The Stevens & Bolton corporate team has advised Future Energy Ventures (FEV) on its Series B investment in existing portfolio company ev.energy, in support of advancing electric vehicle-grid integration across North America and Europe.
ev.energy, leading electric vehicle (EV) charging platform, secured USD33m in the Series B raise. With this latest funding, the total capital raised by the company amounts to USD46m. ev.energy's seamless integration of EVs with grid networks simplifies charging expenses for drivers while also contributing to a more sustainable and cost-effective charging process. The platform manages charging for over 120,000 EVs daily, optimising charging times to align with grid-friendly times.
The funding round was led by National Grid Partners (NGP) and supported by Aviva Ventures, WEX Venture Capital and InMotion Ventures and the investment division of JLR. Existing investors Future Energy Ventures, Energy Impact Partners, and ArcTern Ventures continued their support in this funding.
Future Energy Ventures is a venture capital firm who partners with exceptional entrepreneurs to accelerate our transition towards a decarbonized future. The firm invest globally in breakthrough climate technology start-ups that can significantly reduce GHG emissions and fulfil the sustainability-objective of SFDR Article 9. The team has recently been ranked #1 Climate Tech VC in Europe and #8 globally by Climate 50.
Nick Atkins, lead Partner, commented: “It was fantastic to support the FEV team on this Series B investment. We wish ev.energy all the best for the future development of their platform, which is in an increasingly important sector of technology services supporting the coming energy transition in vehicular transportation”.
The Stevens & Bolton team was led by corporate partner Nick Atkins and senior associate Rebecca Minear.