoG’s software, manufacturers can build charging units, and operators can run charging sites for passenger-car fleets, logistics networks, and truck hubs.
The company holds about 15 per cent market share in Europe and 11 per cent in India. Its customers include Siemens, Dover Fueling Solutions, and other partners in global markets.
