ubitricity Raises €1.8M in Series A Financing

ubitricity Gesellschaft für verteilte Energiesysteme mbH, a Berlin, Germany-based developer of a virtual charging network that can turn every electric socket into a charging point for electric cars, closed a €1.8m Series A Venture funding from Earlybird Venture Capital.
In cooperation with market leading providers of remote meter reading, energy data management and billing services, the company is assembling and integrating all backend processes (including user authentication, meter data collection and billing) of the infrastructure that will allow users to secure charge energy their electric vehicles at any location en route.
The financing will provide the funds to develop the missing pieces and conclude the system and process integration.
In conjunction with the funding, Wolfgang Seibold, Partner at Earlybird, will join ubitricity’s supervisory board.
The company was founded by Knut Hechtfischer and Dr. Frank Pawlitschek in 2008.

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