The technology company The Mobility House has received 50 million euros from existing investors. Mobility House intends to use the money to expand its market position in the areas of smart charging and vehicle-to-grid in Europe, North America and Asia.
Electric cars are becoming buffer storage
The Mobility House was founded in 2009 and offers planning, construction and operation of an individual charging infrastructure for private and business customers. The technology company has been marketing stationary and mobile vehicle batteries itself or through partners since 2016. The Mobility House partners include manufacturers of charging infrastructure, installers, car manufacturers and backend systems.
Mobility House announced that the intelligent integration and control of electric cars and their batteries would become significantly more important in the current energy market. This is the only way the energy transition can succeed. The company has developed the products ChargePilot, EV Aggregation and Flexibility Trading Platform. They transform mobile and stationary batteries from electric vehicles into buffer storage or flexibility potential for the global energy transition.
Recently, The Mobility House also announced the connection to the European power exchange EPEX SPOT SE. There the company trades the capacity of 4,500 electric car batteries with a total of 100 MW. By stabilizing the power grid and temporarily storing green electricity, electric cars promote the energy transition.
All existing investors increase their support
According to the announcement, all existing investors participated in the latest round of financing. The round was led by Mercuria, Ventura Capital and the Green Gateway Fund. Other investors are Mercedes-Benz, Alliance Venture, Mitsui and the SP Group.
Lead investor Mercuria shared: “Looking at the energy transition we see this investment as a smart way to combine electric mobility and renewable energy – two fast-growing sectors. This solution increases the flexibility of energy markets that must accommodate the growing new and volatile renewable energy sources,” said Jean François Steels, Vice President Energy Transition at Mercuria.
Mo El Husseiny, Founder of Ventura Capital and one of the Co-Lead Investors, said: “The Mobility House is a visionary company that, together with its strategic partners, is constantly advancing the infrastructure required for the clean energy transition. We are proud to continue walking and supporting this path together.”
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Bilderquelle: © The Mobility House
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