Since 2017, Ecog has provided a software technology solution for charging station manufacturers. It enables cost-efficient development of fast-charging stations – so-called DC charging stations – for electric vehicles. The Ecog | OS charging technology and operating system solution can be deployed modularly as a hardware-software or software-only solution. According to the company, 15 different manufacturers are already using the Munich-based company’s technology for more than 24 different charger series. With the new capital, the startup plans to advance its business in Europe and India and further expand its market presence in the United States.
“30 percent market share in sight”
Jörg Heuer, CEO of the Munich startup, says:
“Ecog’s success is based on the synergy of our partners in the ecosystem and the passion and drive of our global team from 14 nations. As a thought leader in e-charging, we have followed a focused and successful path to profitability since our start five years ago. Together with our partners, we now have 30 percent market share in sight and are returning in 2023 to our roots in Detroit to further shape the market in North America.”
Andreas Heubl, senior investment manager at BayBG, says:
“Ecog has become the dominant operating system for DC charging stations in just a few years and provides charging station manufacturers with outstanding software technology solutions. Ecog’s renowned customers, strong ecosystem, and tremendous growth speak for themselves. Accordingly, we are very pleased to be able to accompany Ecog in its international scaling as an investor.”
“High value creation on a global level”
And Sven Matzelsberger from the Lindner Group is confident:
“Ecog’s journey so far is impressive, and we look forward to working in the future with one of the leading manufacturers of an operating system in a very forward-looking application. At Lindner, sustainability and resource conservation have always been a major focus and have been firmly anchored since 2008 with the vision of ‘climate-neutral production’. This collaboration with Ecog perfectly fits our philosophy. We see Ecog as a company that will provide high value creation in the field of electromobility on a global level.”
