V2C closes a funding round of €1M to market 100,000 e-Chargers worldwide

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All investment focus in the Valencian Community has been centered on V2C. The company, dedicated to the development and manufacturing of e-Chargers for electric vehicles, has announced the closing of its first investment round of €1M, thus becoming the most significant operation in the production and commercialization of charging points in this region to date. 

With the influx of capital, V2C has a strategic plan to accelerate the company’s growth, multiply e-Charger sales globally, and launch new smart solutions for electric vehicle charging. Its goal is to market over 100,000 chargers worldwide in the next 5 years.

In recent years, the technology company has sold over 7,000 charging points worldwide and has developed a plan to sell more than 100,000 in the next 5 years

A company with positive cash flows since its founding in 2015 by Víctor Sanchis. “V2C is  building the forefront, designing and implementing new sustainable mobility with tangible results: over 7,000 electric chargers sold worldwide and continuously positive EBITDA. We could say that the future is passing through here, through Valencia, and not just through Silicon Valley.” For Sanchis, “Valencia will be present at the end of the story of polluting energies. We propose a consolidated industrial model, based on clean energies, that incorporates local talent, with Valencian R&D and its own production capacity”.

This financial injection has been made by two of the main Spanish investment funds: Tech Transfer UPV, managed by the venture capital firm Clave Capital, and Easo Ventures. “This operation has been a strategic success for the following reasons: the growth in demand for charging points and electric vehicles; the socio-political context in which the European Commission has approved the well-known European Green Deal, which presents great opportunities for the company; and that V2C is a company with positive EBITDA (+) and a good positioning in Spain and Portugal,” explains Diego Martínez, analyst at the TTUPV Fund. 

“The path already traveled by V2C and its agility to develop and incorporate innovations in its devices confirm that it has the potential to be a solid reference for electric vehicle chargers both nationally and internationally. At Easo Ventures, we want to support V2C by accelerating its growth in the current context of transformation in the automotive sector towards electrification.”

Teresa Gómez, Investment Associate at Easo Ventures

The operation has been advised by the law firm Aktion Legal Partners and the consulting firm Grupo Ifedes.