Monta

Monta

Manages electric vehicle charging stations

About Monta

Simplify's Rating
Why Monta is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Automotive & Transportation

Energy

Company Size

201-500

Company Stage

Series B

Total Funding

$143M

Headquarters

Copenhagen, Denmark

Founded

2020

Overview

Monta operates in the electric vehicle (EV) charging sector, providing a solution for managing EV charging stations. The company offers a Charge Point Management System (CPMS) that simplifies the installation, management, and operation of charging points for various clients, including workplaces, commercial businesses, and municipalities. This system allows clients to control access to their charging stations, manage energy usage, collect charging data, and provide multiple payment options. Monta's software-only approach offers flexibility and eliminates the need for different systems, which has contributed to its success in winning a majority of tenders with clients. The company's goal is to lead in the EV charging market by offering comprehensive and adaptable solutions for businesses and organizations.

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Simplify's Take

What believers are saying

  • Monta's expansion into the U.S. market opens new growth opportunities.
  • Partnerships with Tesla and Hubject enhance Monta's technological capabilities.
  • The trend towards renewable energy integration boosts Monta's sustainability profile.

What critics are saying

  • Intense competition in the U.S. market could hinder Monta's expansion efforts.
  • Potential regulatory challenges in the U.S. may affect Monta's operations.
  • Reliance on partnerships poses risks if these partnerships dissolve or face challenges.

What makes Monta unique

  • Monta offers a comprehensive software-only solution for managing EV charging stations.
  • The company focuses on B2B sales, targeting fleets, workplaces, and municipalities.
  • Monta's CPMS provides exclusive energy management features and multiple payment options.

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Funding

Total Funding

$143M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$88M
Monta
$100M
ClickUp

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

4%

2 year growth

2%
Renewable Energy Magazine
Mar 3rd, 2025
Monta And Gridbeyond Register Ev Assets To Help Stabilise Uk Power Grid

Monday, 03 March 2025Danish EV charging operating platform Monta has got together with global smart energy company GridBeyond to register the first 2,000 EV assets with the UK’s non-dynamic frequency response service Static Firm Frequency Response (SFFR), in operation since 31March 2023, to help enhance energy stability and prevent blackouts.In partnership with GridBeyond, charge points are deployed as demand-side assets in SFFR programmes through Monta’s PowerBank feature. PowerBank is a preventative smart energy solution that detects imbalances in the electrical grid and briefly pauses charging sessions to prevent power outages.Monta connects thousands of charge points to the grid, helping to distribute and alleviate stress caused by fluctuating electricity production. Consumption charge point owners actively contribute to grid stability while earning Monta Wallet credits as a reward.This approach enables businesses and individuals to participate in grid-balancing initiatives, helping their communities avoid blackouts and supporting a more resilient energy infrastructure.EV charging stations are often concentrated in urban areas, generating high electricity demand in specific locations. This can strain the local grid, impacting EV charging availability and the overall power supply to homes and businesses.“PowerBank is a game-changer for alleviating pressure on the electrical grid” said Alex Iriondo, Grid Services Product Manager at Monta. “As EV adoption continues to grow, we must build a resilient, sustainable infrastructure that ensures both accessibility and stability. This partnership with GridBeyond underscores Monta’s commitment to smart, responsible energy management, leveraging EV charging networks not just as power consumers, but as active grid supporters

EV Magazine
Feb 25th, 2025
Monta and GridBeyond: EV Charing with Grid Stability

By seamlessly integrating Monta's smart charging solution with GridBeyond's Virtual Power Plant (VPP) platform, the initiative ensures effective control and market access for charge points.

CFotech
Feb 17th, 2025
James Eyton joins Monta as CFO to drive global growth

Monta has appointed James Eyton as Chief Financial Officer, further strengthening its executive team as it scales operations across Europe and North America.

Enterprise Times
Nov 12th, 2024
Monta Teams up with Tesla to enable Home Chargers for Corporate Fleets

Monta teams up with Tesla to enable home chargers for corporate fleets.

PR Newswire
Oct 29th, 2024
Danish Ev Charging Platform Monta Expands To The U.S. To Support Global Growth Of Charging Infrastructure Market

- Company also announces partnership with Emobi, a leading EV charging ecosystem in North America, to bring its charging software to EV drivers in the U.S.- New headquarters in Miami marks Monta's entrance into its first market outside of EuropeMIAMI, Oct. 29, 2024 /PRNewswire/ -- Monta, the Copenhagen-based operating platform powering the EV charging ecosystem, announced today the opening of its U.S. headquarters in Miami. The company's U.S. expansion plan includes connecting 25,000 commercial charge points to its platform by the end of 2025 and 1 million charge points by the end of 2030. Monta will welcome 30 employees, including co-founder and CEO Casper Rasmussen, to its U.S

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