VELTIUM Smart Chargers has closed a 1.5 million euros financing round led by Capital Energy Quantum together with BASQUE FCR

The renewable energy group’s corporate venturing vehicle has a budget of 20 million euros to drive disruptive projects that will transform the energy sector 

• The Basque start-up VELTIUM Smart Chargers, founded in 2018, is engaged in the development, manufacture and marketing of hardware and software solutions related to electric-vehicle charging  
• This capital increase, backed by Quantum and Gestión de Capital Riesgo del País Vasco of the SPRI Group, will enable the company to strengthen its brand and accelerate the commercial deployment of its products and services, with a view to strengthening its position in the markets in which it is already operating, while at the same time embarking on its internationalisation process 

Vitoria, 17 April 2023.- Capital Energy, a Spanish energy company founded over two decades ago and whose aim is to become the first vertically integrated, fully renewable energy operator on the Iberian Peninsula, continues to consolidate the core role that the duo of innovation and ecological and fair energy transition plays in its strategy. 

Through its corporate venturing vehicle, Quantum, with 800,000 euros, the group has led the financing round launched by VELTIUM for 1.5 million euros and in which BASQUE FCR, which is managed by Gestión de Capital Riesgo del País Vasco of the SPRI Group (Agencia Vasca de Desarrollo Empresarial), has also participated with 700,000 euros. 

VELTIUM is a Basque start-up, founded in 2018, which is engaged in the development, manufacture and marketing of hardware and software solutions related to electric-vehicle charging. This capital increase will enable the company to continue to strengthen to the development of new technologies and accelerate the commercial deployment of its products and services, with a view to strengthening its position in the markets in which it is already operating, while embarking on its internationalisation process. 

Capital Energy Quantum and BASQUE FCR intend to continue driving the growth of VELTIUM, which will proceed with its roadmap of launching new products and services and improving its production capacities, and to accompany the team in its journey through a market of exponential progression. 

David García-Pardo Montoya, CEO of VELTIUM, has stated that “this investment process will make it possible to tackle new technological challenges that will allow us to continue to make stand-out products, always focused on providing simple solutions that are geared towards people and their energy transition process towards decarbonisation. With the support of Capital Energy Quantum and BASQUE FCR, we are also approaching this new venture with a global outlook, and with the goal of bringing all this technology from the Basque Country to new markets in a growing process of internationalisation.” 

Erika Escolar Eguia, CEO of Capital Energy Quantum, highlighted that “the investment in VELTIUM is part of our strategic commitment to create a portfolio comprising companies that we believe will transform and lead the future of energy, with synergies being created between them. There is no longer any shadow of a doubt that the electric vehicle is one of the key solutions for the decarbonisation of transport, and the deployment of infrastructure to support its growing market penetration will be crucial. We have confidence in the VELTIUM team and product, which is why we are delighted to join this exciting project together with our partners at SPRI.”  

Lastly, Arrate Aranbarri, CEO of Gestión de Capital Riesgo del País Vasco, the management company of BASQUE FCR, stated that “the SPRI Group’s venture capital funds continue to foster business development and promotion, seeking to lend priority support to companies in fields related to the requirements of RIS3 Euskadi 2030”.