SID Venture Partners Powers Up GO TO-U's Smart EV Charging Platform with Fresh Investment ·
Summary
This tackles the common pain point of arriving at a station only to find it occupied or out of service.The market context underscores the timeliness of this investment. With global EV sales surpassing 8.3 million units in 2023 a remarkable 38% increase year-over-year the demand for reliable and smart charging infrastructure is exploding.By providing access across a network potentially spanning 950,000 stations in 67 countries, we are shaping the future of seamless electromobility, stated Nazar Shymone-Davyda, CEO of GO TO-U, highlighting the platforms ambitious scope and connectivity potential.GO TO-Us journey began in 2017. Co-founder Shymone-Davyda, initially involved in importing early Tesla models to Ukraine back in 2014, quickly identified the critical need for robust charging infrastructure. This latest funding round follows previous backing from industrial giant ABB and various angel investors, demonstrating sustained confidence in the startups technology and vision.SID Venture Partners, launched in December 2021, represents a consortium of 13 Ukrainian tech entrepreneurs and has deployed around $6 million in investments to date. This partnership aims to accelerate GO TO-Us growth and solidify its position as a key player in the smart EV charging ecosystem.