Rockstart, global early stage investor, announces its co-investment in Soolutions, a Rockstart Energy portfolio company based in the Netherlands. The €800k seed round was led by a consortium of angel investors with Rockstart as co-investor. The startup plans to use the funding to scale their sales team and further develop its marketplace features.
Soolutions is an online platform providing Electric Vehicle Charging equipment for home owners and EV drivers. This includes charging cables and stations, certified installation services, adaptors, accessories and much more. Their products and services are accessible via the “Manage Yourself” shop and the “Turn key” Charge Configurator. These products range from electric vehicle charging stations to adapters and from installation to station management services. Via their free and consumer friendly tools, Soolutions enables every household to take part in an energy neutral world. Solutions is also accessible to businesses. By creating value added services for each of the ecosystem players, the company is creating a network effect for suppliers, enterprises, and consumers. The platform is available in the EU and beyond, products have been shipped to more than 30 countries. More than 10.000 orders have been received so far on the platform.
Commenting on the round, Don Ritzen, Interim Managing Partner Energy, Rockstart states: “ Joury is one of those rare entrepreneurs with a huge vision of what he wants to accomplish and who has the experience and drive to do it. Joury’s been active in the EV business for longer than anyone we’ve met and has relevant experience on what it’s like to scale a company from his time with ChargePoint, from employee #30 to IPO. With Soolutions, Joury and his team have made huge progress in strategy since his participation in the Rockstart Energy program last year and we believe that Joury and the team are going to grow Soolutions into an international success story.”
Joury de Reuver , CEO, Soolutions also states: ”Mass adoption of Electric Vehicles requires mass adoption of home charging. With our new round of funding and strong network of investors we are now able to further scale our sales team and accelerate the development of marketplace tools for our partners and customers. A green future is on the horizon and we are proud to be part of this movement.”
The consortium of angel investors commented: “The angel investors of Soolutions funding angel investors are strong believers in the need for cleaner transportation and see a huge opportunity in the home charging and energy market. With our investment in Soolutions we support an innovative business model and underlying technology ready to take on this challenge.”
Rockstart empowers purpose-driven founders on their way to success across three domains: AgriFood, Energy, and Emerging Technologies. In the last quarter of 2020, Rockstart has launched its 22M+ Energy venture capital fund, backed by institutional investors, European family offices, informal investors and the government. Through its Energy fund, Rockstart invests in seed-stage startups contributing to the energy transition. Soolutions is one of the first follow-on investments from the fund together with Technology Catalogue and Klimate. The fund also made initial investments in Advanced Infrastructure, Bia, eDRV, Helio, Okto, and Starke prior to these startups joining its acceleration program last spring, and Sympheny and Lanterne this autumn.