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January 25, 2024

Monta Powers Up with €80M to Drive Electric Mobility Revolution

Denmark's Monta proudly declares the triumph of its €80 million Series B funding round

In a bold stride towards reshaping the landscape of electric vehicle (EV) charging, Denmark-based Monta has announced a triumphant €80 million Series B funding round, catapulting its total funding to an impressive €130 million within just three years. The surge in investment, co-led by Energize Capital and GreenPoint Partners, reflects resounding confidence in Monta's pivotal role in fast-tracking the electrification of mobility. As the EV market charges ahead, Monta stands at the forefront, ready to revolutionize the charging ecosystem.

Monta's electrifying success story unfolds with an €80 million injection, a testament to its prowess in simplifying and streamlining the entire EV charging spectrum. Energize Capital and GreenPoint Partners spearhead this funding wave, joined by steadfast supporters Headline, byFounders, AENU, Creandum, and the newest entrant, Quantum Light. This strategic funding not only amplifies Monta's capabilities but also positions it as a driving force in the dynamic EV charging landscape.

At the core of Monta's mission is a platform that seamlessly integrates hardware manufacturers, operators, businesses, and EV drivers through one comprehensive software solution. Boasting access to over 600,000 charge points across Europe, Monta's ecosystem facilitates the deployment, usage, and management of EV charging infrastructure. The company's commitment to innovation is evident in partnerships with industry giants like Siemens, EGG, Rolec, and Uno-X, reinforcing Monta's influence in the rapidly evolving EV market.

As the EV market surges globally, Monta's funding surge reflects the urgency to address the escalating demand for accessible and affordable charging infrastructure. Governments, including the EU, Norway, and the UK, are setting ambitious targets to phase out internal combustion engine (ICE) vehicles. Consumer sentiment is aligning with this shift, with over half of Europeans considering EVs for their next purchase. Monta, with its robust platform, is well-positioned to navigate the complexities of this burgeoning market and drive the transition to sustainable electric mobility.

Monta's latest funding round propels it into the vanguard of the EV revolution, earmarking resources to double its team size, invest in research and development, and expand its partner network. As Monta focuses on key growth areas, it emerges as a linchpin in addressing the critical need for efficient and accessible EV charging infrastructure. This strategic move accelerates the journey towards electric mobility, paving the way for a more sustainable and connected transportation future. The road ahead is not just paved; it's charged with the energy of innovation and progress.

Josefina Dipaolo
Josefina Dipaolo
Content writer at TechNews180
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