Target Information
ChargeX GmbH, established in 2018 and based in Munich, specializes in developing and producing innovative charging solutions for electric vehicles. The company's flagship product, the Aqueduct charging system, is an intelligent and patented modular solution that allows for the charging of multiple electric vehicles through a single main connection. By using a Plug&Play design, the system can seamlessly expand to accommodate up to ten charging points, distributing energy according to demand.
Currently, ChargeX has installed thousands of charging modules, catering to over 500 businesses. With a mission to facilitate electric vehicle charging at homes and workplaces, ChargeX aims to charge vehicles when they are not in use, thus optimizing energy consumption and broadening access to charging infrastructure.
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Industry Overview
The electric vehicle industry in Germany is witnessing rapid growth, greatly increasing the demand for charging infrastructures. According to a study by the German National Control Center, it is predicted that by 2
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UVC Partners
invested in
ChargeX
in 2023
in a Series B deal
Disclosed details
Transaction Size: $12M