A multi-year financing agreement between French electric car charging operator Bump and DIF Capital Partners has been signed. This will allow Bump to expand the number of electric vehicle charging stations it offers and accelerate its overall development.
“I often compare our offering with Salesforce in the 2000s. You can either buy a server and a floppy disk, or you can pay a monthly subscription per user,” said co-founder and CEO François Oudot.
The company has already built 300 charging stations and anticipates shipping 2,000 more by the end of 2023. In order to avoid charging his or her friends up front, Bump finances and oversees the installation of new charging stations. The company then takes care of maintenance and operation. Then it reduces the amount of kWh used, gradually covering the cost of the investment and bringing in some money for the company.
By 2030, Bump wants to have 25,000 charging stations installed. Additionally, the startup will employ 100 workers.
