e-Mobility startup IO-Dynamics closes seven-figure financing deal to optimize electric mobility in fleets

(l.t.r.: Felix Kruse, Johann Olsen, Nabil Imran)

High-Tech Gründerfonds (HTGF), Smart Infrastructure Ventures, be10x Capital and other business angels jointly invest in e-mobility startup IO-Dynamics.

Flensburg, June 08, 2022 – The founding team of IO-Dynamics can be pleased about a closed financing round. The newly acquired capital will be used to establish the e-mobility software IO-ELON on the market, an intelligent charging and energy management software for the operation of electric fleets.

In 2018, Johann Olsen, Nabil Imran and Felix Kruse founded their e-mobility startup with the idea of making electric mobility in fleets more economical, sustainable and simple. Over the past few years, they have developed software that optimizes energy and charging management in vehicle fleets. Data from charging stations and electric cars – but also building data, flexible electricity prices and solar forecasts – are taken into account and used to create charging plans.

After a very successful start-up phase in 2021, in which strategic partnerships were concluded with well-known industry companies and the first customers were acquired, the Flensburg-based start-up has now also been able to convince investors. Investing under the leadership of High-Tech Gründerfonds (HTGF), Smart Infrastructure Ventures GmbH and be10x Capital GmbH, as well as other business angels.

"We are now at an important point: We have developed a solution that makes the use of electric cars more cost-effective and greener: Our product is manufacturer-independent and flexible. This is a real gain for all those who want to rely on electromobility and need simple and resource-saving charging management. Now we want to grow in the market to inspire even more people with our intelligent charging management, and now we have the chance to do so. A big thank you to my entire team, to our investors and to our newly acquired partners!", explains Johann Olsen, co-founder and CEO of IO-Dynamics.

Frank Reinecke, Principal of High-Tech Gründerfonds: "I invested in IO-Dynamics because the solution addresses an acute market problem and IO-Dynamics has the best solution on the market for it. In addition, the team brings exactly the experience to successfully develop IO-Dynamics and position it in the international market."

About IO-Dynamics

Founded by Johann Olsen, Nabil Imran and Felix Kruse in Flensburg, the IT company IO-Dynamics supports its customers in making the operation of electric vehicles in companies simple and cost-effective. It sees itself as a manufacturer-independent provider to meet the requirements of different charging stations and electric vehicles today and in the future. Its product IO-ELON creates a link between the energy and mobility sectors, as electric vehicles are charged according to demand and in coordination with energy generation. For companies with electric vehicle fleets in particular, this means greater transparency in the operation of vehicles and energy management that reduces costs and administrative work and responds to the individual needs of fleet operators.

www.iodynamics.de

Media contact

IO-Dynamics
Dorothee Reining, Marketing and Communications
T.: +49 (0) 461 402 142-0
dorothee.reining@iodynamics.de

About High-Tech Gründerfonds

The seed investor High-Tech Gründerfonds (HTGF) finances technology start-ups with growth potential. With a volume of around 900 million euros spread across three funds and an international partner network, HTGF has supported more than 650 start-ups since 2005. Its team of experienced investment managers and start-up experts supports the young companies with know-how, entrepreneurial spirit and passion. The focus is on high-tech start-ups in the fields of digital tech, industrial tech, life sciences, chemistry and related business areas. More than €4 billion in capital has been invested in the HTGF portfolio by external investors in more than 1,900 follow-on financing rounds to date. In addition, the fund has already successfully sold shares in more than 150 companies.

Investors in the public-private partnership include the German Federal Ministry of Economics and Climate Protection, KfW Capital, the Fraunhofer-Gesellschaft as well as ALTANA, BASF, Bayer, Boehringer Ingelheim, B.Braun, Robert Bosch, BÜFA, CEWE, Deutsche Bank, Deutsche Post DHL, Dräger, 1+1 AG, EVONIK, EWE AG, FOND OF, Haniel, Hettich, Knauf, Körber, LANXESS, media + more venture Beteiligungs GmbH & Co. KG, PHOENIX CONTACT, QIAGEN, RWE Generation SE, SAP, Schufa, Schwarz Group, STIHL, Thüga, Vector Informatik, WACKER and Wilh. Werhahn KG.

www.htgf.de

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About Smart Infrastructure Ventures

Smart Infrastructure Ventures is a group of entrepreneurs, founders and investors. The VC fund focuses on the innovative growth topic "Smart Infrastructure" and is supported by an international network of consultants, corporate partners and co-investors. Investments are primarily made in start-up teams with scalable business models in the fields of smart city, energy and e-health.

www.smartinfrastructurehub.com/ventures

About be10x Capital

be10x Capital invests in promising start-ups with a focus on B2B, Software-as-a-Service (SaaS), Smart Mobility Solutions, Blockchain technology and other high-tech products and solutions. During the screening and selection process the founder personalities themselves together with the strength and diversity of their team as well as the potential of the underlying business model for scalable exponential growth, sustainability and an expandable internationality of the start-up are essential. Most of the current changes in the World are being driven, or at least substantially supported, by software and digital technologies. These core technologies determine and even accelerate the rapid ongoing changes in an exponential manner. The investment firm be10x Capital was launched by Thomas Schmidt at the beginning of 2021 in order to be able to actively accompany and support the growing and, as Thomas believes, very powerful start-up landscape in Germany and Europe in these segments.

www.be-exponential.com

About Thomas Schmidt

Thomas Schmidt is a serial entrepreneur, experienced executive and visionary leader in one. As CEO and co-founder of datafactory AG, he has launched WEBFLEET, one of the world's first web-based fleet management system back in 1999. After the acquisition of datafactory by TomTom in 2005, he continued as CEO of TomTom Telematics to grow and rollout WEBFLEET across Europe, North America and other regions in the world, making the company the #1 European Telematics Service Provider. TomTom Telematics was acquired by Bridgestone in 2019 and Thomas continued to grow the company in his role as CEO under the Webfleet Solutions brand as part of the newly created Bridgestone Mobility Solutions division he led too. 

Since 2021, Thomas has been working as an independent management and M&A advisor, business angel and early-stage investor through his investment firm be10x Capital. His focus areas are B2B, Software-as-a-Service (SaaS), Smart Mobility Solutions, Blockchain technology and other high-tech products and solutions.