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Rocsys Raises $36M to Revolutionize Autonomous Charging

Rocsys Secures $36M in Series A Funding to Drive Electric Transportation Revolution
July 19, 2023

Rocsys, a trailblazing provider of autonomous charging solutions for electric transportation, has successfully closed an impressive $36 million in a Series A funding round. Led by SEB Greentech Venture Capital and joined by notable investors like Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One. This funding round marks a significant milestone for Rocsys. With a balanced mix of debt and equity financing, the company is poised to expand its platform capabilities while rapidly scaling its presence across the United States and Europe.

The infusion of capital will enable Rocsys to advance its research and development efforts, focusing on implementing additional cutting-edge features. These enhancements include intelligent parking guidance, expanded software integrations for seamless vehicle navigation and fleet management systems, and improved remote diagnostics and teleoperations support. By prioritizing innovation, Rocsys aims to eliminate the unnecessary friction in the electric vehicle (EV) charging process, thereby overcoming barriers to sustainable transportation.

Rocsys plans to establish a dedicated division based in Portland, Oregon, to bolster its presence in North America. This strategic move will enable the company to provide exceptional application engineering and customer service support in the region while expanding its local supply chain and manufacturing activities. Crijn Bouman, Co-founder and CEO of Rocsys emphasizes the urgent need to streamline the EV charging experience, eliminating barriers and maximizing the return on investment and sustainability impact of existing charging infrastructure. Through this Series A funding, Rocsys is determined to bring its breakthrough autonomous charging solution to a wider range of customers and industries worldwide.

Rocsys' successful funding round signifies a pivotal moment in the electric transportation revolution. With their technology-agnostic approach, the company's innovative solutions have the potential to reshape the future of EV charging, facilitating a seamless, automated experience that accelerates the transition to sustainable transportation on a global scale.

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