Image credits: Eco–Movement
Utrecht-based Eco–Movement, a provider of EV charging station data, announced on Tuesday that it has raised an undisclosed amount of funding in a Series A round of funding led by Ponooc and Dow Jones. Existing shareholders Bridford Group and Arches Capital also participated in the round.
The company will use the funds to accelerate global expansion, expand its network of partners and further develop its data product.
Roderick van den Berg, CEO of Eco-Movement, says, “We acknowledge that the relevance of our data is increasing every day. With the support of both Ponooc and Dow Jones, we will further improve our product to help charge point operators with their visibility on mobile and in-car maps and support the EV industry with the best data possible.”
According to numerous expert predictions, there will be nearly 3M public charge points worldwide by 2027. Unfortunately, while the availability is growing, it is hard to find accurate and complete data on charging stations.
This is what the Dutch startup Eco-Movement wants to solve.
Eco-Movement: What you need to know
Founded by Roderick van den Berg and Falco van Vloten, Eco-Movement provides charge point location and pricing information to navigation providers, online maps, and fleet operators.
The company says that all (semi-) public chargers across Europe, North America, and beyond are part of their real-time database.
Specialised in data quality and enrichment, the Dutch company performs over 100 quality checks through a proprietary quality dashboard, IT architecture, and AI.
Almar Latour, CEO of Dow Jones & Co. and publisher of The Wall Street Journal, says, “Our investment in Eco-Movement is a strong complement to our existing expertise in the renewable energy and sustainability arena. The world’s energy transition is a key issue of our time. Dow Jones’s commitment to increasing world-leading expertise in this arena will help our customers make informed decisions as they navigate major energy-related changes in the world as well as their energy transitions.”
Friso Bensdorp, investment director at Ponooc, says, “We have been following Eco-Movement for the last few years and are impressed with the progress the company has made over this period. Eco-Movement has become the trusted source of charge point data in Europe and is ready to expand to other markets. We look forward to supporting Roderick and his team in the next growth phase.”
