{"id":14287,"date":"2024-01-23T07:53:35","date_gmt":"2024-01-23T06:53:35","guid":{"rendered":"https:\/\/monta.com\/uk\/?post_type=press&p=14287"},"modified":"2025-05-22T10:35:11","modified_gmt":"2025-05-22T09:35:11","slug":"monta-closes-80-million-series-b","status":"publish","type":"press","link":"https:\/\/monta.com\/en\/press\/monta-closes-80-million-series-b\/","title":{"rendered":"EV charging platform Monta raises \u20ac80 million in Series B"},"content":{"rendered":"
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The company closes a 80M\u20ac Series B round with a mix of new and existing investors, bringing the total funding to 130M\u20ac in just three years. The company will use the funding to double its team size, continue to invest in product R&D and expand their valued partner network to drive society-wide electrification. <\/strong><\/p>\n\n\n\n

Copenhagen – January 23, 2024.<\/em> Monta, the operating platform powering the EV charging ecosystem, today announced the close of its  \u20ac80 M Series B round<\/strong>, bringing the company\u2019s total funding to \u20ac130M in just three <\/strong>years. <\/strong>Energize Capital<\/a> co-led the round with GreenPoint<\/a> Partners and Denmark\u2019s state-backed Export and Investment Fund<\/a>. The Series B also included participation from returning investors Headline<\/a>, byFounders<\/a>, AENU<\/a> and Creandum<\/a> and new investor, Quantum Light<\/a>.<\/p>\n\n\n\n

Monta is accelerating the electrification of mobility through its EV charging platform, which serves hardware manufacturers, operators<\/a>, businesses<\/a> and EV drivers<\/a> with one integrated software solution. <\/p>\n\n\n\n

Since its founding in 2020, the company has become the de facto Hub for simplifying and streamlining the deployment, use, and management of EV charging infrastructure for businesses and operators. Monta\u2019s platform also assists hardware manufacturers in optimizing their products by enabling them to benchmark charge point brands, provide insights into usage and performance, and speed up troubleshooting and maintenance time. In addition, EV drivers can use Monta\u2019s software to charge on 600.000+ charge points across Europe.    <\/p>\n\n\n\n

\u201cEVs and charging infrastructure are a cornerstone of the global shift towards decentralized electrification, and Monta\u2019s software platform<\/a> is the backbone enabling this critical transition in energy and mobility<\/em>,\u201d said Casper Rasmussen, CEO and founder of Monta. \u201cOur differentiator is that we take on the entire value chain of the EV charging market \u2013 from the grid to hardware to business and drivers \u2013 with a tool that streamlines and simplifies charging operations for all participants, bridging the gap between energy providers and end users. With one million monthly charging sessions and 130,000 charge points on the Monta platform, our growth is a testament to this market nearing an inflection point, and we\u2019re thrilled for the support from Energize and all our investors to help us further our mission of democratizing mobility electrification.<\/em>\u201d<\/p>\n\n\n\n

In 2023, Monta increased its annual recurring revenue by 600%, opened two new markets including new offices in Paris and Barcelona, and nearly doubled its employee headcount. This growth has been supported by the addition of several new strategic partners including Siemens, EGG, Rolec and Uno-X, which rely on Monta\u2019s platform<\/a> to manage their fleets, home and work charging needs in addition to leveraging the company\u2019s extensive roaming network of more than 600,000 charge points. Combined with hitting targets 14 months in a row, investors have been keen to empower Monta to continue its momentum.<\/p>\n\n\n\n

\u201cThe market for electric vehicle charge points continues to expand on an impressive trajectory \u2013 over 40% annual growth \u2013 and is demanding a modern solution to manage the increasing volume and complexity of touchpoints between electric vehicles and charging infrastructure<\/em>,\u201d said Juan Muldoon, partner at Energize Capital and a member of Monta\u2019s board of directors. \u201cWith a business model that touches participants across the EV ecosystem to connect the dots and enable scale, Monta is that solution. The company has solidified leadership in this market with an exciting magnitude of growth \u2013 our research indicates Monta is the fastest-growing startup at its scale in the EV space. We are thrilled to double down on our investment in Monta and continue partnering with their team to accelerate the transition to electric mobility.<\/em>\u201d<\/p>\n\n\n\n

Monta will leverage this investment to double down on its successful ecosystem strategy by strengthening investments in product R&D, expanding its partner network<\/a> across all markets and together with the industry creating a sustainable charging infrastructure to give operators and EV drivers more control over their energy consumption. Monta\u2019s extensive partner network will continue to play a crucial role in accelerating the mobility sector\u2019s sustainability transformation and building the infrastructure for a decentralized electrification system.<\/p>\n\n\n\n

About the EV charging market<\/h2>\n\n\n\n