Maxem has successfully raised EUR 3.6 million in Series A funding to expand its intelligent e-mobility and energy management platform, addressing the growing electrification needs of businesses amidst grid congestion challenges.

Information on the Target

Maxem is a B2B charging and energy management platform that specializes in optimizing electric vehicle (EV) charging operations for businesses. The company enables clients to improve their energy flow management, thus reducing reliance on extensive grid connections and facilitating the electrification of fleet vehicles. Recently, Maxem raised EUR 3.6 million in Series A funding led by SHIFT Invest, alongside existing investors like Breesaap Green Link. This funding aims to bolster Maxem's team and operational capabilities.

Industry Overview in the Target’s Specific Country

The electrification of vehicles has gained significant momentum in recent years, driven by regulatory measures and climate objectives. Governments are imposing stricter emission standards for public and commercial transportation, compelling businesses, particularly those with substantial fleets, to adapt to this rapid shift. However, many companies are unprepared for the scaling demands accompanying such electrification, leading to increased energy requirements.

Moreover, the European power grid faces a serious congestion problem, limiting businesses' ability to secure adequate grid connectio