Voltaback raises €2.8M to scale EV fleet management software
What's the deal? French startup VoltabackDealroom has a profile for this one. Try Dealroom → has raised €2.8 million in an early-stage round led by European fund SerenaDealroom has a profile for this one. Try Dealroom →, with backing from business angels Aurélien de Meaux, co-founder of Electra, and Maxime BrousseDealroom has a profile for this one. Try Dealroom →, a Sequoia ScoutDealroom has a profile for this one. Try Dealroom →.
What does it do? Voltaback sells fleet management software that uses connected vehicle data and requires no extra hardware. It first gained traction by helping companies reimburse employees who charge electric vehicles at home.
How it works: The platform tracks and calculates the actual cost of each charging session, whether the employee lives in a house or an apartment. It then generates a compliant receipt using a method validated by Bureau VeritasDealroom has a profile for this one. Try Dealroom →, covered by a URSSAF ruling, and protected by a patent.
The product has since expanded into a broader fleet management and employee mobility tool.
Why now? Within 12 months, Voltaback has been adopted by 20% of CAC 40 companies, including VeoliaDealroom has a profile for this one. Try Dealroom → and EquansDealroom has a profile for this one. Try Dealroom →. The new funding will support growth and further expansion of the platform.
The stakes: "If employees aren't reimbursed by their employer for charging at home, they lose out on €600 a year, which pushes them toward public charging stations," said co-founder Arnaud Tran. "For the company, those same charges then cost up to €2,000 a year."
Veolia cited the hardware-free model as a draw. "Voltaback was the solution able to meet our scaling challenges without forcing us to deploy and manage complex connected equipment at each employee's home," said Arnaud Willing-Salleron, its director of vehicle fleet and mobility solutions.
Voltaback was founded by Tran, a Polytechnique and Stanford graduate, Adrien Guenard, a CentraleSupélec and MIT graduate, and Gautier Artru.
The signal: The round sits in the middle of the pack for early-stage deals by size, but Voltaback's quick penetration of France's largest listed companies points to real demand for software that manages the hidden costs of electrifying corporate fleets. De Meaux framed the fit directly: "It is one of the most advanced teams in the mobility software sector, with an excellent product and a clear vision of the market."
Read more: startuprise.co.uk
Image credit: wbaiv
