Necture, a Vienna, Austria-based EV fleet management company, has secured additional funding, bringing its total Series A raised to €7 million.
Investors
Smart Energy Innovationsfonds and Verbund X Ventures led the investment round, joining existing investors Speedinvest and smartworks innovation GmbH.
Smart Energy Innovationsfonds is the corporate venture capital arm of energy360. The fund is located in Zurich, Switzerland, and invests in Northern Europe and Western Europe. The fund targets investments in the energy equipment and cleantech sectors.
Founded in 2022, Verbund X Ventures is a corporate venture arm of Verbund AG based in Vienna, Austria. The firm seeks to invest in companies that operate in decentralized energy systems, energy storage, e-mobility, and digital solutions for the energy industry.
Necture Use of Funds
The investment will empower Necture to further its vision of a sustainable future powered by EVs, expand its reach, and accelerate growth.
About Necture
Formerly known as Ubiq, Necture helps businesses optimize their fleets and transition seamlessly to EVs using a unique human-driven technology solution. The company's predictive SaaS-based platform provides data for fleet managers to make vehicle-specific recommendations for operational tasks such as rebalancing and charging. Necture collaborates with shared mobility providers such as MILES (Germany), Eloop (Vienna), and Awto (Santiago, Chile), managing 15,000 vehicles across Europe and the Americas.
Funding Details
Company: Necture GmbH
Raised: €7.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Innovationsfonds, Verbund X Ventures
Additional Investors: Speedinvest, smartworks innovation GmbH
Company Website: https://www.necture.com/
Software Category: EV Fleet Management
Source: https://tech.eu/2024/03/13/necture-secures-eur7m-series-a-to-boost-funding-for-innovative-ev-fleet-management/