Decade Energy funding news – Paris-based Decade Energy Secures €3.6 Million in Seed Funding

The team behind the Truck-as-a-Service solution and the founder of Volta Trucks created the business. Since 2019, they have assisted large European logistics organisations in switching to electric fleets.

In order to fulfil its 2030 emissions reduction target of 24%, Europe must expedite the electrification of vehicles. In Europe, road transport accounts for 22% of CO2 emissions, with trucks and vans accounting for around 10% of this total.

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Decade Energy offers logistics organisations comprehensive, dependable, and affordable solutions that facilitate the electrification of fleets of commercial electric vehicles.

An electrified fleet requires a complicated and dispersed infrastructure to run. Logistics firms must assemble and maintain these systems on their own, which leads to expensive installations, shoddy dependability, and inefficiencies.

Decade Energy streamlines the electrification process by maintaining and integrating these systems on behalf of clients, improving logistics providers' operational and environmental efficiency. With this strategy, the cost of electric vehicles is comparable to that of diesel, saving millions of tonnes of greenhouse gas emissions.

Casper Norden CEO said, “While OEMs have invested in EV supply chains, retailers are demanding zero-emission transportation, and logistics companies have set firm decarbonisation targets, we still see too few electric trucks on the road. Our experience from Volta Trucks is that the complexity and fragmentation of the EV ecosystem make the transition unmanageable and electric vehicles uncompetitive. By offering a solution that integrates best-in-class partners and technologies, Decade Energy allows logistics companies to focus on their core business and realize the cost advantage that electric fleets offer."

Tomas Kemtys, Partner at Contrarian Ventures: “Decade Energy addresses the large and rapidly growing market of distribution traffic electrification, which needs innovative solutions and technology providers like Decade Energy to meet our climate targets. The team’s focus on and experience of servicing the segment that will be the first to be disrupted is one of many strengths that influenced our decision to partner with the company.”

About Decade

Decade is the turnkey electrification partner for logistics operators and depot managers who are preparing for and deploying an electric fleet. The energy transition is the great challenge and opportunity of the next decade. But while targets have been set and the required technology is readily available, most logistics companies still struggle to put the pieces together to make meaningful progress.