V2C, a Valencia-based company dedicated to the design and development of smart chargers for electric vehicles, has closed a 5 million euro investment round led by SC Net Zero Ventures, a fund managed by Suma Capital in strategic partnership with Repsol as the anchor investor. This funding will enable the company to drive growth in key European markets and lead its segment in electric mobility.
With this new capital injection, V2C strengthens its strategic plan, which has already begun to materialise with the opening of its own offices in France and Italy, each with local teams, as well as its headquarters in Portugal. In other European countries and North Africa, the company distributes its solutions through specialised distributors. At its central headquarters in Valencia, V2C manages the entire value chain, from product development to manufacturing, focusing on local suppliers and a just-in-time production model.
The electric charger company aligns with the vision of SC Net Zero Ventures, a fund created by Repsol and Suma Capital to support companies developing innovative technologies that accelerate the energy transition. As part of this collaboration, Repsol has already started to commercialise and install V2C chargers, thereby strengthening the company’s market presence.
According to Carlos Vidal, CFO of V2C, the investment round “provides a crucial boost to the company’s growth and international consolidation plan.”
V2C’s Growth
In recent years, V2C has experienced exponential growth thanks to its ecosystem of semi-fast charging solutions that combine both hardware and software. Highlights include innovations such as V2C Cloud and V2C Payments, a SaaS solution that allows for energy commercialisation through its chargers. Furthermore, the integration of payment terminals (TPVs) in its chargers enables direct card payments, removing the need for external applications.
Amidst this exponential growth, V2C’s client base includes notable names such as Saltoki (its exclusive distributor in Spain), Galp, Repsol, Mutua Madrileña, Renault, BMW, Volvo, Europcar, and the airports of Madrid and Barcelona.
Positive EBITDA since inception
This growth has not hindered V2C from being profitable and generating positive cash flow. The company has maintained positive profitability since its founding, achieving positive EBITDA figures since its establishment in 2015—a significant achievement in an entrepreneurial ecosystem where hyper-growth without profitability is often the norm.
This ability to maintain positive profitability has not gone unnoticed by investors. Ten months ago, Mutua Madrileña led a 4-million-euro investment round. To date, V2C has raised a total of 10 million euros in funding, which also includes participation from Easo Ventures and Clave Capital.