Electric vehicles are believed to be the future of sustainable mobility. Eventually, the adoption of e-vehicles has grown exponentially during recent times. However, a major hurdle that’s slamming the brakes on the rapid adoption of EVs is the lack of charging points. This is where the French startup Zeplug comes into play. Now, the startup has secured an investment of €5M.
Investment from LBO France’s fund
Based out of Paris, Zeplug has secured €5M Series B funding from LBO France’s NewStone fund. This is the first investment made by the fund. The latest investment will be used for the expansion of Zeplug and help it focus on co-owned buildings. Also, the startup will be able to bolster its position in the corporate market.