Easelink closes multi-million financing - with EnBW participation

Easelink closes multi-million financing - with EnBW participation

Easelink, the Austrian developer of the Matrix Charging automated conductive charging solution, has raised €8.3 million in its Series A funding round, led by SET Ventures, but from an eMobility perspective, the investments from EnBW and Wien Energie stand out.

Easelink plans to use the funding to further expand its product team, deepen its collaborations with the automotive and infrastructure industries, and continue the implementation of a global charging standard, according to the company.

As reported, the Easelink system consists of a charging pad installed on the ground. On the vehicle side, a connector is mounted on the underbody, which lowers onto the charging pad to create a physical, conductive connection between the vehicle and the infrastructure - currently up to 22 kW is possible. The pad itself can simply be laid on top of the parking space, but a more elegant option is to have the charging pad flush with the parking space. With the ability to drive over wheel loads of up to 2.5 tons, it is said to be particularly robust.

For the customer, there is no need to handle the charging cable; he simply has to park the vehicle in a pre-equipped parking space. The difference to inductive charging systems: Since there is a physical and conductive connection between the pad and the connector, it should be possible to achieve similar efficiencies as with cable charging. In addition, Matrix Charging should be cheaper and thus open up automated charging for the volume segment as well, according to the startup's goal.

According to Easelink, the charging system is compatible "with most major e-car platforms" and will be rolled out as both a retrofit version and factory-installed equipment for new vehicles.