The Mobility House has completed an internal round of financing led by Mercuria and co-led by Ventura Capital and Green Gateway Fund. Further strategic investors of the company include Mercedes-Benz, Alliance Venture, Mitsui and SP Group. The $50 million Series C financing will be used to expand the company’s electric vehicle (EV) smart charging and vehicle-to-grid (V2G) integration reach across Europe, North America and Asia.
“As we embark on our energy transition journey, we see this investment as a smart way to link electric mobility with renewable energy, two fast-growing sectors,” says Jean François Steels, vice president of energy transition at Mercuria and lead investor. “This solution is increasing the flexibility of energy markets, which need to accommodate the growing new and intermittent renewable sources of power supply.”
“We see The Mobility House as the leading global software platform monetizing electric vehicle batteries, providing grid stability and storage services to a 100 percent renewable energy and transport system, with the potential to save over 5 percent of global CO2 emissions,” comments Green Gateway Fund Founder Jochen Wermuth and co-lead investor.
“The Mobility House is a visionary company constantly innovating the next infrastructure steps required to power the clean energy transition forward alongside their strategic partners and we are proud to continue to support this journey as one of them,” adds Mo El Husseiny, founder of investment co-lead of Ventura Capital.
“We are delighted about the trust that our existing investors have placed in us. In recent months, it has become increasingly clear: the market for smart charging and V2G is there and developing rapidly. It also has incredible economic and environmental potential for us to tap into,” concludes Robert Hienz, CEO of The Mobility House. “We have the technology ready to cater to and significantly shape this market, and are already well-equipped for the future continued development of our products.”
