ViriCiti raises €6.25million to expand into the North American market

Energy impact Partners, Mainport Innovation Fund II and an undisclosed third party have invested €6.25 million in clean-tech startup ViriCiti, which provides an online telematics platform for electric and mixed bus fleets. The aim of the investment is to accelerate product development of ViriCiti Smart Charging, and expanding ViriCiti’s presence in North America.

ViriCiti’s platform supports transit operators with real-time insights into their fleet. By combining charging infrastructure with electric and non-electric vehicles in one platform, the company says it is streamlining the transition to all-electric fleets and working to drive the global transition to zero-emission transport.

“As we are right in the middle of energy and infrastructure services, Energy Impact Partners is the perfect partner for us to strengthen our ties with the US market and utilities. We will use this investment to open additional offices and to grow our team to ensure outstanding customer service, and to build up our sales network,” says Freek Dielissen, CEO ViriCiti.

Since 2015, ViriCiti has been a market leader in electric bus telematics in Europe and the United States, serving over 50 per cent of the electric bus market. Stanford University in California was one of its first customers in the US. ViriCiti’s recent customers include New York City Transit, Toronto Transit Commission, as well as a large technology company in Silicon Valley that placed an order for 500 systems. All US customers are being served from ViriCiti’s office in South Carolina and Support Center in southern California.

Thijs Gitmans, fund manager, Mainport Innovation Fund II, adds: ”Ever since our investment in ViriCiti in 2016, the team has impressed us with their strong international growth. We are very excited to welcome Energy Impact Partners as a new investor and are confident that together, we can further strengthen ViriCiti’s market leadership and expand their offering for mixed fleets and charging solutions.”

Telematics specialist ViriCiti supports electric bus and truck operators in optimising their operations through real-time data analysis. Since 2012, it has been working with operators that deploy commercial electric vehicles and offers a platform for full electric as well as mixed fleets.

ViriCiti’s company headquarters is in Amsterdam, and ViriCiti LLC is represented by offices on the west coast and east coast of the United States. ViriCiti aims to lower emissions and accelerate the adoption of zero-emission vehicles on a global scale by offering an all-in-one solution.

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