Necture raised €7 million in a Series A funding led by Smart Energy Innovationsfonds and Verbund X Ventures to accelerate the electrification of corporate fleets.

Necture, formerly known as Ubiq, announced it has secured additional funding, bringing its total Series A raise to €7 million. The investment round was led by Smart Energy Innovationsfonds and Verbund X Ventures, joining existing investors Speedinvest and smartworks innovation GmbH. The funding will fuel the company’s expansion into the corporate fleet market, enabling Necture to reach more companies worldwide and accelerate the electrification of fleets.