Voltaback raises €2.8M to scale EV charging reimbursement across Europe
French fleet management software startup Voltaback hasraised €2.8 million from European investment fund Serena and several businessangels, including Aurélien de Meaux, co-founder of Electra, and Maxim...
French software startup Voltaback has secured €2.8 million in funding from European investment fund Serena and angel investors, including Electra co-founder Aurélien de Meaux and Sequoia Scout Maxime Brousse. The platform, which utilizes connected vehicle data, helps companies manage their fleets without additional hardware. Initially, Voltaback focused on reimbursing employees for home charging of company electric vehicles, a process fraught with administrative challenges.
The company's software combines data from electricity bills, meters, and connected vehicles to reconstruct individual home charging sessions and calculate costs based on the employee's electricity contract. This method has been validated by Bureau Veritas and patented, ensuring its acceptance by URSSAF for reimbursement.
The calculation technique has been validated by Bureau Veritas, is patented and covered by an advance ruling from URSSAF. The startup's software validates the calculation method and patents it, ensuring URSSAF acceptance for reimbursement. Voltaback's platform is expanding beyond electric vehicle charging, integrating combustion-engine vehicles for mileage tracking, benefits in kind calculations, and CSR reporting.
The company is targeting the European market, aiming to roll out its platform in six countries and expand its team to support broader business mobility solutions.
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