In its seed funding round, ENAPI has raised €7.5 million. With involvement from current investors Project A, Seedcamp, and Helloworld VC, Voyager Ventures led the round. This most recent investment brings the company’s total capital to €10 million, following a €2.5 million pre-seed round in early 2024. The new funding will support ENAPI’s efforts to standardise and streamline connectivity throughout the ecosystem of EV charging stations.
ENAPI has worked with eight of the top ten eMobility Service Providers (eMSPs) in Europe and onboarded over 350,000 charging points in only six months. By facilitating the transmission of transaction data between eMSPs and Charge Point Operators (CPOs) and Charge Point Management Systems (CPMS), the company’s technology improves the efficiency of EV charging.
Better dependability and easier access to charging stations are two benefits of this technology for EV drivers. One of the biggest problems facing the industry has been the lack of accurate information on charger availability and dependability. Seventy percent of EV drivers are unhappy with the infrastructure for public charging, according to McKinsey. ENAPI seeks to eliminate one of the main obstacles to EV adoption by enhancing data interchange between CPOs and eMSPs.
CPOs can also benefit from ENAPI’s platform, which offers them complete control and flexibility over their networks. It also increases data accuracy and removes transaction expenses. This successful investment round shows that the market is confident in ENAPI’s future, as the majority of its pre-seed funding is still available. Building on its early success, the company wants to establish itself as a major player in the EV charging sector.
ENAPI is in a good position to transform the EV charging market due to its quick expansion and solid investor support. The company is playing a vital role in increasing the dependability and accessibility of EV charging for both drivers and businesses by streamlining the connectivity between CPOs and eMSPs.