The Mobility House, the German provider of energy storage and electric vehicle charging products has successfully completed its C4 financing round of 48.5M€ in November.
This round was financed by historical investors only with a participation of the Alliance Ventures.
The fund will be used for its technology development and to expand their market position in the field of smart charging and Vehicle-to-Grid (V2G) in Europe, North America, and Asia.
Electric vehicles can stabilize the electric grid and temporarily store renewable energy. This promotes the expansion and integration of renewable energy. The company’s recently announced start of trading on the European Power Exchange EPEX SPOT SE signals another important step towards the intelligent integration of the mobility and electricity market.