Polish investment firm Warsaw Equity Group has led a €5 million Series A funding round in German EV charging technology company &Charge, joining forces with Porsche Ventures and existing backers including InnoEnergy and Redstone.
The investment underscores growing interest from both financial and strategic investors in solving one of Europe’s most pressing electromobility challenges: the reliability of electric vehicle (EV) charging infrastructure.
Jakub Głowaczewski of Warsaw Equity Group said the investment targets a “fundamental problem” in a fragmented market where operators lack full visibility into their infrastructure.
Bridging the data gap
As EV charging networks expand across Europe, operators are increasingly under pressure to ensure consistent uptime and high-quality on-site user experience.
Common real-world issues such as damaged cables, blocked charging spots, poor signage, or restricted access frequently go undetected by standard monitoring tools, creating a gap between reported and actual performance.
&Charge addresses this challenge through a hybrid model combining a SaaS platform with a network of users and local service partners. This approach enables real-time, on-the-ground data collection, faster issue detection, and resolution.
The company already supports more than 50,000 charging points across Europe and works with major operators such as Ionity, Electra, and Allego.
Its system operates as a closed loop — identifying issues in the field, prioritizing them, resolving problems, and verifying outcomes.
Expansion plans across Europe
With fresh capital, &Charge plans to scale its platform and expand further into key European markets, including Poland and Romania, where demand for reliable charging infrastructure is rising.
Eugen Letkemann, CEO and co-founder of &Charge, noted that “declared availability alone is no longer enough,” emphasizing the need for real-world operational insight as infrastructure scales.
