🇸🇪 Delta Charge secures $4.3 million to electrify European logistics and industry

Delta Charge, a Swedish-German company that is pioneering charging and battery storage solutions for electric trucks, has raised $4.3m equity in an oversubscribed funding round led by Vireo Ventures and Rethink Ventures. The round includes executives from Audi and Allianz, German family offices and founders of Munich’s climate tech ecosystem. The funds will accelerate the growth of Delta Charge’s pan-European network of truck-charging depots and battery-enabled industrial hubs.

Founded in 2024 in Munich, Delta Charge combines battery energy storage systems (BESS) and charging hardware, energy management, and fixed-price charging services to enable European logistics and industry to unlock the economic advantages of large-scale energy operations. Backed by Delta Capacity, one of Scandinavia’s leading battery storage developers and investors, Delta Charge aims to deploy more than €300 million in infrastructure and deliver 1.8 TWh annually of clean energy by 2030.

“This financing marks a defining moment for Delta Charge as we scale our platform and continue to execute our vision,” said Filip Hes, CEO of Delta Charge. “We are seizing a once-in-a-decade opportunity to serve historic load growth and shape a new infrastructure asset class at the heart of Europe’s energy transition. With Rethink’s ambition to redefine transportation and Vireo’s strong commitment to European electrification, as well as Delta Capacity’s experience executing large scale battery projects, we are uniquely positioned to accelerate deployment across our pipeline.”

The announcement comes at a time when heavy-duty electrification is driving unprecedented load growth that could soon rival or even exceed the electricity consumption of Europe’s data centers. As transport could account for almost 50% of the continent’s CO2 emissions by 2030, logistics and freight operations present one of the largest untapped opportunities to substantially cut emissions while reducing per-kilometre costs.

“Operating electric truck fleets at the lowest possible total cost of ownership will rely on smart depot charging solutions that combine battery storage, charging infrastructure, and seamless software integration,” added Jens Philipp Klein, General Partner at Rethink Ventures. “The team at Delta Charge brings deep expertise across energy infrastructure execution, advanced battery software, and a track record of raising hundreds of millions towards rapidly scaling and executing infrastructure pipelines.”

With grid capacity tightening and permitting slowing, depot-based charging and battery storage are projected to attract more than €7 billion in investment by 2030. Positioned at the intersection of logistics and energy flexibility, Delta Charge aims to anchor the infrastructure powering Europe’s zero-carbon freight future.