Camion, a London-based intelligence platform for power and electric vehicle charging, has secured €2.7 million in pre-seed funding to support real estate and EV charging infrastructure sectors. The funding round was led by EQT Ventures, with participation from First Look Capital, RitMir Ventures, and angel investor Chris Adelsbach.
The team at Camion, comprising energy and real estate experts, plans to use the investment to bolster its engineering, machine learning, and data science teams, further enhancing its platform’s capabilities.
The global push towards net-zero commitments by 2050 necessitates significant investments in charging infrastructure, estimated at $1.9 trillion. Camion’s platform aims to address the challenge of deploying this infrastructure efficiently by providing insights into optimal locations based on power supply, traffic patterns, and future energy demand.
Real estate stakeholders face increasing power demands due to net-zero commitments and growing requirements for vehicle charging. Camion’s platform fills a crucial gap by offering data-driven analytics to identify properties ripe for electrification, helping investors mitigate risks and capitalize on opportunities in the evolving market.
Camion’s platform indexes properties based on their readiness for electrification, empowering stakeholders to make informed investment decisions in line with the energy transition’s accelerating pace. This approach not only enhances property values but also aligns with broader sustainability goals.
Jacob Monroe, Founder and CEO of Camion, emphasized the platform’s role in facilitating the transition towards electrified real estate, positioning it as a valuable asset class in the global commercial real estate market.
Sandra Malmberg, Partner at EQT Ventures, highlighted the potential for real estate to serve as the new “gas station” for EVs, underlining Camion’s contribution in streamlining this transformation.
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By Proptechbuzz
By Ravi Kumar
