Andersen EV secures £1m in seed follow on funding from Mobeus to drive market expansion.
Mobeus provided £1m in growth capital to back the electric vehicle charge point manufacturer.
Andersen EV designs and manufactures high end electric vehicle charge points equipped with industrial grade electronics and advanced smart charging software. The company has established several prestigious original equipment manufacturer partnerships and achieved rapid revenue growth.
Mobeus has provided £1m in seed follow on funding to Andersen EV to support its expansion within the electric vehicle market. The investment follows a period of strong growth for the charge point manufacturer, which multiplied its revenues significantly in the year leading up to February 2020 and recorded its highest trading day in June.
The company combines industrial grade electronics with sophisticated smart charging software, positioning itself to capitalise on rising demand for electric vehicles. Mobeus Investment Director Jane Reoch led the transaction, with support from colleagues Amaad Mahmood and Katia Mendonça, alongside the introduction of Rob Mouser as Executive Chair.
From the founder
"We have a very clear philosophy, which meant finding the right investment partner, who really understood what drives us, was crucial. Going electric is a choice to embrace a sustainable future and we see EV chargers being at the centre of everyone’s smart energy home. This additional funding means that we are very excited about the next stage in our growth journey."
Jérôme Faissat
Co-founder CEO at Andersen EV
Investor perspective
"Andersen has grown rapidly in an attractive market space. The team immediately impressed us with a high end product, best in class software and top tier OEM partnerships."
Jane Reoch
Investment Director, Mobeus
Use of funds
- 01Expand into international markets
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About the company
Andersen EV
Andersen EV designs sleek electric vehicle charge points with advanced smart charging software.