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London Tech Week

Betting big on EVs, Service4Charger from Germany raises €10M in a round led by bp ventures

Service4Charger founders
Picture credits: Service4Charger

Service4Charger, a Berlin-based provider for the planning, installation, operation and maintenance of EV charging infrastructure, has snapped €10 million in a Series A funding round. The investment round was led by London-headquartered bp ventures, which invested €7.5 million. The VC firm has backed Magenta Mobility and Flylogix.

The other €2.5 million funds came from Smart Energy Innovationsfonds, the corporate venture capital arm of Energie 360°, a Swiss energy provider that invests in sustainable companies across the energy sector in Germany, Austria and Switzerland.

Plans to electrify Aral pulse fleet 

Service4Charger and bp have been working together to electrify Aral pulse fleet customers in Germany and plan to further expand their collaboration. Service4Charger and bp have signed a multi-year commercial agreement to expand several thousand charging points within the next few years. Aral pulse and Service4Charger intend to jointly offer Aral customers the planning and installation, operation and maintenance of charging point infrastructure.  

Currently, bp offers 22,000 EV charging points and aims to have more than 100,000 worldwide by 2030. Germany, where bp’s e-mobility business operates under the Aral pulse brand, is a central pillar of bp’s EV offering, with around 1,500 ultrafast charging points across the country. 

Lucas Althammer, CEO of Service4Charger, said: “The new capital will enable Service4Charger to expand into additional markets and add more local operational staff and Service4Charger Mobile Heroes to our team across Germany. In this way, we are doing our part to expand the charging infrastructure for e-vehicles, which is critical to the transition to a lower-carbon European economy. We welcome the funding from, and collaboration with, bp and its German brand Aral as well as Energie 360° as we work together to drive the electrification of mobility.”

Lars Hennersdorf, Investment Manager, Smart Energy Innovationsfonds, Energie 360° and future member of the Service4Charger Advisory Board, expands: “We are excited about the dedication and speed of Service4Charger and want to help them internationalize into new markets.”

Gareth Burns, vice president of bp ventures, added: “As bp pulse rolls out EV charging it is essential that we have the right skill sets and expertise to make charging installations an efficient process and to service our growing network of EV charge points. The investment into Service4Charger brings bp a collaboration that can enable rapid and reliable installation and servicing of EV charge points in Germany.”

Focus on the EV transition 

Founded in 2019 in Germany, Service4Charger combines craftsmanship and digitalisation and offers intelligent, scalable e-mobility concepts as well as full-service implementation on the ground. The service portfolio includes planning, installation, operation as well as maintenance of charging infrastructure for private, semi-public and public spaces. 

Service4Charger relies on digital, standardised processes as well as specifically trained and digitally equipped blue collar workers and EV specialists. As a certified E-brand company with its own electrical trade concession, Service4Charger works exclusively with its own electricians, enabling the team to act quickly nationwide.

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