Necture, formerly known as Ubiq, a leading technology company accelerating the adoption of electric fleets, announced it has secured additional funding, bringing its total Series A raise to €7 million. The investment round was led by Smart Energy Innovationsfonds (Switzerland) and Verbund X Ventures (Austria), joining existing investors Speedinvest and smartworks innovation GmbH.
Founded in 2015, the company helps businesses optimize their fleets and transition seamlessly to electric vehicles (EVs) using a unique human-driven technology solution. Necture’s predictive SaaS-based platform provides data for fleet managers to make vehicle-specific recommendations for operational tasks such as rebalancing and charging. This increases the adoption of electric fleets, as uptime is optimized and costs are reduced. Necture’s StreetCrowd community with over 20.000 members executes the optimization potential on the ground, ensuring smooth operations and bridging the gap between data and action.
“The pace of climate change demands bold action,” said Christian Adelsberger, Necture Founder and CEO. “This investment reinforces our vision of a sustainable future powered by EVs, and it empowers us to reach more businesses and make a real difference. We are thrilled to tighten our relationship with Smart Energy Innovationsfonds and Verbund X Ventures, and we believe their deep understanding of the energy and mobility sectors will be invaluable.“
Necture already has a strong product-market-fit. Working together with shared mobility providers such as MILES (Germany), Eloop (Vienna) and Awto (Santiago, Chile), the company manages 15,000 vehicles across Europe and the Americas. This latest funding round fuels the company’s expansion into the corporate fleet market, enabling Necture to reach more companies worldwide and accelerate the electrification of fleets. Necture is currently forming a collaboration with a leading car manufacturer and mobility provider to be announced in the near future.
“Necture’s human-driven technology approach to EV fleet management is truly innovative and addresses a critical need in the market. Combining software with hardware infrastructure is crucial. Necture will make shared mobility and fleets more accessible and accelerate their roll-out. And we believe this can be also extended to other mobility offerings in the future. This also supports the strategic direction of our fund,” added Lars Hennersdorf, Investment Manager at Smart Energy Innovationsfonds.
Franz Zöchbauer, Managing Director of VERBUND X Ventures, commented: “Necture’s expertise in both car sharing and fleet management, combined with their data-driven platform, uniquely positions them to address the specific needs of businesses transitioning to EVs. The company has shown tremendous growth. Our investment will accelerate this even further. Necture’s will significantly impact the electrification of corporate fleets – we’re looking forward to being a part of this journey.”
Read the orginal article: https://www.eu-startups.com/2024/03/vienna-based-necture-raises-e7-million-series-a-to-accelerate-electrification-of-corporate-fleets/
