Chargery closes a EUR 5 million funding round, the transaction is led by Budapest based Lead Ventures - existing investor Helvetia Venture Fund also contributed in this round. Chargery, the Berlin based scale-up, alongside this investment and its growth all over Europe, continues to strengthen its position as Europe’s number one for intelligent shared mobility operations.
Chargery was founded in August 2017 in Berlin. It currently employs around 300 employees all over Europe. By connecting technology and people through services, intelligent software and smart infrastructure solutions, Chargery enables highly efficient and sustainable shared mobility operations.
Today, Chargery is operating in 13 cities across 4 different countries and their European footprint is increasing month by month. Top mobility players like Sixt Share, Share Now, and VOI are already using Chargery's services in these cities.
"A major topic of future urban life is shared mobility. Currently, shared mobility providers are finding it challenging to become profitable and that's where Chargery comes in. We are so excited about Chargery's story because their approach to connect technology and people could be quite the enabler for this new form of mobility and consequently, have a significant impact on the future of mobility," says András Dunai, Partner of Lead Ventures.
"Since our first investment in Chargery in June 2019, Chargery's revenue has grown by a factor of about 20. The three founders and the team around them have proven that they can become a major player in this new mobility sector. Therefore, we are really happy to continue supporting this great ride," says Michael Wieser, partner at Helvetia Venture Fund.
Christian Lang, CEO and Co-Founder of Chargery: "We are very happy to welcome Lead Ventures as a new investor. We are also pleased to see the confidence placed in us by our existing investor Helvetia Venture Fund. Despite difficult circumstances for the global economy and for the mobility sector, we were able to achieve significant growth this year. Together with this new investment and our awesome Chargery team we want to continue our success story and expand our footprint all over Europe.".
On the capital raising the UniCredit Bank AG acted as an exclusive financial advisor to Chargery GmbH.
About Lead Ventures:
Lead Ventures, a Budapest-based venture capital firm, invests via its Enter Tomorrow Europe fund backed by MOL Group and Hungarian Eximbank. With EUR 100 million under its management, Lead Ventures is actively seeking scale-up investment opportunities in the CEE region with unique stories, outstanding growth potential and global reach.
About Helvetia Venture Fund:
Helvetia Venture Fund invests in start-ups from the insurtech segment and in companies whose business models link to or support Helvetia’s insurance business. It focuses on start-ups from all over Europe, with a particular emphasis on countries in which Helvetia is active, specifically Switzerland as well as Germany, France, Italy, Austria and Spain. The total volume amounts to CHF 55 million.
Chargery is Europe’s number one for intelligent shared mobility operations. By combining full service and intelligent software, Chargery takes over entire operations for shared mobility providers and ensures that the availability of these fleets significantly increases.