elvah to raise €3.2 million from German angel investors.

elvah, a Grafschaft (Bonn), Germany-based startup building a business providing an aggregate energy access to EV charging stations across the country, announced that it raised a €3.2 million ($3.7M) capital funding round.

The money was raised from German angel investors, including Friedrich Neuman, partner at Norrsken VC, Rolf Hansen, founder of Simyo, and Fabian Paul, co-founder of the Yoovee Mobility Group.

elvah, founded in 2020 by Gowrynath Sivaganeshamoorthy and Wilfried Roeper, developed a mobile app that sells energy charging for electric vehicles. The app allows car owners to acquire the right to charge their cars against a flat fee from a whole range of charging stations across Germany. The company launched with a pilot available to fifty customers at the end of 2020 and has fully become available at the beginning of the summer of 2021.