BP Ventures has invested €7.5m in Service4Charger, a Berlin-based EV charging service provider, as part of a €10 m Series A funding round.
Service4Charger claims it is filling the gap in the market by providing specialised, skilled electrical engineers in Germany, one of Europe’s fastest-growing EV charging infrastructure markets.
BP is the lead investor in the round, which included the participation of €2.5m from Smart Energy Innovationsfonds, the corporate venture capital arm of Energie 360°, a Swiss energy provider which invests in sustainable companies across the energy sector in Germany, Austria and Switzerland.
Service4Charger’s in-house trained and digitally equipped electrical engineers focus on the installation and maintenance of charging stations for electric cars throughout Germany – for various charging scenarios, such as charging in fleet depots, at public charging stations and at home. Service4Charger reports its team has grown to some 85 employees and is already represented in 25 cities – from Aachen to Berlin and from Hamburg to Munich – allowing the Service4Charger to operate throughout Germany.
“The new capital will enable Service4Charger to expand into additional markets and add more local operational staff and Service4Charger Mobile Heroes to our team across Germany,” Lucas Althammer, CEO of Service4Charger.
“In this way, we are doing our part to expand the charging infrastructure for e-vehicles, which is critical to the transition to a lower-carbon European economy. We welcome the funding from, and collaboration with, BP and its German brand Aral as well as Energie 360° as we work together to drive the electrification of mobility.
“As BP Pulse rolls out EV charging it is essential that we have the right skill sets and expertise to make charging installations an efficient process and to service our growing network of EV charge points,” said Gareth Burns, vice president of BP Ventures.
“The investment into Service4Charger brings BP a collaboration that can enable rapid and reliable installation and servicing of EV charge points in Germany.”
