Kempower and Virta to provide more fast EV charging services in Europe

Kempower has partnered with Virta, one of the biggest and fastest-growing electric vehicle charging platforms in Europe.

The combined offering of the two Finnish companies will help the European EV charging service providers to answer the acute demand for fast charging in a fast and scalable manner.

As part of the collaboration, Virta starts providing Kempower DC fast chargers for its customers in the European markets. The Virta smart charging platform enables public and private players to run and monetize their fast-charging services for EV drivers.

First fast-charging hubs with Kempower DC fast chargers will be installed for Virta customers in Sweden and Finland during the summer, followed by France, Germany, and the UK.

With a local supply chain and production in Finland, the companies are close to both the Nordic and European electric vehicle markets, enabling smooth delivery, commissioning, and operations for customers.

Virta is one of Europe’s fastest-growing companies for the third consecutive year, according to the Financial Times Europe’s 1000 fastest growing companies ranking published in March 2022. Currently, over one thousand customers in more than 30 countries run their EV charging services on Virta smart charging platform, making it one of the biggest networks in Europe.

Kempower, listed in the Nasdaq First North Growth Market Finland, has seen strong growth in recent years, gaining a strong foothold in the Nordics and Europe. In 2021, the Lahti-based company’s revenue growth was 741%, reaching EUR 27.4 million, driven by strong demand across Europe.

“We’re excited to join forces with Virta to bring our scalable, modular and user-friendly fast charging solutions to EV drivers across Europe. It is also great to work with another Finnish technology company to support the growth and success of both businesses,” said Tomi Ristimäki, CEO of Kempower.

”We chose Kempower as our partner because of its unique DC fast-charging solution and the high quality of its products. The Virta smart charging platform paired with Kempower’s chargers provide Charging Hub Operators unique flexibility and scalability, enabling a fast launch of operations and easy expansion of the charging capacity in the future. European EV sales growth calls urgently for more extensive fast charging services, and with this collaboration, we’re ready to answer the challenge,” added Jussi Palola, CEO of Virta.

 

About Virta

Virta is one of Europe’s fastest-growing companies and the fastest-growing EV charging company in the Financial Times TOP1000 ranking. Virta operates in more than 30 countries globally, enabling EV charging services of over one thousand charging networks that operate over 50 000 charging points on the Virta smart charging platform. Including roaming, the Virta platform gives EV drivers access to 250 000 charging points globally. Since January 2022, Virta also operates in Asia-Pacific markets from its Singapore office.  

Virta has over 19 patent families, including trailblazing bi-directional charging technologies, and is the forerunner also in technological development measured by patents relative to investments in the company. www.virta.global

About Kempower

Kempower designs and manufactures DC fast charging solutions for electric vehicles and machines. We’re a team of electric vehicle enthusiasts with a deep understanding of the charging market and a hands-on mentality. Our product development and production are rooted in Finland, with most of our materials and components sourced locally. We focus on all areas of transportation, from personal cars and commercial vehicles to mining equipment, boats and motorsports. With Kemppi Group’s 70 years’ experience in perfecting DC power supplies, we set the bar high in engineering and user-experience design. Kempower is listed in the Nasdaq First North Growth Market Finland. www.kempower.com

Further information:

Tomi Ristimäki, CEO, Kempower
tomi.ristimaki@kempower.com
Tel. +358 29 0021900

Jussi Palola, CEO, Virta
jussi.palola@virta.global

Kempower, media relations:

Paula Savonen, Director, Communications, Kempower
paula.savonen@kempower.com
Tel. +358 29 0021900
 

Virta, media relations:

Esa-Pekka Nykänen, Director of Communications, Virta
esa-pekka.nykanen@virta.global
Tel. +358 40 5953135