ENAPI, a company focused on transforming electric vehicle (EV) charging connectivity, has secured €7.5 million in a Seed funding round. The round was led by Voyager Ventures, with participation from existing investors Project A, Seedcamp, and Helloworld VC. This latest investment follows a €2.5 million pre-seed round in early 2024, bringing the company’s total funding to €10 million. The new funds will help ENAPI in its mission to simplify and standardize connectivity in the EV charging ecosystem.
In just six months, ENAPI has onboarded more than 350,000 charge points and partnered with eight of Europe’s ten largest eMobility Service Providers (eMSPs). The company’s platform helps Charge Point Operators (CPOs) and Charge Point Management Systems (CPMS) exchange transaction data with eMSPs, making EV charging more efficient. Currently, the infrastructure for EV charging transactions is complex and lacks scalability. ENAPI’s solution allows CPOs and eMSPs to communicate seamlessly, eliminating inefficiencies and making transactions more affordable.
For EV drivers, this technology means better reliability and access to charging stations. Poor information about charger availability and reliability has been a major issue in the industry. According to McKinsey, 70% of EV drivers are dissatisfied with the public charging infrastructure. By improving data exchange between CPOs and eMSPs, ENAPI aims to remove one of the biggest barriers to EV adoption.
The benefits of ENAPI’s platform extend to CPOs, giving them full control and flexibility over their networks. Additionally, it eliminates transaction costs and improves data accuracy. With most of its pre-seed funding still available, this successful funding round reflects strong market confidence in ENAPI’s potential. The company aims to build on its early success and become a key partner in the EV charging industry.
Jakob Kleihues, CEO and co-founder of ENAPI stated that the company’s goal is to make EV charging transactions seamless, efficient, and accessible. He emphasized that simplifying payments and data transfer would allow businesses to focus on advancing EV adoption. The new funding will help ENAPI scale its secure transaction infrastructure, expand its presence in Europe and the US, and grow its technical team.
Sierra Peterson, Founding Partner at Voyager Ventures, highlighted ENAPI’s role in solving industry fragmentation. She stated that the company’s technology is crucial for creating a seamless, scalable, and cost-effective EV charging network. To support its expansion, ENAPI has appointed Sierra Peterson to its Board, along with Philipp Werner, a Partner at Project A.
ENAPI is also strengthening its leadership team. Leopold Lerach, formerly with Project A, has joined as Chief Operating Officer (COO). As an early investor and supporter, he brings experience in scaling data infrastructure solutions. The company continues to recruit top technical talent to enhance its platform and maintain its competitive advantage.
Philipp Werner from Project A praised ENAPI’s achievements, noting that in just 12 months, the company has brought a significant shift in EV charging software infrastructure. He expressed confidence in ENAPI’s ability to drive industry-wide adoption of its transaction broker technology. ENAPI is building what could become the clearing house for EV charging transactions, and its investors are committed to supporting this vision.
With its rapid growth and strong investor backing, ENAPI is well-positioned to reshape the EV charging industry. By simplifying the connectivity between CPOs and eMSPs, the company is playing a crucial role in making EV charging more reliable and accessible for drivers and businesses alike.
