The car fleet platform Necture has secured €7 million Series A funding from Smart Energy Innovationsfonds, Verbund X Ventures, Speedinvest, and smartworks innovation.
- Necture, previously known as ubiq, was established in 2014 by Christian Adelsberger. The Vienna-based startup develops a SaaS platform that provides fleet managers with data to support vehicle-specific suggestions for maintenance tasks like charging and rebalancing.
- The startup's solution is used by car sharing and fleet rentals programs to manage their use and their transition to electric vehicles. Currently, Necture is working with OEMs to get direct access to their core systems yet using aftermarket technologies to link to those cars.
- The Austrian startup operates in 20 locations around Europe, North America, and South America, managing around 15,000 vehicles for car sharing fleets with clients like German MILES, Austrian ELOOP, and Awto from Chile.
Who are the investors
- The current Series A round was led by Smart Energy Innovationsfonds, a fund headquartered in Zurich, focusing its investments on Northern and Western Europe, with a specific aim towards the energy equipment and cleantech sectors. Another leading backer is Verbund X Ventures, a Vienna-based early-stage investor, focusing on the energy sector.
- Speedinvest, Vienna-based, venture capital fund investing in pre-seed, seed, and early-stage tech startups, and Austrian corporate investment company smartworks innovation also joined the round.
“Necture’s expertise in both car sharing and fleet management, combined with their data-driven platform, uniquely positions them to address the specific needs of businesses transitioning to EVs. The company has shown tremendous growth. Our investment will accelerate this even further. Necture’s will significantly impact the electrification of corporate fleets – we’re looking forward to being a part of this journey,” Franz Zöchbauer, Managing Director of Verbund X Ventures, commented.
What’s next
The current funding round will help Necture expand into the corporate fleet market, reach more businesses globally, and accelerate the electrification of fleets.
