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ChargedUp raises £2m in Pre-Series A funding round to strengthen growth across Europe

ChargedUp raises £2m in Pre-Series A funding round to strengthen growth across Europe

ChargedUp, Europe’s first and largest network of mobile power-bank rental stations powered by green energy, has today announced £2m investment by M-Venture, the investment unit of Jägermeister, follow on funding by JamJar Investments and also backed by some of the UK’s largest influencers including Caspar Lee as part of Creative Investment Club.
 
The £2 million investment in ChargedUp helps fuel growth in venues across the UK and will support  their German and European expansion. Funds will also allow ChargedUp to expand their product range and to assist the service to provide an enhanced user experience.
 
The startup, a member of SETsquared Exeter, was founded in April 2017 by Hugo Tilmouth and Hakeem Buge whilst studying at the University of Exeter, has created a service that allows users to rent power banks by scanning a QR code through the ChargedUp app. This way no one ever has to run out of battery again.

ChargedUp also works with award-winning green energy supplier, Octopus Energy, who match all the power used through the network worldwide with renewable energy
directly into the grid.
 
To download the ChargedUp app, click here.

Hugo Tilmouth, CEO of ChargedUp said “We’re thrilled to be working with a partner like M-Venture as their investment will help us to super charge our growth in the late night sector and ensure more people across Europe won’t get caught out when their phone battery is low.”
 
Christoph Goeken, MD of M-Venture said “The mission of Jägermeister is to create more and better “Best Nights of your Life” and ChargedUp ́s offering is also built around powering Best Nights out: Together we want to help consumers to focus on having fun instead of worrying about empty phone batteries.”
 

 

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