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Elonroad

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In-road conductive charging for parked or driving EVs

Lund Municipality, SwedenFounded 2014Transportation
Valuation $25–50M Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Elonroad and the history behind them.

About Elonroad

Founded in 2014 by Dan Zethraeus, Karin Ebbinghaus, and Kim Malmberg Svedmark, Elonroad is a Swedish company that provides a road-embedded charging infrastructure for electric vehicles. The company name is derived from "el," the Swedish word for electric. The founder, Dan Zethraeus, a former film director, conceived the idea while commuting and observing slush accumulate between the wheels on a road, leading him to build the first prototype with Lego bricks.

Elonroad develops and installs a conductive rail that can be placed on top of or embedded within the road surface. This system allows electric vehicles, retrofitted with a conductive pick-up, to charge while driving or parked, transferring power up to 300kW with 97% efficiency. The rail is designed for safety, activating only in short segments directly under the vehicle. A software control layer manages billing, access control, and grid load balancing. The technology is vehicle-agnostic and aims to reduce the dependency on large, expensive batteries, thereby lowering the total cost of ownership and CO2 impact.

The company targets clients such as logistics and delivery firms, ports, and public road authorities. Its business model involves manufacturing, installing, operating, and maintaining the charging systems. Elonroad has engaged in several pilot projects, including a 1km demonstration road in Lund for the Swedish Transport Administration, testing with city buses, and collaborations with logistics company Bring and the Port of Helsingborg. It is also part of a consortium with Vinci Group to build an electric road near Paris. The company has received funding from investors including Almi Invest, EIC Fund, and Bring Ventures.

Source: Dealroom company data

At a glance

Founded
2014
Headquarters
Lund Municipality, Sweden
Sector
Transportation

Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

  • European Innovation Council

Series A5 investors entered at this stage

  • EIT Urban Mobility
  • Plug and Play
  • Tamar Ventures
  • HICO
  • Butterfly Ventures

Series B and later3 investors entered at this stage

Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 5 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇸🇪 Sweden86.7%
🇫🇷 France8.9%
🇬🇧 United Kingdom2.2%
🇳🇱 Netherlands2.2%
4 countries shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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