Reportedly, $1.9 trillion must be spent on charging infrastructure to achieve net-zero commitments by 2050. For this infrastructure to be deployed at scale, developers must find and develop land located at the nexus of where drivers need charging and where high power needs can be met by local grid operators. Property at these key locations will be in high demand, as property will need to be electrified at an unprecedented scale everywhere that vehicles travel and dwell.
A London-based power and electric vehicle charging intelligence and analytics platform Camion helps tackle this challenge. It blends property and location-based information with insights around power supply, traffic movements and localised future energy demand to help different market actors identify the best locations depending on their power needs.
Lands €2.7M funding
Now, Camion has landed €2.7m in a pre-seed funding round led by EQT Ventures (invested in Pactio and Cemvision). First Look Capital and RitMir Ventures also participated in the round, along with notable angel investor Chris Adelsbach.
Camion will use the funding to support the growth of its engineering, machine learning, and data science team to further expand its platform.
Electrifies real estate properties
Founded by Paige Mullen, Lorna Walker, and Jacob Monroe, the Camion team consists of energy and real estate veterans. The platform indexes properties based on their readiness and potential for electrification and provides powerful insights enabling users to act quickly to capitalise on the growing need for electric vehicle charging infrastructure.
Camion enables real estate owners, investors, lenders, and infrastructure developers to discover new properties that are ready for the energy transition, and complete rapid investment diligence ahead of deploying capital.
The platform helps identify the growing electricity needs of communities as the energy transition accelerates while protecting and enhancing property values, as access to this infrastructure becomes non-negotiable. It aligns incentives to unlock and protect trillions in opportunity, avoiding risk to property value and helping real estate owners and infrastructure developers deploy infrastructure at scale.
Jacob Monroe, Founder and CEO at Camion, commented: “The structural shift toward electrification is a huge opportunity for those who act swiftly to understand and deploy electric vehicle charging infrastructure where it is needed. As energy demand and generation become more distributed, electrified real estate will become the next great asset class in the $50 trillion global commercial real estate market. Camion exists to supercharge this once-in-a-century transition through a blend of machine learning, big data, and extensive industry insights.”
Sandra Malmberg, Partner at EQT Ventures, added: “With increasing EV adoption, the real estate sector has the opportunity to become the new gas station for EVs while increasing the value of properties for asset owners and developers. There is no question that the real estate industry is rapidly moving towards widespread electrification, and Camion’s platform is removing bottlenecks along the way to scale.”
