Tallinn-based EV charging startup VOOL has recently announced that it has secured €2.92 million in funding to accelerate its serial production. This funding round was led by Karma Ventures, a venture capital firm based in Estonia, with participation from Superangel and United Angels VC.
VOOL aims to revolutionize the electric vehicle charging industry by providing a seamless and convenient charging experience for EV owners. The company has developed a unique charging solution that combines hardware and software to create an efficient and user-friendly charging network.
The funding will be used to ramp up the production of VOOL’s charging stations and expand its network across Europe. The company plans to install its charging stations in strategic locations such as shopping centers, parking lots, and office buildings to ensure easy access for EV owners.
One of the key features of VOOL’s charging stations is their compatibility with all types of electric vehicles. Whether it’s a Tesla, Nissan Leaf, or BMW i3, VOOL’s charging stations can accommodate them all. This universal compatibility sets VOOL apart from other charging solutions on the market, which often require specific adapters or cables for different EV models.
In addition to its hardware, VOOL also offers a user-friendly mobile app that allows EV owners to easily locate and reserve charging stations. The app provides real-time information on the availability of charging stations, allowing users to plan their trips accordingly. It also offers a seamless payment system, eliminating the need for physical cards or cash.
The funding secured by VOOL will enable the company to scale up its production capabilities and meet the growing demand for EV charging infrastructure. As more and more people switch to electric vehicles, the need for reliable and accessible charging solutions becomes increasingly important.
According to recent statistics, the number of electric vehicles on the road is expected to reach 145 million by 2030. This rapid growth presents a significant opportunity for companies like VOOL to establish themselves as leaders in the EV charging industry.
VOOL’s innovative approach to EV charging has already gained recognition in the industry. The company was recently selected as one of the top 10 startups in the EIT InnoEnergy competition, which aims to support and promote sustainable energy solutions.
With the new funding in place, VOOL is well-positioned to accelerate its growth and make a significant impact on the EV charging market. By providing a seamless and convenient charging experience, the company is helping to drive the adoption of electric vehicles and contribute to a more sustainable future.
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- Source Link: https://zephyrnet.com/tallinn-based-ev-charging-startup-vool-snaps-e292-million-to-turbocharge-serial-production-eu-startups/