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ChargeX closes first financing to advance development of Aqueduct modular charging solution

Germany-based startup ChargeX has closed its first round of financing in the mid-six-figure range. The business angels come from the environment of the founders as well as the BayStartUP investor network.

ChargeX is developing a novel charging infrastructure for electric cars that enables the smart charging of multiple electric cars for use in commercial and multi-family homes. With the new capital, the startup can complete the development of the charging system, called Aqueduct.

The charging solution from ChargeX is aimed at the housing industry, parking operators and companies and employers with their own electric cars in the fleet. If required, it can be extended with additional charging points ( plug & play ) and, thanks to integrated load management, ensures that the available connection power is not exceeded.

An intelligent charging algorithm uses individual mobility data to charge the electric cars in a time-delayed and demand-oriented manner.

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