Exclusive advisory to chargecloud on a growth financing by RheinEnergie, powercloud and Menneke

With strong industry partners, chargecloud accelerates growth and international expansion of its SaaS platform for e-mobility infrastructure management.

August, 2019. ox8 Corporate Finance advised chargecloud GmbH on its financing round by RheinEnergie, Mennekes and powercloud. The available capital will be used to further expand the organisation and drive internationalization.

With an innovative SaaS solution for the management and billing of charging infrastructure in the e-mobility sector, chargecloud is operating in a very dynamic market environment. As a full-service provider, the young company headquartered in Cologne offers a flexible and modern SaaS solution for charging infrastructure management from the cloud for charge point operators (CPO) as well as mobility service providers (MSP). In addition to RheinEnergie, its renowned client base comprises the major German municipal utilities Mainova and MVV as well as the Federal Ministry for Environment. The modular product structure and the open system enable the greatest possible flexibility for the customer. The customer is not bound to specific hardware requirements and has a white label smartphone app as well as flexible e-roaming options. With Mennekes, powercloud and RheinEnergie, three strong partners from the fields of hardware, software and services for energy-specific topics are pooling their industry-specific know-how.

Axel Lauterborn, Managing Director of chargecloud GmbH: “After the first successful years and rapid growth, we were faced with the decision to significantly accelerate the further expansion of chargecloud with additional financial resources. This required a larger amount of capital in order to make chargecloud powerful for the coming years. Thanks to the excellent support of ox8 Corporate Finance this goal was achieved in the best possible way and the ideal volume of financing was secured”.

Chargecloud

chargecloud GmbH located in Cologne is a full-service provider of a flexible and modern Software-as-a-Service solution for the administration and billing of e-mobility charging infrastructure. The modular product structure and the open system give customers the greatest possible flexibility, whether they act as a charge point operator (CPO) or a mobility service provider (MSP).

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Rheinenergie

RheinEnergie AG based in Cologne is a regional utilities company for the supply of electricity, gas, water and heat. The company supplies about 2.5 million people, industry, trade and commerce with energy and drinking water as well as offering comprehensive services for energy-specific topics.

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Mennekes

Founded 1935 in Kirchhundem in the Sauerland region of Germany, MENNEKES has actively accompanied the rapid introduction of electricity into all areas of industry, right up to individual everyday life, and helped to shape it with products and solutions in the field of industrial plugs and sockets. With over 1,100 employees, the family-owned company is operating in over 90 countries around the globe. The product range comprises more than 15,000 different industrial plugs and sockets as well as electromobility solutions in various designs and forms.

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Powercloud

powercloud GmbH is an innovative and fast-growing cloud software provider for the energy sector. Since its inception in 2012, the company has offered “Software as a Service” (SaaS) solutions for energy utilities of all sizes. The spectrum of services comprises the following divisions: ERP, regulatory processes, billing as well as contract and customer management. In the interests of its customers, the company assigns priority to lean and optimized processes. This has made the enterprise one of the fastest-growing CRM and billing system within the industry.

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