Rocsys
Assembly Line
Rocsys Secures $36M to Redefine the EV Charging Experience with Autonomous Charging, Powered by AI and Robotics
Rocsys, the leading provider of autonomous charging solutions for electric transportation, today announced a $36 million Series A funding round. Led by SEB Greentech Venture Capital, the round also includes participation from Graduate Entrepreneur, the European Investment Bank, and returning investor Forward.One. With this latest investment, which includes a roughly equal split of debt and equity financing, Rocsys will expand the capabilities of its platform as it rapidly scales its presence in the United States and Europe.
Rocsys wants to automate EV charging, starting in ports and yards
Rocsys has created a robotic arm that can transform any electric vehicle charger into an autonomous charger. In yards and ports, where vehicle uptime is crucial and the margin for error is slim, being able to plug in a charger and remove it without manual intervention is not only attractive to logistics operators, but it has a use case today.
Aside from partnerships with companies like electric forklift company Hyster, industrial equipment supplier Taylor Machine Works and port operator SSA Marine, Rocsys claims to have a commercial partnership in the works with one of the largest Big Box retailers in North America.
Rocsys doesn’t intend to stop with heavy duty, industrial logistics. The startup closed a $36 million Series A made up of half equity and half debt. The funds will help the startup build out its North American division and support R&D into the automotive sector, which would include both mainstream consumer vehicles and self-driving robotaxi fleets.