Month: November 2025

Munich, 20 November 2025 — Delta Charge, a Swedish-German company that is pioneering charging and battery storage solutions for electric trucks, has raised $4.3m equity in an oversubscribed funding round led by Vireo Ventures and Rethink Ventures. The round includes executives from Audi and Allianz, German family offices and founders of Munich’s climate tech ecosystem. The funds will accelerate the growth of Delta Charge’s pan-European network of truck-charging depots and battery-enabled industrial hubs.

Founded in 2024 in Munich, Delta Charge combines battery energy storage systems (BESS) and charging hardware, energy management, and fixed-price charging services to enable European logistics and industry to unlock the economic advantages of large-scale energy operations. Backed by Delta Capacity, one of Scandinavia’s leading battery storage developers and investors, Delta Charge aims to deploy more than €300 million in infrastructure and deliver 1.8 TWh annually of clean energy by 2030.

“This financing marks a defining moment for Delta Charge as we scale our platform and continue to execute our vision,” said Filip Hes, CEO of Delta Charge. “We are seizing a once-in-a-decade opportunity to serve historic load growth and shape a new infrastructure asset class at the heart of Europe’s energy transition. With Rethink’s ambition to redefine transportation and Vireo’s strong commitment to European electrification, as well as Delta Capacity’s experience executing large scale battery projects, we are uniquely positioned to accelerate deployment across our pipeline.”

The announcement comes at a time when heavy-duty electrification is driving unprecedented load growth that could soon rival or even exceed the electricity consumption of Europe’s data centers. As transport could account for almost 50% of the continent’s CO2 emissions by 2030, logistics and freight operations present one of the largest untapped opportunities to substantially cut emissions while reducing per-kilometre costs.

“Operating electric truck fleets at the lowest possible total cost of ownership will rely on smart depot charging solutions that combine battery storage, charging infrastructure, and seamless software integration,” added Jens Philipp Klein, General Partner at Rethink Ventures. “The team at Delta Charge brings deep expertise across energy infrastructure execution, advanced battery software, and a track record of raising hundreds of millions towards rapidly scaling and executing infrastructure pipelines.”

With grid capacity tightening and permitting slowing, depot-based charging and battery storage are projected to attract more than €7 billion in investment by 2030. Positioned at the intersection of logistics and energy flexibility, Delta Charge aims to anchor the infrastructure powering Europe’s zero-carbon freight future.

About Delta Charge

Founded in 2024 by Filip Hes, Johannes Kirnberger and Connor Hanafee, Delta Charge is a Swedish-German energy infrastructure company pioneering end-to-end charging and battery storage solutions for Europe’s freight sector. The company develops and finances a pan-European network of truck-charging depots and battery-enabled industrial hubs. Its platform combines intelligent software, grid-connected batteries, and fixed-price charging services to help fleet operators electrify their operations while supporting a more flexible and resilient power grid.

Backed by Delta Capacity, one of Scandinavia’s leading battery energy storage developers, Delta Charge is led by a founding team with deep expertise across energy infrastructure, advanced battery software, and large-scale project financing. The company aims to deploy over €300 million in infrastructure and deliver 1.8 TWh of clean energy annually by 2030, anchoring the backbone of Europe’s zero-carbon freight future.

Pionix raises over €8 million to scale EV charging enterprise products on the open-source EVerest stack, hosted by Linux Foundation Energy (LF Energy), which allows the industry to build on a shared software foundation.

The open-source approach accelerates innovation while dramatically improving reliability, interoperability and long-term maintainability across the global EV charging ecosystem, which currently sees failed charging session rates of up to 25%.

The EVerest stack is considered a highly impactful open-source initiative within the cleantech space, with an estimated ecosystem value of more than $500 million.

Karlsruhe, GERMANY – 18 November 2025
The German e-mobility tech startup, Pionix, has raised over €8 million to scale its open-source-powered products for the global e-mobility industry. Built on the EVerest stack, Pionix offers a suite of engineering and enterprise services to unify EV charging technology under a common framework. The late seed round was led by Ascend Capital Partners, with participation from Start-up BW Seed Fonds, managed by MBG Baden-Württemberg, Pale blue dot, Vireo Ventures, Axeleo Ventures and further investors.

Despite rapid development across e-mobility in recent years, EV charging remains fragmented. The industry’s growing ecosystem of hardware and software companies operates proprietary, closed software systems that often fail to communicate seamlessly with one another. Failures in interoperability and communication have led to reliability issues, inefficient maintenance of infrastructure and charging session error rates of up to 25%.

Founded in 2021, Pionix’s products offer a shared software foundation for all EV charging technologies, ensuring reliability, interoperability and future-readiness of global infrastructure. In response to the industry’s challenges, Pionix initiated and contributed significantly to EVerest, an open-source software platform. EVerest serves as a common foundation for charger manufacturers, charging operators, automakers and fleets to build on, eliminating compatibility issues and enabling faster innovation across the EV charging ecosystem.

Today, EVerest has grown into one of the most impactful open-source initiatives in cleantech and with support from 600 contributors from more than 70 organizations and powers hundreds of thousands of chargers globally.

The open-source software, donated by Pionix in 2021 to Linux Foundation Energy (LF Energy), has an estimated ecosystem value of more than $500 million – already almost half of the estimated ecosystem value of the Linux kernel, which is considered the world’s most renowned open-source project at roughly $1.2 billion.