EV Charging European Leader Monta Expands to the US
Monta, the Copenhagen-based operating platform powering the EV charging ecosystem, announced the opening of its U.S. headquarters in Miami. The company’s U.S. expansion plan includes connecting 25,000 commercial charge points to its platform by the end of 2025 and 1 million charge points by the end of 2030. Monta will welcome 30 employees, including co-founder and CEO Casper Rasmussen, to its U.S. headquarters in Miami by the end of 2025.
Despite economic and political headwinds, the EV market in the U.S. continues to grow rapidly. BCG estimates that nearly half of all new car sales in the U.S. will be electric by 2030, with 38% of Americans saying their next vehicle purchase will be an EV. Consumer demand is also supported by the necessary investment in charging infrastructure, with the goal of half a million public chargers in place in the next five years.
Yet significant challenges remain within the charging experience in the U.S., with a quarter of all charges still unsuccessful, and an additional 12% successful but with reduced power, according to ChargeHub. This is due to various issues ranging from user interface problems, deficient software glitches, and complex payment processes on several mobile apps and credit card readers. Software tools are needed to enable a smoother, better-optimized charging experience and unlock EV adoption at scale in the U.S.
Since its founding in 2020, Monta has become Europe’s de facto platform for simplifying and streamlining the deployment, use, and management of EV charging infrastructure for businesses and operators. Monta’s solution also assists hardware manufacturers in optimizing their products by enabling them to benchmark charge point brands, provide insights into usage and performance, and accelerate troubleshooting and maintenance time. Following its $87 million (€80M) round of funding in January 2024, the company seeks to build off its success in Europe to bring its EV charging software to market in the U.S.
With two million monthly charging sessions and 165,000 commercial charge points on its platform, Monta has experience working with global partners like Siemens, hardware manufacturers like Rolec, and charge point operators like Uno-X or Eliso, among others.
With its expansion into the U.S., Monta also announced a partnership with Emobi, the largest EV charging ecosystem in North America, to instantly bring its software to more than 118,000 charge points across the US and Canada.
Monta | https://monta.com/en/
Energize Capital | www.energizecap.com
Emobi | www.emobi.ai