Statkraft buys controlling stake in German EV charging start-up

Norwegian state-owned utility Statkraft AS last week announced it has bought a 61% interest in eeMobility GmbH in a deal that marked its entry into the German electric vehicle (EV) charging market.

Munich-based start-up eeMobility develops EV charging solutions for company fleets. Established in 2015, it has 40 employees and provides mobility solutions to over 1,000 vehicles in commercial fleets.

"For the last four years we have built up an agile enterprise bringing to life our vision of intelligently connecting electric vehicles with energy markets by creating charging solutions that address volatility of renewable energy production,” said Klaus Huber, eeMobility co-founder. The other co-founder, Robin Geisler, adds that there is huge potential to steep up future growth by taking advantage of Statkraft’s expertise from advanced EV markets.

Statkraft will seek to create and capture synergies between eeMobility, its German energy management and retail activities, and with its charging business in Norway.

With its e-mobility experience at home, the Norwegian group now wants to expand in other European countries with "leading start-ups that we can help scale". Bjoern Holsen, senior vice president new business at Statkraft, said the company believes the commercial fleet market would play a major role in spreading e-mobility in Germany.

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