Ecog raises six million euros

The Munich-based e-mobility start-up has successfully completed its Series A financing round. The founders now want to expand their market presence in the USA.

The Munich-based e-mobility start-up Ecog has raised six million euros in its Series A financing round, as reported by the industry service electrive.net reports. BayBG and the Lindner Group invested in the company for the first time in this round. The existing investors Ananda Impact Ventures and Helen Ventures have further increased their stake in the company.

The start-up intends to use the fresh capital to grow further in Europe and India. However, a particular focus in the coming phase will be on the market presence in the USA. According to Ecog, 15 manufacturers are among its customers to date, including Siemens and i-Charging. The company develops operating software for charging stations, which is intended to help with scaling in particular. According to Ecog, its proprietary charging technology can be used either as a hardware-software or software-only solution.

Founded in 2017, the start-up claims to have achieved a market share of ten percent in Europe with this technology. Ecog achieved profitability in 2022, as the company announced. The target is a market share of 30 percent.