The Dutch clean-tech startup Viriciti, which provides a cloud-based platform for management of electric and mixed buses has secured a funding of €6.25 million led by Energy Impact Partners (EIP), Mainport Innovation Fund II (MIF II), and an unnamed third party today.
The company is planning to use this fund for a various purpose including product development of ViriCiti Smart Charging, expansion of the team, the number of offices and the current customer base in North America. In 2016, MIF II also participated with Breesaap Green Link in ViriCiti’s first investment round worth €700,000.
Cloud-based monitoring system
For the starters, ViriCiti, founded in 2012, believes that online energy management is the missing link to full adoption of electric city buses and trucks. Hence, the startup offers an online platform to support transit operators with real-time insights into their fleet.
By combining charging infrastructure with electric and non-electric vehicles in one platform, the company is streamlining the transition to all-electric fleets and working to drive the global transition to zero-emission transport.
Enhances the performance of electric fleet
By monitoring and analysing data from electric vehicles up to millisecond level, the real-time information on the use, condition and performance of the vehicle can be provided.
With these insights, the performance and reliability of electric city buses and trucks can be enhanced at a lower cost. Based out of Amsterdam, this company has a 50% market share in electrical bus telematics in Europe and the United States since 2015.
What is smart charging?
As electric fleets grow, the demand for energy increases, resulting in higher charging costs and expensive network connections for carriers. In this case, Smart Charging, charges with the right amount of energy at the right time – reduces demand costs and avoids peak times, so that electric buses can unhindered their routes.
Aims to reduce transport emissions!
ViriCiti aims to reduce transport emissions and accelerate the transition to zero-emission vehicles worldwide. The company has two branches — one on the west coast and one on the east coast of the US.
Because we are exactly in between energy and infrastructure services, Energy Impact Partners is the ideal partner for us to strengthen our ties with the American market and energy companies. This investment allows us to open new branches and expand our US team. In this way, we can expand our network and at the same time continue to guarantee excellent service for our customers.
The ViriCiti software platform has proved indispensable for carriers and vehicle manufacturers in North America and Europe, and their unique and leading solution is an essential element in the transition to electric transport, which is a top priority for EIP’s energy partners.
The team has impressed us with strong international growth since our investment in ViriCiti in 2016. We look forward to the partnership with Energy Impact Partners and are confident in our joint strengthening of ViriCiti’s position as market leader and in the expansion of their product portfolio. for mixed fleets and loading solutions.
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