Blue Earth Capital co-leads investment in reev, a leading software provider for electric vehicle charging stations at semi-public locations

Please find the full press release as published on reev’s website below.


eMobility software company reev completes Series A financing round to accelerate expansion of intelligent charging infrastructure

reev, the leading software provider for semi-public charging solutions, raises double-digit million sum, marking its largest investment round to date

Munich, 14 May 2024

reev, the software company that provides intelligent charging solutions for the semi-public sector, announces the completion of its Series A financing round totaling €10 million. The round was led by Future Energy Ventures, the venture capital fund backed by leading energy utilities such as E.ON, and Blue Earth Capital, the specialist global impact investment firm. They join existing investors, including German energy provider N-ERGIE.

reev plays a significant role in the e-mobility space by providing software which simplifies access to charging infrastructure and complex tasks for any company, electrician or facility manager when installing charging stations. The company has a unique position in the market given the high reliability of its user-friendly solutions and it plays a crucial role in enabling the shift to sustainable mobility.

The intelligent reev software for managing charging stations is already used by almost 6,000 customers today – including the European Patent Office, Holcim and Trumpf. The company’s digital product solutions for hardware manufacturers, traders, and electricians offer a full range of application solutions for more than 250 compatible wallbox models – from installation to service – all in one platform. Given the benefits of reev’s products, the company recently announced strategic partnerships with Schneider Electric and Zaptec to offer a joint product solution with reev pre-configured software. A similar product solution was developed with the hardware manufacturer ABL in 2020 and since then has established a strong position in the market. New customers are signing up every day to access the company’s fully hardware-agnostic software platform, demonstrating a compelling opportunity for scalable growth.

“The provision of charging infrastructure in locations where vehicles park for extended periods is an important component for the market expansion of electromobility. But we also know that commercial and multi-tenant buildings lack charging facilities, or they experience a lag in expanding charging infrastructure. The exceptional reliability of our software, along with its intuitive usability throughout the value chain, specifically addresses the complex and specific requirements of these segments, positioning reev uniquely to fill this gap. Our past success also demonstrates this.” says Eduard Schlutius, founder, and CEO of reev.

On the way to becoming Europe’s leading software provider for intelligent charging solutions

“The proceeds from the Series A will primarily be used to strengthen our position as the market leader in the DACH region and to expand into new markets, including France and the Benelux countries. To meet the increasing demand for intelligent energy distribution and grid-friendly charging, as well as to enable customers to easily extend their charging infrastructure, we will also expand our portfolio with innovative new products. We are pleased to partner with two preeminent climate investors with highly relevant networks and proven scale-up capabilities to help achieve our European ambitions,” Eduard Schlutius added.

“To facilitate the energy transition, reliable infrastructure for electric vehicles and particularly effective charging solutions are required. We believe commercial and multi-tenant buildings are an underserved part of the charging ecosystem in Europe,” says Kayode Akinola, Head of Private Equity at Blue Earth Capital. “By providing building owners, building managers and end customers with a seamless operating experience and maximizing uptime, reev’s software solution is well positioned to accelerate EV charging infrastructure expansion and reliability within these segments – an important step towards the decarbonization of road transportation.”

Veronique Hördemann, Managing Partner Future Energy Ventures says: “In our initial fund, we made many successful investments in the EV charging sector in what was the first main wave of EV adoption. We recognized the untapped potential of multi-user building setups as crucial for mainstream EV adoption. reev emerged as a standout player in this domain, boasting an exceptionally talented team. The commitment and passion exhibited by the entire reev team are truly remarkable, a sentiment echoed by their satisfied customers and partners alike. We are pleased to be part of the journey!“


Press contacts:

Laura Czechner
Tel: +49 (0) 89 244 143 691

LHLK Agency for communication
On behalf of reev
Jessica Doudieh
Tel: +49 89 720 187 276

Blue Earth Capital
Stephan Göttel
Tel: +49 162 269 4588

Future Energy Ventures
Moritz Förster


About reev:

Based in Munich, reev provides a simple, transparent, and fully automated cloud software platform for the management, control, and billing of charging infrastructure. This enables the company to offer a future-proof, unique solution for various requirements. reev’s mission is to empower everyone to shape the future of eMobility, actively contribute to the mobility transformation, and to operate their own charging infrastructure. Therefore, the reev software is specifically designed to meet the needs of complex fleet situations, such as businesses, residential and commercial properties, or parking facilities.

About Blue Earth Capital:

Blue Earth Capital is a global, independent, specialist impact investor, headquartered in Switzerland, with operations in New York, London, and Konstanz. Blue Earth Capital seeks to address the world’s most pressing social and environmental challenges by delivering measurable impact alongside aiming for attractive and market-rate financial returns. The company operates dedicated private equity, private credit, and fund solutions. Blue Earth Capital is owned by the Blue Earth Foundation, a Stiftung (charity/trust) registered in Switzerland that focuses on deep impact to support initiatives and business ventures to help deliver a more equitable and sustainable future.

About Future Energy Ventures:

Future Energy Ventures (FEV) supports ready-to-scale, world-class start-ups whose mission is to accelerate the energy transition and decarbonize society. Founded in 2016, FEV announced the first closing of FEV Fund II, an SFDR Article 9 fund, in January 2024. FEV Fund invests in high-potential, digital and digitally-enabled climate technologies with the power to redefine the energy landscape and create cleaner and smarter cities. With operational hubs in Berlin, Tel Aviv and Palo Alto, FEV provides financing, collaboration and scaling opportunities through industry and investor partners.

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