Amsterdam-based Tap Electric, a startup that focuses on driver experience for electric vehicle owners and charger operators, announced that it has raised 1M euros in a seed funding round led by LUMO Labs, Shamrock Ventures and Fair Capital Partners Impact Investing.

The financing also brings together three experts who played a significant role in the early days of the Dutch EV charging industry, Nico Spoelstra and Dan Pezim (photo), co-founders of Tap Electric and former GreenFlux executives (acquired by DKV in 2021), and Alef Arendsen, founding partner at Shamrock Ventures and co-founder of TheNewMotion (acquired by Shell in 2017).

With this new funding, Tap Electric says it plans to expand its team and bring its innovative products to the market more quickly. The company has created two products to date – an app for drivers known for its clear pricing information and a comprehensive platform for charger owners and installers to manage payments and hardware.One distinctive aspect of Tap Electric’s business model is that it is the only platform in the market that refrains from imposing fees on charge owners and installers, an innovation driven by a high degree of automation.

The company’s core mission revolves around facilitating accessible charging solutions that ease the transition to electric vehicles while integrating mobility with renewable energy. Sven Bakkes, founding partner at LUMO Labs, expresses his excitement to invest in Tap Electric’s cutting-edge technology and innovative approach to electric vehicle charging. “We believe Tap Electric has the potential to revolutionise the EV charging market and significantly reduce the environmental impact of transportation,” says Bakkes.