With the capital raised, the SCE and Social Entrepreneurship Academy alumni startup plans to further simplify installation, expand into other European countries, and expand its digital services in 2022.
ChargeX is thus putting its own mission "Every parking space becomes a charging space" into practice. In order to be able to offer a fully comprehensive solution for charging electric cars, the expansion of digital services around the topic of charging management is planned. The focus here is on the Drop App, which reconciles the power availability of the electricity grid with the flexibility of the e-car driver.
"The bottleneck in charging infrastructure is not demand, but the shortage of skilled electricians and the capacity of our power grid. We are completely rethinking both areas at ChargeX and will solve the problems with the new investors at our side," said Tobias Wagner, CEO & Co-Founder.
In addition, ChargeX plans to enter the market in other European countries with its multiple socket for electric cars. The focus will be on markets with a high market penetration of electric vehicles.
ChargeX - charging infrastructure made in Germany
ChargeX produces an intelligent multiple socket for electric cars, which enables the charging of many cars in one place easily and efficiently. Since its founding in 2018, ChargeX has already installed over 1,500 charging points at customers in Germany, Austria and Switzerland. Due to the innovative mounting concept, the installation of the ChargeX multiple socket for electric cars succeeds in a short time and saves installation effort as well as costs. Up to 10 charging points can be set up with just one power connection. In addition, intelligent phase distribution enables optimized charging of electric cars and plug-in hybrids on one charging system.
The startup focuses on avoiding unnecessary emissions. "Our goal is sustainable supply chains and production with as few emissions as possible," says Michael Masnitza, COO & Co-Founder. All business areas, from development to manufacturing to marketing, currently take place at the Munich site - and that is also the plan for the future. Short supply chains and the commissioning of suppliers in the Munich area make it possible to manufacture the multiple socket for electric cars "Made in Germany".