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Austrian startup Necture closes €7M round to electrify fleets

Necture funding
Picture credits: Necture

Vienna-based Necture, a climate tech startup, has built a platform for managing car fleets and charging infrastructure, which will increase the adoption of electric fleets. Now, the company just secured an additional funding, which brings its Series A round to €7 million. 

The latest round was led by Switzerland’s Smart Energy Innovationsfonds and Austrian VC Verbund X Ventures alongside existing investors Speedinvest (invested recently in QphoX and tibo energy) and smartworks innovation GmbH. 

Nectar will use the investment to fuel its expansion into the corporate fleet market, enabling it to reach more companies worldwide and accelerate the electrification of fleets. Also, the company has been rebranded from Ubiq to Necture. Currently, the company is forming a collaboration with a leading car manufacturer and mobility provider. The announcement will be made shortly.

Electrifies fleets

Founded in 2015 by Christian Adelsberger, Necture helps businesses optimise their fleets and transition seamlessly to electric vehicles using a unique human-driven technology solution. Its AI with human behaviour and predictive SaaS-based platform provide data for fleet managers to make vehicle-specific recommendations for operational tasks such as rebalancing and charging. This increases the adoption of electric fleets, as uptime is optimised and costs are reduced. 

Necture’s platform is used by car sharing and rental fleets to manage their use as well as the transition to electric. As per the company, it is already working with car sharing fleets, including MILES (Germany), Eloop (Vienna) and Awto (Santiago, Chile) in 20 cities in Europe, North America and South America with 15,000 vehicles under management. 

“The pace of climate change demands bold action,” said Christian Adelsberger, Necture Founder and CEO. “This investment reinforces our vision of a sustainable future powered by EVs, and it empowers us to reach more businesses and make a real difference. We are thrilled to tighten our relationship with Smart Energy Innovationsfonds and Verbund X Ventures, and we believe their deep understanding of the energy and mobility sectors will be invaluable.”

“Necture’s human-driven technology approach to EV fleet management is truly innovative and addresses a critical need in the market. Combining software with hardware infrastructure is crucial. Necture will make shared mobility and fleets more accessible and accelerate their roll-out. And we believe this can be also extended to other mobility offerings in the future. This also supports the strategic direction of our fund,” said Lars Hennersdorf, Investment Manager at Smart Energy Innovationsfonds.

Franz Zöchbauer, Managing Director of VERBUND X Ventures, added: “Necture’s expertise in both car sharing and fleet management, combined with their data-driven platform, uniquely positions them to address the specific needs of businesses transitioning to EVs. The company has shown tremendous growth. Our investment will accelerate this even further. Necture’s will significantly impact the electrification of corporate fleets – we’re looking forward to being a part of this journey.”

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