The scaleup will use the funds to accelerate the development and roll-out of its activation and payment platform for electrical charging points and other power supply facilities. Berend Potjer, the regional minister for energy for the Province of South Holland, announced the investment at the Prinsjesfestival in The Hague.
Involtum founder and CEO Maarten Hektor:
The investment will enable us to give a boost to sales and marketing. It will help us expand in Europe and further develop our services in Germany, Austria, and the UK as well as in the Netherlands.
Sustainable power supply activation and payment services
For the uninitiated, Involtum was founded in 2012 and began providing electrical power at truck stops. However, the company has continued to develop its power activation and payment transaction platform, and it is now available for many other applications.
Generally, Refrigerated trucks use diesel generators to keep their cargo fresh. In a bid to reduce CO2 and noise governments in Europe are setting stricter rules on the use of diesel generators.
Pay for temporary use of electricity through the smartphone
The platform allows people to pay for the temporary use of electricity at various locations, including car parks, campsites, festival grounds, marinas, and seaports. One of the latest applications allows payment by smartphone for the use of Miele washing machines at launderettes.
Based out of Rotterdam, the company is the European market leader for sustainable power supply activation and payment services. Its brands include Walstroom, Marktstroom, AanUit.net, Call-Bill, ParkandPower, NomadPower, and various white labels.
Contributing to the reduction of CO2
Furthermore, this platform makes it possible to conveniently pay for the temporary use of electricity in places such as car parks, ports, and event locations. Notably, the powerpoint aims to replace environment polluting engines and generators, thereby significantly contributing to the reduction of CO2 and particulate matter emissions as well as noise.
500,000 transactions for 50,000 users
Interestingly, each year, Involtum manages in excess of 500,000 transactions for 50,000 users at over 250 locations across Europe. The number of users is growing by more than 30,000 a year.
Offers total solution
Involtum offers providers of shared facilities a total solution: the platform, back office, and call center services, payments channel, apps, websites, portals, and required hardware. According to the company, by unburdening electricity providers, the platform will allow decentralised power supply facilities to be set up at more locations, thereby making an important contribution to the energy transition.
Main image credit: Involtum
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