Volteras, the leading data streaming platform for the energy ecosystem, announced the close of its $11.1 million oversubscribed Series A funding round.
This milestone was spearheaded by Union Square Ventures, known for early investments in companies like Twitter, and included participation from fleet card providers Wex and Edenred, alongside existing investors, Exor ventures and Long Journey Ventures.
Wex and Edenred have a combined 24 million vehicles that they service. They see Volteras as a vital part of their transition to electric vehicles. David Klein, Head of WEX Venture Capital, said: “WEX serves over 19 million vehicles across our fleet customers, and we see enormous potential in Volteras’ platform to help fleets unlock the power of their data.” Edenred Ventures Managing Partner, Norbert Furnion, added “The potential applications of their technology-both within Edenred and across the broader mobility and energy software ecosystem-are expanding rapidly. Their focus on official data partnerships sets them apart, and positions them to become a foundational player in this evolving landscape.”
Also Read: Dover Fueling Solutions Expands Wayne PWR DC Fast Charger Line to Accelerate EV Charging Deployment for Retail Fueling Sites
“We’re thrilled to have the support of world class investors who share our vision to transform the energy data ecosystem,” said Peter Wilson, CEO and co-founder of Volteras. “This funding enables us to accelerate part of our mission to securely connect automakers, energy providers, and mobility platforms in unprecedented ways to enable a new generation of energy and mobility apps.”
SOURCE: PRNewswire