UP&Charge funding news – Île-de-France-based UP&Charge Raises €1.5Million in a Seed Funding
Aug 15, 2024 | By Startup Rise EU
UP&Charge, an electric charging provider Raises €1.5Million in a Seed funding round from Paris Business Angels, independent Business Angels, and partner banks, including BNP Paribas, Banque Populaire Rives de Paris, and Bpifrance.
SUMMARY
- UP&Charge, an electric charging provider Raises €1.5Million in a Seed funding
- UP&CHARGE was established in 2021 with the goal of creating induction charging stations for electric cars.
Gil Chicheportiche, President of UP&CHARGE said, “UP&CHARGE’s objective is to facilitate the adoption of electric vehicles to reduce greenhouse gas emissions in the transport sector. With the finalisation of our product, our vision becomes reality, and the friction for electric vehicle users finally disappears!”
Using the money, the French company plans to install the first charging station previews at its clients' locations in October.
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Three things will be done with this funding:
Software development to offer cutting-edge features and guarantee compatibility with any kind of vehicle
Both application and hardware are being improved to better serve customers and produce an induction charging station that is both high-quality and useful.
Improve user experience while implementing a data feedback mechanism to spur the creation of fresh, cutting-edge features that the market has requested.
About UP&CHARGE
UP&CHARGE was established in 2021 with the goal of creating induction charging stations for electric cars. Through a mobile application, users may activate the company's cable-free recharging solution with only one click, making it incredibly accessible.
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