ChargePanel AB (publ) continues its expansion in the European market

ChargePanel AB (publ) and Smart Balance (Frozen Stuff SRL) (hereinafter referred to as Smart Balance) enter a cooperation for the charging of electric vehicles in the Romanian market.

Smart Balance, the brand name for the company’s electric vehicle solutions, has today signed an agreement with ChargePanel for the subscription service Enterprise. Smart Balance intends to use ChargePanel’s SaaS platform to enable the expansion and management of charging networks for electric vehicles in Romania, with plans to expand to other European countries.

ChargePanel Enterprise is a subscription service of the company’s SaaS platform that enables control and management of charging infrastructure for electric vehicles and provides charging services to electric vehicle drivers. Smart Balance has been active in the electric vehicle industry since 2019 in Romania and has ambitions to expand to Hungary, Belgium, France, and Germany. Within three years, the company plans to be able to offer at least 2,000 charging points, within both public charging and at workplaces, which is made possible through ChargePanel’s SaaS platform. According to Roland Berger’s fifth annual Romanian e-Mobility index, the Romanian market shows that the country has unofficially passed the halfway point in terms of maturity for electric vehicles (EVs) with promising growth opportunities*.

“It is very exciting to start a collaboration with Smart Balance, which is an ambitious and energetic company based in Bucharest and has the ambitions to also operate in other countries – this is completely in line with our own ambitions; to grow internationally together with our customers.” – Jan Berggren, CEO ChargePanel AB (publ)

“We connected immediately to ChargePanel and its White Label SaaS platform. In addition to making it easier for us and enabling efficient operations, this platform will give us the best conditions to expand in accordance with our own ambitions and strategies.” – Eduard Anghel, Managing Director, Smart Balance

About Smart Balance (Frozen Stuff SRL)
Smart Balance is a Romanian company that has been active in the electric vehicle industry since 2019. The company is currently located in Romania and has ambitions to expand to Hungary, Belgium, France, and Germany.

About ChargePanel
ChargePanel AB (Stockholm, Sweden)

ChargePanel AB (publ.) is a GreenTech company that offers B2B solutions within e-Mobility. The company is listed on Nasdaq First North Growth Market and the company’s Certified Adviser is Eminova Fondkommision.

The company has its entire focus on good customer relations and the development of innovative systems, applications, and technologies. ChargePanel provides customers with a white-label SaaS platform for the operation and management of a charging network, regardless of geographic market. The platform gives the electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure. The company’s strategy is both sustainability and customer centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fuelled vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future.
ChargePanel AB (publ), headquartered in Stockholm, is now planning an expansion both nationally and internationally. The company already has several international collaborations, for example in the United Kingdom and Norway.

*Roland Berger’s fifth annual Romanian E-Mobility Index