Autonomous charging system specialist Rocsys gets $36 million funding

Rocsys, a Holland-based company specializing in autonomous chargin systems for electric vehciles, including trucks (here’s an interview we had with CEO and co-founder, Crijn Bouman) received $36 million new funding to bring the project to a former step forward. Led by SEB Greentech Venture Capital, the round also includes participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One. With this latest investment, which includes a roughly equal split of debt and equity financing, Rocsys will expand the capabilities of its platform as it rapidly scales its presence in the United States and Europe.

Rocsys’ CEO and co-founder Bouman speaking

“Manual charging creates unnecessary headaches that can stall adoption of electric and autonomous vehicles, putting businesses behind the curve. The clear solution is autonomous EV charging, which uses a robot to automate the docking process of the charging connector and removes the need for human interaction with the charger“, stated Crijn Bouman on the company’s website. “Working with some of the world’s leading automakers and OEMs, we’ve proven that autonomous charging can increase charging efficiency, boost emissions reductions, and protect people and equipment”.

How will such an amount fo money be employed by Rocsys? “This $36 million investment will help us rapidly scale our operations in several ways. We’ll continue expanding our presence in Europe while bringing more operations, customer service, and manufacturing to the United States and growing our team dedicated to partnering with automakers. On the R&D front, we’ll use the funding to build new features for our platform, such as automated parking guidance, comprehensive software integrations, and additional remote diagnostics and teleoperations support”, added Bouman.