Easelink, has raised €1.5 million in new funding led by VERBUND X Ventures.
VERBUND X Ventures, the corporate venture capital unit of Austrian energy company VERBUND, is investing EUR 1.5 million in Easelink, a leading high-tech company based in Graz. The investment supports Easelink in expanding international customer relationships with OEMs and in further developing the global industry standard.
Pioneer of automated charging technology for electric vehicles
Easelink was founded with the vision of revolutionizing the charging infrastructure for electric vehicles. The patented Matrix Charging® technology enables fully automated, conductive charging of electric vehicles without manually plugging in a charging cable. As soon as the vehicle is positioned over a charging pad, the Matrix Charging® Pad, a connector lowers from the underbody of the car and connects to the pad fully automatically. This method is characterized by a transmission efficiency of over 99%, making it one of the market’s most energy-efficient automated charging solutions.
Easelink’s automated charging solution offers the potential to significantly support electromobility and accelerate the transition to a sustainable energy system. With this investment, we are making an important contribution to decarbonization in Europe by further developing innovative, customer-oriented solutions in the field of electromobility.
Michael Strugl, CEO of VERBUND AG
Strong market opportunities and the importance of automated charging infrastructure
E-mobility is gaining in importance worldwide. By 2030, around 9 million electric vehicles are expected to be sold annually in Europe. Nevertheless, the charging infrastructure remains one of the biggest challenges for the widespread introduction of electric vehicles. With its Matrix Charging® technology, Easelink is positioning itself as a leading solution provider that significantly simplifies and automates the charging process.
Easelink is pursuing a high level of ambition with a potentially disruptive technology developed in Austria. This innovation fits in with our strategy of promoting disruptive technologies. It is particularly important for us to work closely with Easelink to support the company in scaling and further developing its business models.
Franz Zöchbauer, Managing Director at VERBUND X Ventures
Cooperation and international growth
Easelink is already working with leading car manufacturers who want to integrate Matrix Charging® technology into their future vehicle models. With offices in Austria and China and a highly qualified team of around 40 employees, Easelink is ideally positioned to tap into the international market. Thanks to its first-mover position and comprehensive patent protection, the company has a significant competitive advantage in the field of charging infrastructure.
We are convinced that automated charging is the key to the widespread adoption of electromobility. With Matrix Charging, we offer an efficient and user-friendly solution that benefits both end users and the infrastructure.
Hermann Stockinger, CEO & Founder of Easelink
Now that Easelink has raised new funding, VERBUND X Ventures has underlined its commitment to innovation in the energy sector and the promotion of e-mobility. Easelink is a key player whose technology will help to increase the acceptance of electric vehicles and improve the energy management of the future.
