EcoG to raise €1.5 million from investors led by Helen Ventures and Ananda Impact Ventures

EcoG, a Munich, Germany-based developer of a hardware-agnostic IoT operating system for electric vehicle charging stations, announced that it secured funding of €1.5 million ($1.8M).

The money was raised from a range of investors led by Helen Ventures and Ananda Impact Ventures, and including contributions from existing investors, Techstars, Fontinalis and Katapult Accelerator. Proceeds will be used for the development of additional software services and to grow the customer base and significantly increase the installed base with EcoG OS.

EcoG, founded in 2017 by CEO Joerg Heuer and Manuel Heckmann, develops what they call is an operating system that is open and hardware-agnostic and useful for electric vehicle charging stations.

The solution is used by hardware manufacturers and charging point operators to professionalize and simplify the manufacturing of charging stations, as well as easily integrate and customize EV charging stations. The business integration based on the EcoG IoT OS enables the monetization of EV charging by creating new revenue streams, apart from the cost of transfer of energy.