Tap Electric raises €4 million to optimize EV charging costs using AI and price data
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Team IO+
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Summary
Tap Electric, an EV charging software company, has raised €4 million in a funding round led by No Such Ventures, with participation from existing investors. The company's app and management platform leverage AI and electricity price fluctuations to guide drivers to the cheapest charging times and locations. The funding will be used to expand operations in the Netherlands, Belgium, the United Kingdom, and Ireland.
Key quotes
· 3 pulledTap Electric, a company developing electric vehicles (EVs) charging software, has raised €4 million.
With AI built directly into the driver experience, the app guides private and business drivers towards the cheapest moments and places to charge.
This funding will support Tap's expansion in the Netherlands, Belgium, the United Kingdom, and Ireland.
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