Amsterdam-based EV charging software company Tap Electric has raised €4 million in fresh funding to accelerate the expansion of its charging platform across Europe and help drivers reduce charging costs through AI-powered energy optimization.
The funding round was led by No Such Ventures, with participation from existing investors Shamrock Ventures, Fair Capital Impact Fund, and LUMO Labs.
Founded by EV charging industry veterans Nico Spoelstra and Dan Pezim, Tap Electric is building a software ecosystem designed to simplify electric vehicle charging while helping users take advantage of fluctuating energy prices and reducing pressure on Europe’s increasingly congested electricity grids.
Building The Future Of Affordable EV Charging
As electric vehicle adoption continues to accelerate across Europe, grid operators face growing challenges balancing electricity demand, particularly during peak charging periods.
Tap Electric addresses this challenge by combining EV charging infrastructure, energy market data, and artificial intelligence into a single platform that helps drivers identify the most affordable times and locations to charge their vehicles.
The company’s technology serves private drivers, businesses, fleet operators, installers, and charging network owners, creating a connected ecosystem that optimizes charging behavior while making better use of existing energy infrastructure.
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Rapid Growth Across Europe
Over the past two years, Tap Electric has experienced significant momentum, growing revenue by more than 1,300% while expanding operations across the Netherlands, Belgium, the United Kingdom, and Ireland.
Today, the platform serves nearly 100,000 monthly active users and supports the management of tens of thousands of EV chargers across residential, commercial, and public charging networks.
The company has also expanded its offering beyond payments and charger management through a growing suite of energy intelligence products designed to improve charging efficiency and reduce costs.
AI-Powered Tools For Drivers And Operators
Tap Electric’s platform includes several products aimed at helping users better navigate the complexities of modern energy markets.
Price Intel provides visibility into charging prices before a charging session begins, helping drivers identify cheaper charging options and encouraging greater pricing transparency across charging networks.
Power Intel helps users align charging behavior with periods of lower grid demand and lower electricity prices, supported by partnerships with major energy providers including TotalEnergies and Vattenfall.
Tap Radar focuses on fraud detection and prevention for both consumers and fleet operators, while newer solutions such as Charge Control and Charge AI are designed to optimize charging schedules automatically and reduce grid congestion.
Funding To Accelerate Innovation
The newly secured capital will support Tap Electric’s continued European expansion while funding several next-generation energy initiatives.
Among these are vehicle-to-grid projects that allow EV owners to support grid stability while generating additional income, deeper smart-home integrations, open smart charging infrastructure, and AI-powered experiences that automatically guide users toward the most efficient charging decisions.
The company believes these innovations will play a critical role in supporting the large-scale transition toward electric mobility while reducing strain on existing energy networks.
Nico Spoelstra, Co-Founder and CEO of Tap Electric, said:
“We are obsessed with making charging cheaper and more accessible for everyone. By connecting drivers, charging infrastructure, fleets, and energy systems through a single platform, we can deliver meaningful savings while helping the energy grid operate more efficiently.”
Dan Pezim, Co-Founder and Chief Commercial Officer of Tap Electric, added:
“Our mission is to intelligently balance energy supply and demand across both public and private charging networks. By doing so, we can lower charging costs for drivers and help accelerate the global transition to electric mobility.”
Investor Perspective
Thijn van Helvoirt, Partner at No Such Ventures, said:
“Tap understands that success in the EV charging market is not simply about facilitating charging transactions. The real opportunity lies in helping drivers access the lowest possible energy costs while maximizing the use of existing infrastructure. Their rapid growth demonstrates strong product-market fit and growing customer demand.”
About Tap Electric
Tap Electric is an Amsterdam-based EV charging software company that provides a charging app and charger management platform for drivers, homeowners, businesses, fleets, installers, and charging network operators. By combining energy intelligence, charging infrastructure, and AI-powered optimization, the company helps make EV charging more affordable, reliable, and efficient while supporting the transition toward a more sustainable energy future.
