Pluq funding news – Amsterdam-based Pluq Secures €50Million in Funding

Lars de Boer, Investment Manager at P Capital Partners said, “Because many parties focus on fast charging and public charging, there is a world to be won in the semi-public, destination-based domain,".

Managing Partner Ulf Hamberg said, “Scale is everything when it comes to charging,” “We are pleased that we can help the Pluq team take the next step with this financial framework.”

With a focus on destination charging, it seeks to set up charging stations in places where people usually spend a lot of time, like workplaces, hotels, amusement parks, and medical facilities. Through shared revenues, the company aims to give property owners with an energy-efficient and cost-effective charging option while utilizing existing infrastructure.

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Pieter Zijlema, CEO and co-founder of Pluq, said , "In a statement translated from Dutch, “We can now further shape our plans so that electric driving becomes accessible to everyone, without disrupting the electricity grid. In terms of charging, faster is not always better, but the expansion of our network cannot go fast enough for us.”

About Pluq

Founded in 2019, Pluq provides organizations with free Charging-as-a-Service, funding, installation, upkeep, and management of electric vehicle charging stations on private parking lots. This service removes the need for upfront investments in billing solutions while increasing visitor happiness, promoting a sustainable image, and generating cash. It pays for upkeep and installation, freeing up businesses to concentrate on their main goals.