Business Creation

EIT InnoEnergy new shareholder in CaCharge

November 14, 2019

EIT InnoEnergy and Cacharge collaboration started beginning of 2018 when CaCharge entered the Boostway® programme to scale up their operations.  This collaboration is now strengthened with InnoEnergy as a shareholder in the company.

EIT InnoEnergy invests in CaCharge. The promising Swedish company provides an advanced and complete EV charging solution that converts parking spaces into profitable charging stations. 

CaCharge’s solution includes a charging box together with services and operations that allow operators with multiple charging sites – such as real estate companies, tenant-owner associations and municipalities – to make electric car charging easy and without any administrative costs. In addition, CaCharge’s power control evens out power peaks, further cutting on costs.

“InnoEnergy’s partnership is strategically important for CaCharge’s European expansion”, says CaCharge CEO, Kurt Högnelid. “InnoEnergy is the best springboard out there now that CaCharge is entering into partnerships with utilities in Europe. The company has in-depth knowledge of the European energy market and will be encouraging cooperation in the energy sector”.

“CaCharge´s EV charging solutions are well positioned in a market entering into a long period of strong growth. We are therefore keen to increase our involvement in CaCharge and become a shareholder”, says Markus Berglund, Business Creation Manager at EIT InnoEnergy. “Large-scale electrification of the vehicle fleet requires charging infrastructure investments to be profitable and enable charging when and where EV owners’ prefer to charge – namely when the cars are parked, at home or at work. CaCharge offers complete solutions for smart charging of multiple vehicles within the available power capacity. Combined with a clever business model, EV charging is made both simple and profitable for property owners, tenant-owners associations and car parking operators”, adds Markus Berglund.