Cleantech Invest is entering the electric vehicle market by

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Mar 3, 2015 at 2:15 AM

Cleantech Invest is entering the electric vehicle market by investing in PlugSurfing GmbH

Cleantech Invest Plc Company Release 3 March 2015 at 9 am (EET) Cleantech Invest is entering the electric vehicle market by investing in PlugSurfing GmbH Cleantech Invest Plc has made an investment in PlugSurfing GmbH, taking a stake of 3.45%. Other participants in the investment round include PlugSurfing's advisor Dr Gregor Matthies, as well as a US-based incubator and venture fund. PlugSurfing will use the investment for international expansion. By aggregating many large charging point operators into one platform, PlugSurfing can be regarded as a market leader in location finding and payment services of electric vehicle charging points. With PlugSurfing's App a driver can find, access and pay for charging at different electric car charging stations, without being a direct customer of a certain charging station provider. PlugSurfing now operates its payment service in 5 countries covering over 10,000 charging points and aims to have Europe-wide coverage by the end of 2015. Transactions for charging points will be the main source of revenue in future, and the company already works with a number of major OEMs. Based on global EV registrations, the market for electric vehicle has grown by 126% between 2012 and 2014 with over 700,000 EVs currently on the road globally. With growth estimated to continue, forecasts predict that there will 10 million EVs on the road by the end of 2020. Alexander Lidgren, Managing Director at Cleantech Invest: "We believe that PlugSurfing has already built a unique position to capitalise on the development of this market and believe that the team is perfectly suited to do this. We are pleased to step into the electric vehicle business space through this deal. The estimated growth figures in this market are very exciting and it is truly inspiring to be part of the evolution of electric vehicles." "The investment is also the first one for us in Germany, a market where the focus on energy efficiency is peaking right now as the country leads the way to become fossil-free through the Energiewende." "As we now become more active on the German market we believe it will benefit more of our cases. Pay-back periods for energy efficiency solutions are a direct consequence of energy prices. If you compare energy prices in Helsinki and Berlin, they are more than double in the latter, making it a very interesting market for many of our cases." Adam Woolway, Managing Director at PlugSurfing: "We are truly delighted to work with Cleantech Invest who, not only share our core beliefs around sustainability, innovation and the EV market, but also open up a new opportunity for our services in Scandinavia. With investment from the US and Germany as well, we are entering into a very exciting phase at PlugSurfing." CLEANTECH INVEST PLC Further information: Alexander Lidgren, Managing Director of Cleantech Invest Plc, tel. +46 73 660 1007, alexander.lidgren@cleantechinvest.com Certified Advisor Access Partners Oy, tel. +358 9 682 9500. Cleantech Invest in brief Cleantech Invest focuses on clean energy and efficient use of natural resources. The company owns minorities in a diversified portfolio of companies and is actively looking for new capital light and high impact businesses within the cleantech universe. Cleantech Invest invests in the most promising early-stage and growth cleantech companies in Finland, Sweden and in the Baltic Sea area. The company management team members are international pioneers in cleantech investing. Cleantech Invest is also a designated Accelerator in the Vigo Program initiated by the Ministry of Employment and the Economy. www.cleantechinvest.com. PlugSurfing in brief PlugSurfing is Europe's leading app for EV driving and biggest community of electric vehicle drivers. Founded by Adam Woolway (UK) and Jacob van Zonneveld (NL), the young and international Berlin-based start-up offers free apps to revolutionise sustainable mobility, including the locating, and paying for charging points. PlugSurfing's vision is to remove all barriers that currently exist to carbon-free mobility. [HUG#1898949]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Farm Aid 2026: A Resilient Tribute to Family Farmers

Shining a Light on Essential Family Farmers Every year, thousands gather for Farm Aid to back the unsung heroes who put food on our plates. In 2026, the scene shifted to the amphitheater at Virginia Beach, where an epic lineup of music took stage not just to entertain but to underline a critical issue—family farmers are fighting for survival. These folks aren't merely...

Cut Winter Heating Costs with Townsend's Rebate Help

Unseen Perils of Winter Heating in Massachusetts Massachusetts homeowners, listen up. If your heating system is older than the Model T, it's time to rethink your winter strategy. You don't want to be stuck in the cold when the thermometer hits single digits, do you? That's where Townsend comes in, making waves with their rebate assistance program. Navigating the Rebate...

Endurance Energy's Modular Tech Revs Up Southeast Asia

Modular Solutions Steal the Show in Bangkok When a company draws 59,468 attendees from over 150 countries, folks pay attention—and that was exactly the scene at Gastech 2026 in Bangkok. The name buzzing on many lips? Endurance Energy. These guys showcased a fresh take on energy logistics with their skid-mounted liquefaction tech, turning heads with their Southeast Asia...

Timur Turlov Leads FIDE with Chess and Digital Focus

An Unpredicted Victory in Samarkand Well, color me surprised. Timur Turlov's made waves by clinching the role of FIDE President at the General Assembly in Samarkand. This one's quite the turn for the chess world—Kazakhstan’s own stepping up to run the whole show. This isn't just some ceremonial post either. Turlov, who's been pulling strings over at the Kazakhstan...

AST SpaceMobile Faces Class Action Over Misstatements

What's Going On with AST SpaceMobile? Kicking off with a heavy hitter here, folks. AST SpaceMobile, Inc., trading under NASDAQ:ASTS, is under a securities fraud spotlight. We're talking allegations piled higher than a morning stack of pancakes. If you picked up any ASTS shares between March 4, 2025, and July 15, 2026, you're in on this rough ride. There's a class action...

Geron Corp Faces Fiduciary Duty Investigation

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

Jackson Wang's Fantasy IP Hits Hong Kong Stage

A Star-Studded Fantasy Comes Alive Hong Kong isn't just about dim sum and skyline views—it's a magnet for celebrity showcases, and this time, Jackson Wang's pulling the strings. The guy's ventured beyond music and idol fame, diving head-first into creative visuals with his fantasy IP, "Under the Castle" (UTC). Pairing up with Ocean Park's Halloween Fest, he's cooked up...

AI and Storytelling Make Waves in Science Education

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

PACS Group Faces Legal Scrutiny: What to Watch

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

HONA Faces Legal Heat: Investor Lawsuit Over Losses

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...