Verbund X Ventures
Assembly Line
Vienna-based Necture raises €7 million Series A to accelerate electrification of corporate fleets
Necture, formerly known as Ubiq, a leading technology company accelerating the adoption of electric fleets, announced it has secured additional funding, bringing its total Series A raise to €7 million. The investment round was led by Smart Energy Innovationsfonds (Switzerland) and Verbund X Ventures (Austria), joining existing investors Speedinvest and smartworks innovation GmbH.
Necture already has a strong product-market-fit. Working together with shared mobility providers such as MILES (Germany), Eloop (Vienna) and Awto (Santiago, Chile), the company manages 15,000 vehicles across Europe and the Americas. This latest funding round fuels the company’s expansion into the corporate fleet market, enabling Necture to reach more companies worldwide and accelerate the electrification of fleets. Necture is currently forming a collaboration with a leading car manufacturer and mobility provider to be announced in the near future.