# ubitricity Gesellschaft fur verteilte Energiesysteme mbh

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ubitricity-gesellschaft-fur-verteilte-energiesysteme-mbh

- Industry: Power & Utilities
- Headquarters: Berlin, Germany
- Website: www.ubitricity.com
- Total disclosed funding: $25M
- Latest round: Series C (Mar 5, 2019)
- Investors on record: 6

## About

ubitricity offers innovative electric vehicle (EV) charging solutions by converting existing infrastructure, such as lampposts, into convenient charging points for urban environments.Founded in 2008 and headquartered in Berlin, Germany, ubitricity specializes in EV charging technology. The company has experienced significant growth, especially after being acquired by Shell International B.V. in January 2021. Daniel Kunkel serves as the CEO, leading the company's focus on expanding its operations throughout Europe. ubitricity has successfully completed 6 funding deals, with its most recent being a Series C round in January 2021, raising EUR 20.000 mn led by American Honda Master Trust, which brings the total amount raised to EUR 20.000 mn and a current valuation of EUR 63.158 mn.ubitricity specializes in providing innovative public electric vehicle (EV) charging solutions, primarily transforming lampposts and bollards into EV charging points. Their offerings include AC fast chargers and DC rapid chargers, addressing the needs of both residential and public users. The company has installed over 8,000 charging points in the UK and expanded to over 10,000 charging points in Europe, including Germany, France, and the Netherlands. Their services cater to local governments, public infrastructure managers, and EV drivers seeking accessible charging solutions.In 2023, ubitricity reported a revenue of EUR 7,258,580.90 with an EBITDA of EUR -22,873,907.50, reflecting the company's ongoing development in the EV charging sector and its partnerships with local authorities.ubitricity plans to expand its innovative charging solutions, aiming to introduce new products tailored for enhanced urban EV charging infrastructure by 2025. The company is targeting new markets across Europe, specifically looking to increase its presence in France and the Netherlands. The recent funding will support these initiatives, allowing for more development and deployment of their EV charging network following the acquisition by Shell International B.V. in January 2021.

## Funding rounds

- Series C, Mar 5, 2019, $22M — N47, American Honda Master Trust, EDF Group, VC Fonds Technologie Berlin
- Series B, May 16, 2013 — Earlybird, IBB Ventures
- Series A, May 31, 2010, $2.2M — Earlybird

## Investors

- Earlybird (https://capitalatlas.ai/funds/earlybird) — Series A, Series B
- IBB Ventures (https://capitalatlas.ai/funds/ibb-ventures) — Series B
- N47 (https://capitalatlas.ai/funds/n47) — Series C
- American Honda Master Trust — Series C
- EDF Group — Series C
- VC Fonds Technologie Berlin — Series C