202322 May

Pionix secures €5m seed funding for open-source EV charging technology

Summary

Pionix GmbH, a German open-source company for EV charging, has announced completing an oversubscribed Seed financing round, raising over 5 million. Pionix CEO Dr M\xf6ller compared the approach to that of Android, with a well-developed and widely used core customized by various companies, promoting standardization, lower costs, and reduced complexity for the entire EV charging business.Said core is called EVerest by Pionix and is an open-source community project that provides the complete communication and control stack required for charging points, ranging from AC chargers at home to highway DC chargers. Additionally, EVerest forms the foundation of Pionixs BaseCamp, allowing companies to develop iOS and Android applications. This approach allows for customization and innovation while leveraging the standardized core provided by EVerest.The open-source system is based on Linux, and Pionix is actively involved in the Linux Foundation, specifically LF Energy, which focuses on the power sector.In todays announcement of the five million in funding, Pionix also highlighted the importance of open-source projects in the automotive industry and their potential to drive transformative change.The company counts Peter Mertens, an automotive industry veteran and former CTO of Audi and Volvo, among its advisors, who also emphasized the significance of open-source projects in the automotive sector. Pionixs financing round was further proof of this.Since its establishment, Pionix has developed and distributed applications for various component and charging station manufacturers, including Texas Instruments and Mahle.The funding round was led by Yabeo Impact AG and Pale blue dot, with participation from Vireo Ventures, MobilityFund, and Axeleo Capital.

Source: Electrive

Funding

$5.41M
Amount
May 22 2023
Date
-
Investor
PIONIX
Company

Classifications

Companies