Volteum, a Budapest-based software company that helps fleet operators manage electric, diesel, hybrid, and petrol vehicles from a single platform, has closed a €2.5 million funding round. The company plans to use the capital to grow its UK operations and push into Western Europe. Volteum is led by CEO and co-founder Zsófia Tóth, who built the company alongside three university friends.
Fleet electrification in Europe is moving fast, but it is far from complete. Battery electric vehicle sales across the continent rose by around 30% in 2025, reaching approximately 19% of the market. Yet most commercial fleets still run a combination of fuel types, and analysts expect that to remain the case for years. The problem is that most fleet management software was built for diesel vehicles and was never updated to handle electric ones. Charging schedules, battery health monitoring, and home-charging reimbursements for drivers are all standard EV requirements that legacy tools simply do not cover. Fleet managers end up piecing together spreadsheets and separate systems, often without a reliable view of where their money is going. For a 500-vehicle fleet, that gap can cost more than £1 million a year in avoidable expenses.
The round was led by Warsaw-based Movens Capital, with WakeUp Capital and Aidiom also participating. Day One Capital, Techstars, and Nesprit, who backed the company at the pre-seed stage, all returned with follow-on investment. The round brings Volteum's total funding to €3.75 million.
The gap between what fleet software offers and what operators actually need is not new. Most fleet professionals still juggle multiple platforms and manual processes alongside whatever dedicated software they use. The root issue is structural. Tools designed for combustion engines track things like fuel spend, oil change intervals, and engine fault codes. None of those data points are relevant to an electric vehicle. When a fleet is mixed, the software simply does not speak the same language across vehicle types, and that mismatch creates real costs.
The EV fleet management market reached $9.10 billion in 2025 and is forecast to grow at a compound annual rate of 22.7% through 2030. Already, 64% of fleet professionals are operating at least some EVs, and 87% say they plan to electrify further within five years. Demand for software that handles both traditional and electric vehicles in one place is growing alongside those numbers.
"Volteum is addressing one of the most practical and underappreciated challenges in the electrification of commercial transport. They're supporting fleet operators in the move from ambition to operational execution. Volteum is quickly becoming the decision layer of choice for fleet operations." — Artur Banach, Partner at Movens Capital
Three areas will receive the bulk of the investment. The first is expanding Volteum's UK team. The company already serves organisations including Royal Mail, Lex Autolease, Siemens, and NG Bailey, but Tóth has acknowledged that the company is "still only scratching the surface" of the UK market. Adding people on the ground is intended to reach more fleet managers who need better visibility into their operations.
The second priority is entering Western Europe. Volteum plans to begin moving into BeNeLux and other Western European markets before the end of 2026, using the approach it developed in the UK. The third area is product development. Every vehicle connected to the platform generates around 150 data points, and the company's goal is to turn that volume of information into practical recommendations. That includes early warnings about maintenance problems, alerts around unusual charging behaviour, and cost-saving insights that the company says can reduce operational costs by up to 30%.
"Volteum is a technically credible, product-led company that we have watched outperform established incumbents in high-stakes competitive tenders within the highly relevant and complex EV fleet-charging segment." — Faye Walsh Drouillard, Managing Partner at WakeUp Capital
Volteum was started by four university friends: Zsófia Tóth, Krisztián Putti, Dávid Kertész, and Kornél Kálmán. The company moved to a fully business-to-business model in 2022 and has since built a client base that spans logistics, utilities, financial services, leasing, and the public sector. Organisations including Bolt, Royal Mail, Schneider Electric, OTP Bank, and Dundee City Council use the platform.
The software connects to vehicles through the data systems that manufacturers already have in place, which means no physical hardware needs to be installed. Onboarding takes 48 hours, with no technician visits and no vehicle downtime. The platform collects around 150 data points per vehicle, covering battery charge levels, fault codes, maintenance schedules, and home-charging sessions for driver reimbursement. Fleets with as little as 10% electric vehicles can bring their entire fleet onto the platform. The product has two main modules: Electric Fleet Planner, which helps operators map out a long-term transition to EVs, and Electric Fleet Operations, which handles the day-to-day. The system draws on more than 3 billion operational data points to generate its recommendations.
Volteum won Best Fleet Software at the 2025 Business Car Awards and the Innovation in EV category at the 2026 Great British Fleet Awards, where it was also shortlisted in three other categories.
Volteum's first external funding, a pre-seed round of €1.25 million, closed in late 2022. The new €2.5 million round was led by Movens Capital, a Warsaw-based fund that invests in early-stage technology companies across Central and Eastern Europe. WakeUp Capital and Aidiom are new investors in the company. Day One Capital, Techstars, and Nesprit, all of whom participated in the pre-seed, returned for follow-on. Total funding raised to date is €3.75 million.
