BRIGHTBLU raises USD 1.6M from Dutch clean energy conglomerate Koolen Industries

BRIGHTBLU, an electric vehicle charging solutions company, has received a USD 1.6 million investment from a Dutch clean energy conglomerate Koolen Industries to help accelerate its international expansion. Founded in 2019, the Mumbai based startup’s made-in-India products cater to the Indian and European markets.

Last year, Sytse Zuidema – former CEO of NewMotion, Jelle Vastert – former global head of charging at Tesla, and E156 Ventures B.V. had invested $200,000 in the company. BRIGHTBLU provides Type 2 AC charging solutions with cloud services and mobile app interfaces for users and charging service providers.

The investment will help fund further in-house research and development of both plug-and-charge and vehicle-to-grid solutions, as BRIGHTBLU has created and designed the whole intelligent charging technology stack in-house. The company is also in the midst of establishing a new high-tech research and development centre in Pune, which will use the funding to hire personnel and develop new cutting-edge charging technologies”, said a company statement.

Further, as the latest member of the Koolen Industry family of more than 25 clean energy companies, BRIGHTBLU will have the opportunity to participate in projects that require complex multi-disciplinary solutions across the energy generation and supply chain.

“We focus on the Indian market, which is an enormous market where urban air pollution is a massive problem, and on exports to the European market. Our current strategy with onboarding a strong and focused new shareholder creates momentum for our vision to become a global supplier of high quality intelligent charging solutions that accelerate the global adoption of electric vehicles. Kees and his team bring a unique combination of being laser-focused on the energy transition and experience in rapidly scaling global technology companies.”

Wybren van der Vaart – Co-founder and CEO, BRIGHTBLU

“We are 100% aligned in our mission to decarbonise not only the transport sector, where BRIGHTBLU’s intelligent EV charging solutions will help accelerate the adoption of electric vehicles, but the entire energy system,” said Kees Koolen – CEO at Koolen Industries, who is the former CEO of Booking.com and was an early investor and former COO of Uber.

“BRIGHTBLU’s proven ability to seamlessly integrate software and hardware to develop and deliver price-competitive intelligent EV charging solutions makes it an ideal supplier to the corporate sector, where demand is set to soar as ever more manufacturers and utilities decide to participate in the energy transition”, adds Koolen.

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