Camion Raises EUR 2.7 Million to Futureproof Real Estate
Pre-seed funding supports Camion to expand its engineering and data science team and hone its solution to futureproof real estate for the energy transition. Camion, a data-driven platform designed to identify and equip electrification-ready properties founded by Tesla and CBRE alumni, raises EUR 2.7 million in a pre-seed round led by EQT Ventures. Power and charging infrastructure are struggling to keep up with the growth in vehicle electrification. Camion lets investors, developers, and lenders search properties where demand and power support EV infrastructure.
London, 24 April 2024 – Camion, a London-based power and electric vehicle charging intelligence and analytics platform arming users in the real estate and EV charging infrastructure sector with insights to tap growing EV charging demand and futureproof their portfolios, has successfully raised £2.
.3m (EUR 2.7m) in a pre-seed funding round led by EQT Ventures. Firstlook Ventures and RitMir Ventures also participated in the round, along with notable angel investor Chris Adelsbach. The Camion team, made up of energy and real estate veterans, will use the funding to support the growth of its engineering, machine learning, and data science team to further expand its platform.
Estimates suggest that $1.9 trillion must be spent on charging infrastructure to achieve net-zero commitments by 2050. For this infrastructure to be deployed at scale, developers must rapidly find and develop land located at the nexus of where drivers need charging and where high power needs can be met by local grid operators. Property at these key locations will be in high demand, as property will need to be electrified at an unprecedented scale everywhere that vehicles travel and dwell. Camion blends property and location-based information with insights around power supply, traffic movements, and localized future energy demand to help different market actors identify the best locations depending on their power needs.
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