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First fundraising of 2 million euros for the development of our solutions!

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Two million euros is the amount of our first round of financing from Supernova Invest and a private investor, in order to accelerate the development of our intelligent charging solutions for battery fleets.

These solutions enable the charging current to be modulated using algorithms developed in-house, thereby preserving the autonomy and life of the batteries. The customer can supervise his installation thanks to indicators of the state of health of the batteries communicated on a remote interface and carry out predictive maintenance actions, necessary for the good functioning of his park.

Our offer is aimed at industrial companies that have to manage battery fleets (energy, rail, logistics, soft mobility, special vehicles, etc.) and need to
optimise the return on investment and make their services more reliable.

> The aim of this fundraising is to accelerate the development of our solutions.

Thanks to the trust placed in us by Supernova Invest and a private investor, we intend to accelerate the development of our
solutions through 3 levers :
- Strengthening our teams with engineers, doctors specialised in electrochemistry, electronics and IT, and sales staff,
- the finalisation of our product offer,
- structuring our sales approach in France and internationally.

"This fundraising represents for us an essential accelerator and will allow the industrialization of our solutions by 2020!"
Josselin Priour, CEO of PowerUp

"The PowerUp technology is a real disruptive innovation because no other player in the sector is able to offer a similar service. The project is supported by a high quality team: former entrepreneurs and recognised experts in the field of batteries. Finally, the company is already advanced in its commercial cycle with several proofs of concept completed with different clients, initial feedback already promising, and a significant responsiveness of prospects for whom PowerUp provides a solution to a real need not yet solved. All these elements convinced the Supernova Invest team of the strong potential of this investment.
Marine Glon, Investment Manager at Supernova Invest

Read the press release here.

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