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NETHERLANDS, 13 July 2023: Rocsys, the leading provider of autonomous charging solutions for electric transportation, has secured USD 36.8m (€33m) in Series A funding. The round was led by SEB Greentech Venture Capital, with participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One.
Rocsys’ technology uses soft robotics, AI-based computer vision, and data-driven services to easily adapt existing chargers into an autonomous system that can plug in and out without manual intervention. This removes the risk of operator errors, ensures regulatory compliance and vehicle uptime, and minimizes damage and human exposure to high-voltage equipment.
The funding will be used to expand Rocsys’ capabilities and scale its presence in the United States and Europe. The company plans to invest in research and development, as well as build out its North American division.
“There’s too much friction in the EV charging process today, creating needless barriers to sustainable transportation,” said Rocsys Co-founder and CEO Crijn Bouman. “That’s why we created a technology-agnostic solution that converts any charger into a fully automated experience, maximizing the return on investment and sustainability impact of already-installed charging infrastructure. With this Series A funding, we’re bringing this breakthrough solution to more customers and industries worldwide.”
Rocsys’ technology has the potential to revolutionize the EV charging industry. By removing the need for manual intervention, Rocsys can help to ensure that vehicles are always charged and ready to go. This will make EV adoption more convenient and accessible, and help to accelerate the transition to a cleaner transportation future.
Here are some of the key benefits of Rocsys’ autonomous charging technology:
- Increased uptime: Autonomous charging can help to reduce the risk of operator errors, which can lead to downtime.
- Improved safety: Autonomous charging can help to minimize the risk of human exposure to high-voltage equipment.
- Increased efficiency: Autonomous charging can help to maximize the use of charging infrastructure.
- Reduced environmental impact: Autonomous charging can help to reduce CO2 emissions by eliminating the need for manual plugging and unplugging.
Rocsys is well-positioned to capitalize on the growing demand for autonomous charging solutions. The company has a strong team with a proven track record, and its technology is backed by a strong intellectual property portfolio. Rocsys is also well-funded, which will allow it to continue to develop its technology and expand its market reach.
