Startup Monta from Copenhagen raises €80 million to expand the EV ecosystem

Startup Monta from Copenhagen raises €80 million to expand the EV ecosystem

The €80 million Series B round for Monta, a Copenhagen-based startup creating an operating platform for EV ecosystem participants, closed today. With €130 million amassed since late 2020, the business plans to increase its partner network and make more R&D investments.

The state-backed Export and Investment Fund of Denmark, GreenPoint Partners, and Chicago-based Energize Capital co-led the Series B investment, which included new investor Quantum Light in addition to Headline, byFounders, AENU, and Creandum, among other current investors.

Like many other EV drivers, Anders Pedersen and Casper Holzmann Rasmussen’s dissatisfaction with the scarcity of universal charging stations gave rise to Monta. This is true for many cities; go outside defined city lines, and your options become much more limited.

Although there are other players in the market, such as Paua, Ionity, ChargePoint, and so forth, Monta claims that because to its simplicity in deployment and management and ease of use, it is gaining ground and is quickly becoming the preferred option for companies and operators in the EV space.

Currently boasting about 600,000 charging stations throughout its network, Monta increased its annual revenue by 600 percent in 2023, established offices in Paris and Barcelona, and forged partnerships with companies such as Siemens, EGG, Rolec, and Uno-X.