Formica Capital invests 115 MSEK in ChargeNode
ChargeNode, a green tech company that eliminates the need for traditional EV chargers, has raised 115 MSEK from Formica Capital to accelerate Swedish and international expansion. ChargeNode fits very well into Formica’s focus on fast-growing companies with climate-effective solutions for properties, being Formica’s fifth investment in this segment. ChargeNode’s patent-pending technology for EV charging consists of a central charging unit that enables charging of more than 50 electric vehicles. Its innovative charging technology reduces power requirement and operational cost while