eMabler Secures €5.5 Million in Series A Funding
eMabler, a Finnish company specializing in API-first EV charging platforms, has successfully raised €5.5 million in a Series A funding round. The round was led by Greencode Ventures, with additional investments from Swiss Post Ventures, Rethink Ventures, and Helkama Kiinteistöt.
Company Overview
Founded by Juha Stenberg (CEO & Co-founder) and Ville Parviainen (Co-Founder / CTO), eMabler provides a platform that connects, automates, and scales EV charging businesses. Their technology aims to transform EV charging into a core revenue stream for businesses by integrating it with existing services and applications.
Strategic Expansion Plans
The newly raised funds will be instrumental in accelerating eMabler’s expansion into Central European markets, with a particular focus on Germany and the UK. The company plans to enhance its product offerings, particularly in developing grid-aware charging solutions. These solutions are designed to optimize EV loads as assets within the energy system, a crucial step as the demand for integrated energy solutions continues to grow.
Investment Details
The Series A funding round not only includes significant contributions from venture capital funds but also benefits from a €1 million Digitalisation and Innovation Loan from Finnvera. This loan is implemented in cooperation with the European Investment Fund and supported by the InvestEU Guarantee Programme. Additionally, eMabler has secured a €1 million grant and loan combination through Business Finland’s Young Innovative Company program.
Market Position and Future Prospects
eMabler has already established a strong presence in the Nordic region, becoming a key player in providing integrated parking-and-charging solutions. By embedding EV charging into existing business models, such as retailer apps and loyalty programs, eMabler helps businesses to not only retain customers but also create new revenue streams.
Juha Stenberg, CEO of eMabler, commented on the funding round: "This investment will allow us to bring our proven Nordic solutions to new markets, helping more businesses integrate EV charging seamlessly into their operations."
Conclusion
As the EV market continues to evolve, eMabler’s strategic use of this funding round positions it well for future growth. The company’s focus on integration and scalability could play a significant role in shaping the future of EV charging infrastructure across Europe.