Polish EV charging startup ChargeEuropa, a company specializing in electric vehicle (EV) charging infrastructure, has secured funding to expand into new markets, further solidifying its position as a leading player in the CEE EV charging sector. The investment was led by Shift4Good, with participation from Simpact Ventures, ARC Capital Markets, MobilityFund, and Canard Ventures.
- ChargeEuropa was founded in 2018 by Euan Wheatley and Matt Tymowski. The startup is at the forefront of integrating digital advertising with electric vehicle (EV) charging technology. Their innovative solution combines digital out-of-home (DOOH) advertising with EV charging stations, creating a unique and efficient way to support the expanding electric vehicle market.
- ChargeEuropa's EV chargers, designed and manufactured in Poznań, Poland, feature high-quality galvanized steel, premium sealants, and rigorously tested components.
- ChargeEuropa has a pipeline of over 1,000 locations across Poland. Additionally, the company has partnered with Polenergia, a Polish private energy group, to power some of its chargers with green energy, furthering its commitment to a zero-emission future.
Details of the deal
- The investment in ChargeEuropa was led by Shift4Good, a Paris-based venture capital firm specializing in mobility and the circular economy. Shift4Good focuses on Series A and Series B funding rounds, with investments typically ranging from $4 million to $20 million. Recently, the firm also backed Vapaus, a Finnish company offering employee bike benefits.
“Our investment in ChargeEuropa reflects our commitment to supporting innovative companies that drive positive environmental impact. We look forward to supporting ChargeEuropa expand into new markets, contributing to a sustainable transformation of transportation in Poland and Europe," Managing Partner at Shift4Good, Matthieu de Chanville, commented.
- The fresh funding was also joined by Warsaw-based VC Simpact Ventures, Polish investment banking firm ARC Capital Markets, Hamburg-based VC MobilityFund, Canard Ventures, and angel investor Alex Kostecki.
- With the capital raised, ChargeEuropa plans to expand its team and accelerate the development of its cutting-edge EV charging and Digital Out of Home (DOOH) technology. The company aims to deploy new chargers nationwide and extend its network into new markets.
“We’re excited to have a dream team of investors, each representing key pillars of what makes our business successful. The support we receive from them will allow us to take ChargeEuropa to the next level. This investment will not only help us enhance our technology and grow our team but also accelerate our mission to make EV charging more accessible and convenient across Poland and beyond," CEO of ChargeEuropa, Matt Tymowski, stated.
