Rocsys, a Netherlands-based provider of autonomous charging solutions for electric transportation, has raised $36 million in a Series A funding round.
The round was led by SEB Greentech Venture Capital, with participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One.
The funding, which consists of both debt and equity financing, will be used to enhance the capabilities of Rocsys' platform and expand its presence in the United States and Europe. The funding will support research and development for additional features, expand software integrations, and strengthen Rocsys' presence in North America.
Rocsys combines soft robotics, AI-based computer vision, and data-driven services to transform existing chargers into autonomous systems that can plug in and out without manual intervention. The technology eliminates the risk of operator errors, ensures regulatory compliance, minimizes damage and human exposure to high-voltage equipment, and guarantees that vehicles are charged and ready to operate.
“There’s too much friction in the EV charging process today, creating needless barriers to sustainable transportation,” said Rocsys Co-founder and CEO Crijn Bouman. “That’s why we created a technology-agnostic solution that converts any charger into a fully automated experience, maximizing the return on investment and sustainability impact of already-installed charging infrastructure. With this Series A funding, we’re bringing this breakthrough solution to more customers and industries worldwide.”
The company has garnered attention from major logistics providers, manufacturers, and international corporations, leading to customer and industry partnerships with companies like Hyster, Taylor Machine Works, and SSA Marine.
Company: ROCSYS B.V.
Round: Series A
Funding Month: July 2023
Lead Investors: SEB Greentech Venture Capital
Additional Investors: Graduate Entrepreneur, the European Investment Bank, and Forward.One
Company Website: https://www.rocsys.com/
Software Category: Autonomous Charging Solutions
About the Company: Founded in 2019, Rocsys is a company that provides autonomous charging solutions for electric vehicles and equipment. With an innovative approach combining soft robotics, AI-based computer vision, and data-driven services, Rocsys creates a reliable, seamless, efficient, and cost-effective charging experience for fleets and consumers. Rocsys ensures reliability in charging by removing the risk of operator errors, maximizing efficiency, and enhancing safety by limiting exposure to high-voltage equipment. Rocsys can easily transform any existing charger into an autonomous system backed by a cloud-connected platform for support and frictionless integration with other fleet management tools. The company is headquartered in The Netherlands, with U.S. operations based out of Portland, Oregon.