Rocsys, a pioneer in autonomous electric vehicle (EV) charging solutions, has announced the closing of its Series A funding round, raising $36 million. The investment will be instrumental in accelerating the company's operations, expanding its market presence, and advancing research and development efforts.
As the transportation industry undergoes a paradigm shift towards electric and autonomous vehicles, the need for efficient and scalable charging infrastructure has become increasingly critical. Rocsys recognizes that manual charging methods hinder the widespread adoption of EVs and autonomous transportation solutions. To address this challenge, the company has developed innovative autonomous charging platforms, combining soft robotics and AI-based computer vision technology.
Through collaborations with renowned automakers and original equipment manufacturers, Rocsys has demonstrated the significant benefits of autonomous charging. These include enhanced charging efficiency, reduced emissions, and improved safety for both people and equipment. Among Rocsys' esteemed partners and customers are leading premium vehicle OEMs and industrial logistics operators like SSA Marine and Hyster.
Rocsys is actively engaged in shaping international standards for robotic charging, collaborating with organizations such as IEC/ISO, CharIN, and the ROCIN-ECO consortium, which includes Audi, Porsche, BMW, Ford, and Mercedes-Benz. By driving standardization efforts, Rocsys aims to facilitate the seamless integration of autonomous charging across the industry.
With the successful completion of its Series A funding, Rocsys plans to expand its global footprint. The company will bolster its presence in Europe while establishing a stronger foothold in the United States, which will encompass operations, customer service, and manufacturing. Additionally, Rocsys intends to augment its team dedicated to strategic partnerships with automakers. Research and development will remain a key focus, as the funding will support the development of new features for the platform. These include automated parking guidance, comprehensive software integrations, and enhanced remote diagnostics and teleoperations support.
The substantial investment in Rocsys reflects growing confidence in the company's autonomous EV charging solutions and their potential to revolutionize the charging experience for electric and autonomous vehicles. By eliminating the need for human intervention in the charging process, Rocsys aims to unlock new levels of efficiency, reliability, and scalability, paving the way for accelerated adoption of electric and autonomous transportation worldwide.
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