DazeTechnology, to recharge people’s energy

Italy-based DazeTechnology, a provider of EV charging solutions, announced that it has raised €15M in a Series A round of funding to fuel its business expansion and accelerate the energy transition.

In addition to the €15M raised, Daze plans to foster engagement with its existing supporters through an equity crowdfunding campaign. This campaign, hosted on the Mamacrowd portal, aims to secure up to €1.5M and is scheduled for launch in February.

The investment came from CDP Venture Capital, through the EnergyTech compartment of the Corporate Partners I fund and the Green Transition fund. This initiative is supported by resources from the EU through the NextGeneration EU initiative, aimed at fostering innovation in the green transition sector.

Additionally, the European Innovation Council’s EIC Fund, SIMEST’s Venture Capital fund on behalf of the Ministry of Foreign Affairs and International Cooperation, Founders Future, Prana Ventures, and 035 Investimenti, which had previously invested in Daze, have also participated in this round.

Marino Giocondi, Senior Partner and head of the Corporate Partner I fund at CDP Venture Capital says, “Our encounter with Daze immediately led to a great synergy: their project to develop new state-of-the-art wallboxes for home charging demonstrates a future-oriented vision, with a strong technological imprint and a focus on sustainability that could redefine the way the general public interacts with electric mobility.”

“We are proud to accompany this team on their journey of international development together with our corporate Limited Partners, bringing a positive impact to the electric vehicle market and becoming an integral part of this success story.”