Rocsys Secures $36M to Redefine the EV Charging Experience with Autonomous Charging, Powered by AI and Robotics
Summary
RIJSWIJK, Netherlands and PORTLAND, Ore., July 11, 2023 (GLOBE NEWSWIRE) -- , the leading provider of autonomous charging solutions for electric transportation, today announced a $36 million Series A funding round. With this latest investment, which includes a roughly equal split of debt and equity financing, Rocsys will expand the capabilities of its platform as it rapidly scales its presence in the United States and Europe.Rocsys combines soft robotics, AI-based computer vision, and data-driven services to easily adapt existing chargers into an autonomous system that can plug in and out without manual intervention. As the official lending arm of the European Union and a leading supporter of climate-focused startups, the EIBs involvement through the InvestEU programme is a further testament to Rocsyss sustainability leadership and alignment with the regions policy priorities.Rocsys is transforming the EV charging experience by creating an easy-to-use and scalable solution, said Frederik Gerner, Venture Partner at Forward.One. With an innovative approach combining soft robotics, AI-based computer vision, and data-driven services, Rocsys creates a reliable, seamless, efficient, and cost-effective charging experience for fleets and consumers. Founded in 2019 and headquartered in The Netherlands, with U.S. operations based out of Portland, Oregon, Rocsys is setting the standard for the future of autonomous charging with leading roles in industry consortiums and strategic partnerships with multinational corporations and OEMs.