Monta mounts up for North American expansion with €30 million raise
Summary
In addition to solidifying and bolstering its market position in Scandinavia, the UK, and Germany, Monta is also now setting its sights further afield and plans for North American operations are well underway.Like many an EV driver, Monta was born from co-founders, and EV drivers, Anders Pedersen and Casper Rasmussens frustration with the lack of availability of universal charging points. etc., being well aware of this statistic, its led to a land grab across the sector and all the fragmentation that goes with it.Angling to corral any loose cattle and ultimately accelerate the mass adoption of electric vehicles, Monta is using open web standards to simplify and streamline the entire charge point deployment, management, and usage process. For both operators and consumers.We are aiming to fully digitalise the EV ecosystem to tackle all the immediate challenges within the industry and build toward a more transparent and flexible future. By partnering with hardware OEMs we can deliver new features straight out of the box, like our new feature that allows operators to set a percentage on top of the spot price in order to follow the market fluctuations and automatically offer a fair price for charging, explained Rasmussen.Montas client list includes Vestas, CPH Airport, and PostNord, as well as a number of wholesalers who are using Montas methods to help installers step up their game. Since the beginning of this year, the startup has also established key partnerships with pan-European charge point providers Garo, CTEK, ABB, and Zaptec.Montas 30 million Series A+ round was led by Energize Ventures with returning investors Creandum, Pale Blue Dot, byFounders, and Headline all participating.
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