ViriCiti secures €6.25M to expand in the US.
Climate-KIC Almuni ViriCiti has raised a funding round of €6.25 million from Energy impact Partners (EIP), Mainport Innovation Fund II (MIF II), and an undisclosed investor. The company is planning to use the capital injection to expand into the North American markets.
ViriCiti, founded in 2012, offers an online platform to support transit operators with real-time insights into their fleet. By combining charging infrastructure with electric and non-electric vehicles in one platform, the company is streamlining the transition to all-electric fleets and working to drive the global transition to zero-emission transport.
Freek Dielissen, CEO ViriCiti: “We will use this investment to open additional offices and to grow our team to ensure outstanding customer service, and to build up our sales network.”
ViriCiti in the States
Since 2015, ViriCiti has been a market leader in electric bus telematics in Europe and the United States, serving over 50% of the electric bus market. Stanford University in California was one of its first customers in the US. ViriCiti’s recent customers include New York City Transit, Toronto Transit Commission, as well as a large technology company in Silicon Valley that placed an order for 500 systems. All US customers are being served from ViriCiti’s office in South Carolina and Support Center in southern California.
Read the full press release here.