The EV charging platform VOOL has closed a further seed investment round totaling €1,3 million. VOOL has now received a total of €7,62 million in capital, including a grant of €1,62 million.
The funding will scale up its local factory’s electric vehicle charger production to fulfil customer demand and expand its Nordic sales and assistance team.
VOOL is the first comprehensive EV charging solution, offering dependable, intelligent, and cost-effective charging for business and private customers. It was founded in 2018 by energy specialists Juhan Härm (CEO), Sander Vahtras (CPO), and Hindrik Kilter (CTO). This makes the switch to green energy easier, quicker, and more affordable.
The transition from fossil fuels to green energy is made easier by VOOL, the initial all-inclusive EV charging structure, which offers trustworthy, clever, and affordable charging for commercial and residential consumers.
The issue with present possibilities for charging is that the bulk of them barely utilize about one-third of the entire grid capacity that is accessible. This is ineffective or insufficient for the widespread adoption of EVs.
Instead of spending billions of dollars building new grids, VOOL will make greater use of the ones that currently exist.
Their homes served as the first offices and laboratory for a technical fix to the issue—safely and efficiently accessing all three-phase power lines across Europe.
Since those initial testing periods in 2019, VOOL has given priority to the EV charging industry while focusing on its strengths. With the help of a €3 million financing from 2022 Horizon, our staff expanded, our initial product line was finished.
we gained more reputation as a rapidly growing company in Estonia, where we are located. We began a second round in early 2023 with the objective of dominating the European EV charging market.
In the long run, we’re committed to developing more everyday items that will enable everybody to make use of the grid to its fullest.The status of our EV chargers and peripherals is now being prepared for mass manufacturing.