Charge-Amps reaches key milestone in journey to IPO

STOCKHOLM, SWEDEN and LONDON, UNITED KINGDOM – 19 March 2021. Charge Amps AB, a Swedish green-tech company and maker of EV charging solutions which Hampleton supported with bespoke advisory services – has raised $15.3 million ($130m SEK) in a round led by Swedbank Robur.

The investment will be used to further expand and establish Charge Amps’ European presence in key markets for 2021 including the Nordics, the UK, as well as the DACH and Benelux regions. It will also be used towards R&D to enhance Charge Amps’ product offering and innovation, and to ensure operational excellence in preparation for an IPO, which is planned for next year.

Founded in 2012, Charge Amps develops smart AC charging stations, cables, and dedicated cloud software for use at home, in connection to commercial properties and offices, and in public environments.

Hampleton’s automotive and Nordic teams advised Charge-Amps, providing consulting and services supporting the company’s growth strategy.

Michel Annink, Nordic M&A advisor and expert at Hampleton Partners, said: “We are delighted to see our client reach this key milestone in their journey to exit. It was a privilege to work with the Charge-Amps team and we wish the entire team continued success on their growth journey in becoming a leading player on the rapidly expanding EV charging market.”

Miro Parizek, Principal Partner and Founder at Hampleton, said: “We are extremely proud to have worked with Charge-Amps prior to this exciting fundraise. The Nordic region continues to be a one of the most successful hotbeds for technology innovations globally, and Charge-Amps is another excellent example of this.”

The engagement was led by Michel Annink, with Anton Røthe and Tim Stemkens supporting the transaction at Hampleton.
 

Charge Amps’ products are produced in Sweden and developed to be durable in all climates and weather conditions, with its Charge Amps Halo charging station having the highest IP rating on the market. Unlike most of its competitors, which make charging stations from plastic, Charge Amps uses recycled aluminium in its products, recognised by their distinctively sleek and iconic design, which has been developed by former Koenigsegg Design Director, Joachim Nordvall.

Charge Amps’ charging stations are made to be user-friendly and reduce the impact from EV charging on the grid system, while maximising energy and cost efficiency. This is made possible through:

Dynamic phase and load balancing – to ensure that users do not overload the available electrical capacity. This is controlled via Charge Amps’ smart power monitor, Amp Guard, which connects to the Charge Amps Cloud platform.

Smart charging – that schedules charging to when capacity is available and enables the lowest possible energy price. This can be controlled via the Charge Amps Cloud Platform and app, or by a user’s energy company, via a unique ‘Partner API’.

Charge Amps products are sold across Europe via distributors and retail partners such as electrical wholesalers, car dealers, charge point operators, and utility providers.

Hampleton Partners is at the forefront of international mergers and acquisitions and corporate finance advisory for companies with technology at their core. Hampleton’s experienced deal makers have built, bought and sold over 100 fast-growing tech businesses and provide hands-on expertise and unrivalled advice to tech entrepreneurs and companies which are looking to accelerate growth and maximise value.

With offices in London, Frankfurt, Stockholm and San Francisco, Hampleton offers a global perspective with sector expertise in: Artificial Intelligence, Autotech, Cybersecurity, Digital Commerce, Enterprise Software, Fintech, Healthtech, HR Tech, Insurtech and IT & Business Services. 

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