Virta secured strategic investment from Japan-based JXTG

Virta, a Helsinki, Finland-based operator of an electric vehicle charging platform technology, announced getting into an investment agreement with the Japan-based oil company JXTG.

FInancial details of the deal remained undisclosed. JXTG's rationale is considering EV-related services in the activities aimed at the establishment of new mobility services, leveraging the nationwide service-station network and the “ENEOS” brand.

Virta, founded in 2013 and led by CEO Jussi Palola, developed a business providing electric vehicle charging services. The company claims to have 300 customers with over 50 EV charging brands located in 28 countries.

Prior to this deal, Virta secured funding from local energy companies from Finland, including Lahti Energia Oy, Vantaan Energia Oy as well as from E.ON from Germany.