EV charging startup VOOL bags €2.9M to scale production, optimise grid usage

Estonian startup VOOL has secured a fresh capital injection of €2.92mn to boost production and development of its EV charging solutions. Specifically, the company closed an additional seed round of €1.3mn and received a €1.6mn grant from the Estonian government.

Founded in 2018, VOOL offers a smart EV charging system, which combines in-house developed hardware and software. This includes the charger, hub, app (B2C), web platform, and admin portal (B2B).

EV charger