Wednesday, November 13, 2024
Infrastructure and TechnologyLatestNews

Monta opens Miami HQ

Danish operating platform Monta has announced the opening of its US headquarters in Miami.

The move follows a €80m round of funding in January 2024, as it brings EV charging software to market in the US.

It will employ 30 people at the headquarters by the end of 2025 with the expansion including plans for 25,000 commercial charge points to its platform by the end of 2025 and 1 million charge points by the end of 2030.

The news also comes as estimates that nearly half of all new car sales in the US will be electric by 2030 with 38% of Americans stating their next vehicle purchase will be an EV. Monta also highlighted the challenges of charging around the US, including software issues, complex payments and interface issues.

Miami was chosen as a strategic choice for the company’s US office, due to early-stage investment in the area tripling in the past five years, and local universities and institutions work on preparing students for careers in tech, allowing for recruitment opportunities.

Since its founding in 2020, Monta aims to simplify and streamline the deployment, use, and management of EV charging infrastructure for
businesses and operators. Monta’s solution also assists hardware manufacturers in optimising their products by enabling them to benchmark charge point brands, provide insights into usage and performance, and speed up troubleshooting and maintenance time.

Casper Rasmussen, CEO and co-founder of Monta, said:

“The success we have and will keep having in the UK and Europe is the fuel of our experience and US expansion. As EV adoption picks up pace in the United States, industry players will need a platform like ours to take their business to the next level.”

“Across Europe, charging operators have been using Monta to scale up and deliver an improved experience for EV drivers for the last four years. Our customers and partners, many of whom already operate in the U.S. or have plans to expand there, have been asking us to bring Monta’s solution across the Atlantic to continue fueling growth across the EV charging infrastructure ecosystem. We are thrilled to announce our U.S. expansion and are thankful to our partners and investors for their support in our mission of enabling e-mobility and electrification across the globe.”

Mayor Francis X. Suarez, City of Miami Mayor, said:

“With venture capital investments in the Miami metro area reaching $628.8 million in Q3 alone, our city continues to attract leading companies in critical industries like EV infrastructure.

“Monta’s dedication to enhancing electric mobility aligns perfectly with our commitment to sustainable solutions, and we look forward to supporting their local and global efforts.

Lin Sun Fa, CEO of Emobi, said:

“Monta’s expansion into North America is a critical step toward building a more accessible and comprehensive charging infrastructure.

“By supporting Monta’s growth, we’re giving their customers instant access to charging networks and e-mobility partners across the US, accelerating the adoption of electric vehicles and making it a more seamless transition for all stakeholders.”

Juan Muldoon, a partner at Energize Capital and member of Monta’s board of directors, said:

“The global EV charging market is expected to reach $217 billion in the next five years, with $11 billion of that total dedicated to software. As one of the fastest-growing EV software startups at its scale, Monta is well-positioned to emerge as the de facto leader in EV charging operations software.

“We’re proud to partner with Monta and support them in their expansion to the U.S., and we are confident in the team’s ability to build upon their success in Europe to help operators in America scale their charging infrastructure to meet the growing demands of this market.”

Alok Dubey, Regional Director, Strategic Sales – West at Monta, said:

“This expansion is fuelled by the success we built in Europe, particularly in the UK, where we’ve become the market-leading charge point management system in just three years. We have already helped users save over 177 tonnes of CO2 in 2023 via its SmartCharge feature which helps users charge when energy sources are cheapest, have lower CO2 emissions, or higher availability of renewable energy.

“Developing a new source of growth and revenue across the Atlantic will allow us to keep innovating, building features that set the standard not just in the UK, but also globally, as EV adoption continues to surge.”

Image courtesy of Monta

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