Pionix a German based start-up raised funding. The transportation sector is a significant contributor, accounting for nearly 25% of global greenhouse gas emissions. To combat this, electrification has emerged as the most effective solution for decarbonization. The adoption of electric vehicles (EVs) spans various modes of transportation, including scooters, cars, trucks, buses, boats, and even aircraft. Projections indicate that by 2040, there will be over a billion EV chargers worldwide.
As the market for EV charging stations grows, each manufacturer develops its own proprietary software. However, to ensure seamless functionality within the larger ecosystem involving different brands, vehicles, and energy networks, a standardized approach is essential.
Also Read :- Game Streaming Startup Rooter Secures $16 Million Funding from Lightbox.
“German Startup PIONIX Secures €5 Million in Funding to Drive Global Standardization in EV Charging Industry”
This is precisely where PIONIX, a German-based company, steps in. Their innovative solution offers a standardized core that facilitates accelerated product development, cost savings, and compatibility across the entire network of stakeholders.
Exciting news has emerged as PIONIX recently completed an oversubscribed seed financing round, securing an impressive €5 million. Notable investors in the round include climate tech fund Pale Blue Dot, which recently closed a €93M fund and invested in Amini Corp, as well as yabeo Impact AG. Additionally, Axeleo Capital, Vireo Ventures, and MobilityFund participated in the financing.
This substantial funding will enable the German startup to establish its open-source stack, EVerest, as the global standard for streamlined and efficient development within the EV charging industry.
Joel Larsson, general partner at Pale Blue Dot, expressed the importance of PIONIX’s role, stating, “Similar to how Android accelerated the smartphone market over the past 20 years, PIONIX will play a similar role in reaching a billion chargers worldwide, which is necessary for reducing carbon emissions from transportation.”
Also Read :- Impact of Supply Chain Disruptions on C-suite Decision-making
Dr. Marco Möller, CEO of PIONIX GmbH, outlined their mission, stating, “Our goal is to expedite the development of the EV charging industry, enhancing its speed, cost-efficiency, and innovation. With this funding, we can establish ourselves as the unified and modular platform for EV charging technology. We will expand our global presence and enable even more advanced features.”
PIONIX’s inception in 2021 by Benjamin Mosler, Cornelius Claussen, Falko Tappen, Johanna Claussen, and Marco Möller marks the beginning of a revolution in the EV charging industry. The team behind PIONIX previously achieved success with MAVinci, a drone startup that was later acquired by Intel.
At the forefront of their groundbreaking solutions is EVerest, a first-of-its-kind software platform designed to develop, optimize, and harmonize electric vehicle charging infrastructure. By directly addressing the challenge of compatibility issues among various charging systems, EVerest stands as a game-changer in the industry.
PIONIX has already forged partnerships with leading component and charging station manufacturers, such as Texas Instruments and Mahle. These collaborations enable the delivery of tailored applications and unparalleled support, ensuring seamless integration of EVerest while meeting the unique requirements of each client.
Also Read :- PhonePe Owned By Walmart Soon Launch App Store To Take On Google
