BP Ventures is leading Service4Charger’s €10m Series A funding round, which included participation of €2.5m from Smart Energy Innovationsfonds. This is the corporate venture capital arm of Energie 360°, a Swiss energy provider who invests in sustainable companies.
Service4Charger's in-house trained and digitally equipped electrical engineers focus on the installation and maintenance of charging stations for electric cars throughout Germany. The types of installations cover various charging scenarios, such as charging in fleet depots, at public charging stations and at home. The company has grown to a team of over 85 employees and is already represented in 25 cities allowing the Service4Charger’s ‘Mobile Heroes’ to operate throughout Germany.
“The new capital will enable Service4Charger to expand into additional markets and add more local operational staff and Service4Charger Mobile Heroes to our team across Germany,” said Lucas Althammer, CEO of Service4Charger. “In this way, we are doing our part to expand the charging infrastructure for e-vehicles, which is critical to the transition to a lower-carbon European economy. We welcome the funding from, and collaboration with, BP and its German brand Aral as well as Energie360° as we work together to drive the electrification of mobility."
“As BP Pulse rolls out EV charging it is essential that we have the right skill sets and expertise to make charging installations an efficient process and to service our growing network of EV charge points,” said Gareth Burns, VP at BP Ventures. “The investment into Service4Charger brings BP a collaboration that can enable rapid and reliable installation and servicing of EV charge points in Germany.”
EV charging is one of BP's transition growth engines. Today, the company offers 22,000 EV charging points and aims to have more than 100,000 worldwide by 2030. Germany, where BP's e-mobility business operates under the Aral pulse brand, is a central pillar of BP's EV offering, with around 1,500 ultrafast charging points across the country. Aral pulse and Service4Charger intend to jointly offer Aral customers the planning and installation, operation, and maintenance of charging point infrastructure. By working with Service4Charger's highly skilled employees, BP and Service4Charger are well equipped to deliver their shared vision of providing leading EV charging solutions for the workplace and on the go.
