MobilityPlus, a prominent player in the European electric vehicle (EV) charging sector, has successfully secured €40 million in funding from Suma Capital through its Climate Impact Fund III. This investment aims to accelerate the company’s growth and expand its innovative charging solutions across Belgium and France. The funding is particularly significant as it underscores the increasing confidence of investors in MobilityPlus's vision and strategy for sustainable mobility.

Funding Details and Strategic Partnerships

The investment from Suma Capital marks a pivotal moment for MobilityPlus, as the firm is committed to facilitating energy transition investments across Europe. This latest round of funding also sees previous investors, such as Concentra, reaffirm their support, indicating strong market confidence in MobilityPlus’s approach and potential for growth. The capital will bolster MobilityPlus's efforts to provide comprehensive EV charging solutions, catering specifically to corporate fleets and real estate clients, thus assisting businesses in their transition to electric mobility while adhering to decarbonization objectives.

Comprehensive Charging Solutions

Founded in 2016 and based in Belgium, MobilityPlus specializes in offering B2B charging solutions and services that span the entire EV charging value chain. The company has installed over 15,000 charging points across Belgium and France, while also providing access to a network of 550,000 charging stations throughout Europe. The MobilityPlus app enhances user experience for EV drivers, offering seamless access to charging solutions and robust data analytics for businesses to manage energy consumption effectively.

One of the standout offerings of MobilityPlus is its innovative Charging-as-a-Service model, which allows companies to install charging infrastructure without any upfront costs. This approach mitigates financial barriers for businesses and facilitates a smoother transition to e-mobility, making it an attractive proposition in the B2B landscape.

Suma Capital's Strategic Role

The involvement of Suma Capital through its Climate Impact Fund III is a strategic alliance that aligns with MobilityPlus’s goals. Ruperto Unzué and Jérôme Petitjean, partners at Suma Capital, expressed their enthusiasm for the partnership, noting MobilityPlus's impressive track record and commitment to sustainable growth. Their investment will not only enhance MobilityPlus’s capabilities but also finance various Charging-as-a-Service initiatives, which are vital for fostering corporate responsibility in the transport sector.

Innovation and User Experience

MobilityPlus is poised to leverage this capital influx to further enhance its technological capabilities and user experience. Co-CEO Jean-Francois Cheyns emphasized the importance of this funding for maintaining the company’s edge in smart charging solutions. The focus will remain on innovating technologies and developing advanced energy management systems that help businesses optimize their charging costs while complying with evolving regulations.

Kris Pensaert, Co-CEO, added that the company is transforming its service offering into the all-encompassing MobilityPlus eXperience. This platform not only delivers EV charging solutions but also provides comprehensive support, including engineering, infrastructure, real-time data insights, and intelligent energy management. The goal is to relieve clients of the complexities of charging infrastructure, allowing them to focus on their core operations while MobilityPlus manages their EV charging needs.

Future Expansion Plans

With the new investment, MobilityPlus is set to redefine standards within the EV charging market. In addition to enhancing its services in Belgium, the company aims to strengthen its presence in France, targeting the B2B market and real estate clients with efficient, integrated charging solutions. The combination of advanced technology and strategic partnerships positions MobilityPlus as a key player in the transition to sustainable electric mobility.

The €40 million investment from Suma Capital signifies a crucial step for MobilityPlus in its mission to facilitate the widespread adoption of electric vehicles. As the company prepares for its next phase of growth, its commitment to providing innovative charging solutions and superior user experiences remains steadfast. With an expanding portfolio and a focus on sustainable practices, MobilityPlus is not only enhancing its market position but is also contributing significantly to the broader goals of decarbonization and energy transition in Europe.