Rocsys closes multi-million dollar financing round
Rocsys, which specialises in robotic charging solutions for electric vehicles, has raised 6.3 million US dollars (5.25 million euros) in a new financing round from existing investors. This will be used to drive expansion in the EU and North America.
Since its founding in 2019, Rocsys has thus received a total of nine million US dollars (7.5 million euros) from backers. Rocsys plans to use the capital to expand its operations across Europe and establish a North American business unit.
As the founder of a start-up, Rocsys CEO Crijn Bouman thinks primarily in terms of the interval between two funding rounds. “The coming period will be pivotal for our business,” says Bouman. “We will move from technology development and commercial pilots to serial deployment. We are ready for the future, and are very well positioned to engage the full market potential.”
The current funding is entirely from existing investors Forward.One and Superangel. “We are truly impressed with the speed and professionalism of the ROCSYS team,” says Frederik Gerner, Partner at Forward.One. “The simplicity of their solution, using industry-standard vehicle connectors, makes it an obvious choice for major vehicle OEMs. This is why we decided to increase our stake, and to lead this second investment round.”
It was only at the end of April that Rocsys announced a collaboration with Grivix and VDL Enabling Transport Solutions to develop a robotic charging solution for high-performance charging of heavy-duty electric commercial vehicles. In another cooperation, Rocsys is working with Ebusco, the second major electric bus manufacturer from the Netherlands besides VDL.
With its “soft robotics” technology and AI-based software, Rocsys aims to cost-effectively automate charging at existing fast charging points (and future megawatt chargers for commercial vehicles). This should not only increase the comfort for drivers, but above all prepare the charging of autonomously driving or parked vehicles – when there is no longer a driver on board who can plug in the charging cable.