Business Creation

Swedish EV charging company CaCharge expands in Europe

April 16, 2020

Growth through partnership with Odyssey Impact Investments

CaCharge, a Swedish industry leader in smart EV charging solutions supported by EIT InnoEnergy, is scaling its European operations and is now selling its charging solution through Benelux partner company Odyssey Impact Investments. CaCharge, whose international expansion kicked off with the launch of a new establishment in Norway in 2019, is currently evaluating establishments in more European countries. 

“If the electric car boom is to become a reality, it must be possible to charge a lot of cars at an economical cost. CaCharge is the only charging solution where every single component is optimised for profitable, large-scale EV charging”, says CaCharge’s CEO Kurt Högnelid.

CaCharge is expanding into Europe with a network of partners and resellers. In March, the company closed its first deal in the Benelux region through the company’s first European partner – Odyssey Impact Investments.

“We are happy to support CaCharge in scaling their operations in Benelux. We need more affordable EV charging infrastructure and we need to enable people to charge their cars while stationary at work and home, which is not possible without an accompanying load balancing solution for multiple parking bays”, says Marina Mouravieva, Partner, Odyssey Impact Investments.

“Europe is on the brink of an electric car boom – the proportion of electric cars sold doubled during the first few months of the year in 2020 in comparison with the same period last year. Now the EV infrastructure will expand quickly”, adds Kurt Högnelid.

Every part of CaCharge’s complete electric car charging solution is designed to make large-scale electric car charging possible and profitable. This includes load management, which evens out power peaks, user management and payment solutions that accommodate multiple contracts for the same parking space.