Accelerating the Nationwide Breakthrough of Electromobility with Innovative Fast-charging Stations
ME Energy raises additional capital in Series A financing round to build serial production and scale in the marketplace
Wildau, April 8, 2021: The company ME Energy - Liquid Electricity, founded in Potsdam in 2019, enables profitable operation at any location with its off-grid and CO2-neutral fast-charging stations, thereby con-tributing to the nationwide breakthrough of electromobility. With the new round of financing, serial pro-duction is ramping up.
ME Energy has developed the Rapid Charger 150, a novel fast-charging solution that for the first time allows electric vehicles to be charged in 10 minutes for a range of around 200 km, independent of any infrastructure and at any desired location. The required charging current is generated CO2-neutrally from bioethanol in the charging station. This eliminates high power grid connection costs, making the operation of fast-charging stations at any location calculable and profitable in advance.
The company, now based in Wildau, already operates its own charging stations in Berlin and Brandenburg and will switch to growth mode in 2021. For the serial product, which can charge two electric vehicles in parallel with 150 kW of system power, customer inquiries are already exceeding the planned production capacities for the current year.
With the current financing round, all previous investors, including Brandenburg Kapital GmbH, the venture capital arm of Brandenburg's development bank ILB, and industry-savvy business angels, have further intensified their previous commitments. In addition, another private investor and an investor from the business environment of a mobility supplier have invested in ME Energy. Together, the investors are en-abling the company to expand its supply chain and build up serial production for scaling in the market.
Alexander Sohl, Managing Director and one of the founders of ME Energy: "With the market entry and the commissioning of the first ME Energy fast-charging stations, our promise to bring fast-charging to any desired location, independent of the power grid and CO2-neutral, has now become reality. From now on, it's all about bringing the product to market in large quantities and establishing ME Energy as a com-plete provider and service partner for off-grid fast-charging solutions. With the financing round comple-ted, we are now very confident that we will achieve this goal by taking big steps rather than small ones."
Dr. Torsten Fiegler, Investment Manager of Brandenburg Kapital, adds: "ME Energy has been part of our portfolio since 2019. With subsidies from the ILB and our additional venture capital, the start-up succee-ded from the business idea to market entry. Now we are even more pleased that the company can con-centrate on rapid expansion in the market with the follow-up financing."
About ME Energy - Liquid Electricity GmbH
ME Energy – Liquid Electricity GmbH is the first provider and operator of off-grid and CO2-neutral fast-charging stations. THE products and services of ME Energy enable the economic and comprehensive breakthrough of electromobility. The company was founded on February 28, 2019 by Alexander Sohl (CEO) and Inès Adler (CTO) in Wildau, Brandenburg, the current headquarters. Since then, ME Energy has been actively supported by the two business angels and investors, Helmut Bröker (former CEO Porsche China) and Uwe Drechsel (former member of the board of directors at Helios Kliniken GmbH). ME Energy currently employs 14 people and has filed nine patents in the field of energy transfer in charging stations. The company was awarded the StartGreen Award 2018 and the Special Prize for Sustainability 2019 and the Best Concept of the Berlin-Brandenburg Business Plan Competition (BPW). ME Energy won the In-novation Award Berlin Brandenburg 2020 and was the Brandenburg state winner of the the KfW Award Gründen. The market entry with pilot fast-charging stations took place in July 2020, and serial production is scheduled to start in the third quarter of 2021.
About Brandenburg Kapital GmbH/ ILB
Brandenburg Kapital GmbH is a subsidiary of the Investitionsbank des Landes Brandenburg (ILB). Since 1993, the venture capital arm of ILB has been providing venture capital to Brandenburg-based compa-nies. As a public venture capital company, experienced lead investor and active partner, Brandenburg Kapital ensures a strong equity base for start-ups and small and medium-sized enterprises in the State of Brandenburg on the basis of a stable group environment. For this purpose, the Early Stage and Growth Fund is currently available in the amount of around 100 million euros. The funds for the Brandenburg Kapital fund, which was set up on behalf of the Brandenburg Ministry of Economics, are currently provid-ed by the European Regional Development Fund and ILB's own resources. Through the investment activi-ties of the ILB, 228 companies have been accompanied on their growth course with around 248 million euros. In addition, private investors have so far invested more than 450 million euros in the companies.
For more information: www.brandenburg-kapital.de