Charge Amps Raises £11M in Pre-IPO Funding

Charge Amps

Charge Amps AB (publ), a Stockholm, Sweden-based green-tech company and maker of EV charging solutions, raised £11m (SEK 130M) in funding.

The round was led by Swedbank Robur via its equity funds, Microcap and Ny Teknik. In addition, Swedbank Robur has purchased shares corresponding to £1.7m (SEK 20M) from current shareholders, bringing its total investment in Charge Amps to £12.7m (SEK 150M).

The company intends to use the funds to further expand and establish its European presence in key markets for 2021 including the Nordics, the UK, as well as the DACH and Benelux regions, advance its R&D to enhance its product offering and innovation, and prepare for an IPO, which is planned for next year.  

Founded in 2012 and led by Anders Bergtoft, CEO, Charge Amps develops smart AC charging stations, cables, and dedicated cloud software for use at home, in connection to commercial properties and offices, and in public environments.
Since the launch of its first charging station Charge Amps Halo, in 2015, the company has sold over 40,000 charge points to B2C and B2B customers in 15 countries.  

Charge Amps was initially set up by its founder Fredrik Jonsson in 2012, with co-founder Boel Rydenå Swartling joining the company shortly after. The company has additional teams based in Norway, and Denmark and, in 2021, will set up more European offices in a number of countries. Charge Amps employs a team of 62.