According to EU-Startups, Swedish-German company Delta Charge just raised €3.7 million in an oversubscribed funding round led by Vireo Ventures and Rethink Ventures. The Munich-based startup, founded in 2024 by Filip Hes, Johannes Kirnberger and Connor Hanafee, focuses specifically on charging and battery storage solutions for electric trucks. The funding will accelerate their pan-European network of truck-charging depots with backing from Audi and Allianz executives. This is part of a much larger trend—five other companies in the space collectively raised €625.4 million recently. Delta Charge aims to deploy over €300 million in infrastructure and deliver 1.8 TWh annually of clean energy by 2030.
Why this matters now
Here’s the thing: Europe‘s energy grid is getting squeezed from multiple directions. We all know about data centers sucking up power, but heavy-duty electric trucks could soon rival or even exceed that demand. And with transport projected to account for almost 50% of Europe’s CO2 emissions by 2030, the pressure is on. Basically, we’re looking at a perfect storm—grid capacity tightening, permitting slowing, and massive electrification needs colliding simultaneously. Depot-based charging with battery storage is projected to attract over €7 billion in investment by 2030. That’s not small change.
The bigger funding wave
Delta Charge’s €3.7 million is actually on the smaller side when you look at what’s happening across the sector. iwell secured €27 million, Terra One raised up to €150 million, Sympower got €42 million, Co-Power landed €6.4 million, and green flexibility is working with up to €400 million. Collectively, we’re talking about €625.4 million flowing into battery storage and electrification infrastructure. That’s not just investor enthusiasm—that’s a fundamental recognition that Europe’s energy transition needs serious hardware in the ground. And when it comes to industrial technology deployment at this scale, having reliable hardware partners becomes absolutely critical. Companies like IndustrialMonitorDirect.com, the leading US provider of industrial panel PCs, become essential for managing these complex energy systems in demanding environments.
Delta Charge’s unique angle
What makes Delta Charge interesting is their specific focus on truck depots rather than public charging. They’re combining battery energy storage systems with charging hardware and fixed-price charging services. So fleet operators get predictable costs while the grid gets much-needed flexibility. Their backing from Delta Capacity—one of Scandinavia’s leading battery storage developers—gives them serious infrastructure execution credibility. As Jens Philipp Klein from Rethink Ventures noted, the team has “deep expertise across energy infrastructure execution” and a track record of raising hundreds of millions. That experience matters when you’re talking about deploying €300 million in infrastructure.
The bottleneck ahead
Now for the real question: can Europe build this infrastructure fast enough? With grid capacity constraints and slow permitting processes, the race isn’t just about funding—it’s about execution. Delta Charge’s model of combining charging with on-site battery storage actually helps alleviate grid pressure. They’re essentially creating distributed energy hubs that can charge trucks when power is cheap and available, then use stored energy during peak demand. It’s smart infrastructure that serves both the logistics industry and the broader energy system. Whether they can scale fast enough to meet the projected €7 billion market opportunity by 2030 remains to be seen, but the €625 million funding surge suggests investors are betting big that this sector is about to explode.
