Pionix raises over €8M to unify global EV charging through open-source technology
German e-mobility startup Pionix secured over €8 million in a late seed round to scale its open-source products for the global e-mobility industry, a move aimed at tackling the fragmentation plaguing the electric vehicle (EV) charging sector. This investment, led by Ascend Capital Partners, underscores the growing need for interoperability and reliability in EV charging infrastructure, which is essential for the e-mobility transition to succeed. The company focuses on addressing the core issues slowing down EV adoption rates. Pionix's products center on a shared software foundation for EV charging technologies, improving compatibility and long-term infrastructure. They spearheaded the EVerest open-source software platform, which has become a significant initiative in cleantech, supported by roughly 600 contributors across over 70 organizations, powering hundreds of thousands of chargers globally. EVerest is designed to reduce compatibility issues within the EV charging ecosystem to foster faster innovation. This funding will enable Pionix to deliver open, modular enterprise products for both software and hardware, directly impacting charger manufacturers, operators, automakers, and fleets. By enhancing interoperability and reducing the high error rates associated with current charging systems, Pionix aims to streamline the user experience, supporting the broader adoption of EVs. The company plans to grow the EVerest open-source ecosystem, fostering global collaboration. Looking ahead, Pionix's expansion and commitment to open-source technology position them as a key player in the evolving EV charging landscape. Their work aligns with European initiatives promoting digital sovereignty and sustainable solutions, which could drive further innovation and investment in the sector.
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