The co-leads are Ventura Capital and Green Gateway Fund. Further strategic investors are Mercedes-Benz, Alliance Venture, Mitsui, and SP Group. The €50m from the series C financing will be used to expand the The Mobility House's market position in the electric vehicle smart charging and vehicle-to-grid (V2G) sector. The ChargePilot technology, EV Aggregation and Flexibility Trading Platform developed by The Mobility House will transform mobile and stationary batteries of electric vehicles into “buffer storage” or flexibility potential for the global energy transition.
Electric vehicles can stabilise the electric grid and temporarily store renewable energy. This promotes the expansion and integration of renewable energy.
Green Gateway Fund founder Jochen Wermuth and co-lead investor says: “We see The Mobility House as the leading global software platform monetising electric vehicle batteries, providing grid stability and storage services to a 100% renewable energy and transport system, with the potential to save over 5% of global CO2 emissions.”
”We are delighted about the trust that our existing investors have placed in us. In recent months, it has become increasingly clear: the market for smart charging and V2G is there and developing rapidly,” said Robert Hienz, CEO of The Mobility House. “It also has incredible economic and ecological potential for us to tap into. We have the technology ready to cater to and significantly shape this market and are already well-equipped for the future continued development of our products.”
