Charge Amps in a SEK 150 million capital raise backed by OK ekonomisk förening, Skellefteå Kraft and Swedbank Robur

Charge Amps, a Stockholm, Sweden-based manufacturer of chargers for electric cars and plug-in hybrids, announced that it secured a pre-IPO capital funding deal totalling SEK 150 million ($16M).

The money was raised from investors from Sweden, including Swedbank Robur, OK ekonomisk förening, Skellefteå Kraft, Concejo AB, LMK and Quinary Investment.

The investment will be used as the company says it intends to list publicly on the local stock exchange in Stockholm.

Charge Amps, founded in 2012 by Fredrik Jonsson and led by CEO Anders Bergtoft, 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. The company says it has sold over 100,000 charge points to B2C and B2B customers in 15 countries and produced sales of SEK 254.2 million ($27M) in 2021.

Charge Amps previously raised another SEK 150 million in 2021.