Cariqa, a Berlin-based payments and pricing platform for electric vehicle (EV) charging, secured €4M in seed funding. The investment was co-led by Anthemis and Contrarian Ventures. Cariqa aims to address the fragmented payments infrastructure hindering Europe's EV adoption. The founders believe the market’s youth presents an opportunity to establish efficient systems. The funds will be used for expanding into new European markets, enhancing product and engineering teams, and collaborating with charge point operators. Cariqa currently partners with several operators to facilitate its growth and improve EV charging experiences.
Building scalable and resilient payment infrastructure to support EV charging has been totally overlooked. Cariqa's founding team understands the problem at a systems level, and have built the right technical foundation to fix it.
The EV charging market is still young, and that gives us a unique chance to build it right from the ground up. Just because a fragmented and inefficient system has taken hold doesn't mean we have to accept it.
EV drivers deserve transparent pricing. CPOs should be in control of their infrastructure. Together, we can create a better, fairer system without relying on unnecessary intermediaries.
We raised this round on the strength of our team's execution. We delivered our key pre-seed objectives on time with a lean setup. It's now time to build on top of the existing platform.
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