The European Investment Bank (EIB) has signed a €18 million quasi-equity agreement with Rocsys BV, an electric vehicle charging innovator, to finance the development and deployment of next-generation robotic charging infrastructure. Rocsys, based in the Netherlands, is focused on autonomous charging solutions for electric transport.
The financing will support Rocsys’ second and third generation autonomous charging solutions, which are currently under development. The investment will span the period from 2023 to 2025 and will be utilized for hardware and software technology development, as well as testing equipment.
The EIB’s support for this project is made possible through the InvestEU program, which aims to mobilize over €372 billion in additional investment for EU policy priorities between 2021 and 2027.
Rocsys’ technology, based on biomechanical soft robotics for exoskeletons initially developed at Delft University, offers several advantages, including safety, affordability, and scalability. The technology can be retrofitted onto standard electric vehicle connectors and charging equipment, eliminating the need for modifications to the charging hardware.
Kris Peeters, Vice-President of the EIB, highlighted the potential of robotic charging to enhance the efficiency and convenience of charging operations, thereby accelerating the transition to zero-emission electric vehicles. Rocsys joins LeydenJar as another Dutch company making a significant impact on the electric vehicle sector.
The financing agreement aligns with the objectives of the InvestEU program, supporting sustainable investments and future technologies as part of the green transition to a low-carbon economy. This support will contribute to Rocsys’ critical technological development stage and is expected to attract additional equity and debt providers.
InvestEU is a program that combines various EU financial instruments to simplify and streamline funding for investment projects in Europe. By leveraging public and private funds, InvestEU aims to support the European Union’s policy priorities, such as the European Green Deal and the digital transition.
Rocsys BV, founded in 2019 and headquartered in the Netherlands, provides autonomous charging solutions for electric vehicles and equipment. Their innovative approach combines soft robotics, artificial intelligence-based computer vision, and data-driven services to create reliable, efficient, and cost-effective charging experiences for both fleets and consumers.
The funding from the EIB will further advance Rocsys’ vision of achieving global adoption of zero-emission vehicles and contributing to the future of sustainable transportation.
https://ec.europa.eu/commission/presscorner/detail/en/IP_23_3806