SENNA

Germany's EcoG Raises €16M to Expand EV Charging Platform

Munich-based EcoG has secured €16 million in new funding to bolster its electric vehicle charging infrastructure business. The round was led by GET Fund, Extantia, and Bayern Kapital, underscoring investor appetite for companies enabling the transition to electric mobility.

EcoG develops technology to support the rollout of charging stations for commercial and transportation operators. The fresh capital will allow the firm to further deploy its platform and forge new partnerships, according to Carlota Ochoa Neven Du Mont, Principal at Extantia and EcoG board member.

"As an EV driver, I know very well that EV charging has a serious impact on user experience," said Ochoa Neven Du Mont. "EcoG's innovative approach to simplifying the installation and management of charging infrastructure is crucial to accelerating electric vehicle adoption, especially in the commercial and logistics sectors."

The funding comes as demand for electric vehicle charging solutions surges across Europe. Automakers are racing to electrify their fleets, while businesses are installing chargers at depots, warehouses, and customer-facing locations. Industry analysts estimate the European EV charging market could grow at a compound annual rate of over 30% through 2030.

EcoG's platform aims to streamline the process of deploying and operating charging sites. The company provides an end-to-end software solution that handles tasks like site selection, permitting, installation, and maintenance. This allows fleet operators and property owners to focus on utilization rather than the underlying infrastructure.

"EcoG is playing a pivotal role in making electric mobility a reality for businesses," said Joerg Heuer, founder and CEO of EcoG. "With this new funding, we will accelerate the expansion of our charging platform and network of fast-charging sites to meet the surging demand we're seeing across industries."

The funding round comes at a critical juncture for the European electric vehicle market. Ambitious emissions targets, favorable policies, and consumer demand have fueled rapid EV adoption, but charging infrastructure remains a key bottleneck. Companies like EcoG that can simplify the charging experience are poised to benefit as fleets and businesses race to electrify.