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Charging Software Startup Braves EV Winter With Fresh Funding
Monta has raised another €80 million in venture capital to expand its charging management business across Europe and the US.
Monta focuses solely on software, handling the app and operations for companies that run charging stations.
Source: Monta
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It may not seem like a great time to be in the EV charging business. Electric-vehicle sales growth is slowing, and public money for charging is merely trickling out when the industry could use a flood of funds.
But investor enthusiasm isn’t waning. Danish startup Monta has raised €80 million ($87 million) in venture capital to expand its EV charging management business across Europe and the US.