French renewable energy startup Decade Energy has raised €3.6 million in seed funding to speed the fleet's carbon reduction in logistics. The fresh funding was backed by Contrarian Ventures and Ananda Impact Ventures.
- Decade Energy, founded in 2019 by Carl Magnus Norden, Casper Norden, Alexandre Cleret, Alejandro Ortega Peniche, and Mariela Atanasova, is a logistics, electrification, and energy management service provider.
- The company offers comprehensive, cost-effective solutions for commercial electric vehicle (EV) fleet electrification. Its services aim to make electric vehicles competitive with diesel-powered ones, contributing to the reduction of greenhouse gas (GHG) emissions. Through their innovative approach, Decade Energy supports logistics firms in transitioning to sustainable, electric transportation options.
- Headquartered in Paris, Decade Energy operates a pan-European network, serving international customers in France, Germany, and Sweden. It has already worked on over 500 logistics depots across Europe.
Details of the deal
- The funding round saw participation from Munich-based Ananda Impact Ventures, a venture capital firm that funds tech startups and manages around €200 million in four Core Impact Funds, and Contrarian Ventures, a Vilnius, Berlin, and London-based venture capital firm that invests in climate tech founders.
“Decade Energy addresses the large and rapidly growing market of distribution traffic electrification that needs innovative solutions and technology providers like Decade Energy if we are to meet our climate targets. The team’s focus on and experience servicing the segment that will be the first to be disrupted is one of many strengths that influenced our decision to partner with the company,” Partner at Contrarian Ventures, Tomas Kemtys, commented.
- With the fresh capital, Decade Energy plans to accelerate the decarbonization of logistics fleets by promoting the adoption of electric vehicles (EVs), lowering their costs, and simplifying the transition process.
