Cost of home vs public EV charging

Recharging a company electric vehicle at home costs significantly less than using a public charging station. However, accurately reimbursing employees for this electricity consumption presents a challenge for companies.

Startup raises funds for solution

The French startup Voltaback aims to automate this process and has recently raised 2.8 million euros to accelerate its development. While plugging in a company car at home may seem like the simplest solution, companies face complexities in distinguishing the electricity consumed by the vehicle and reimbursing employees at the correct rate.

Voltaback's growing presence

Founded in 2023 by Arnaud Tran and Adrien Guenard, the company claims to already equip 20% of the companies in the CAC 40. Among its customers are Veolia, BNP Paribas, Equans, Sanef, Lyreco, Loxam, Fayat, Fives, and Sodexo.

Funding round details

To further its growth in France and across Europe, Voltaback completed a fundraising round of 2.8 million euros led by Serena. Aurélien de Meaux, co-founder and director of Electra, and Maxime Brousse from Sequoia Scout also participated in the round.

No extra equipment needed

Voltaback's approach relies on the absence of additional equipment. The platform integrates data from electricity bills, Linky meters, and connected vehicles to identify charging sessions and calculate their actual cost.

Financial impact

According to the company, this generates a receipt usable by the employer. The financial stakes can be significant: an employee not reimbursed could lose about 600 euros per year, while companies may spend up to 2,000 euros annually when drivers prefer public stations.

Cost comparison

A 50 kWh charge costs approximately 8 euros at home, compared to 30 euros on a public station. Beyond charging, Voltaback aims to become a fleet management tool, tracking mileage, in-kind benefits, and RSE indicators.

Growing EV adoption

This positioning could become strategic as electric vehicles represented more than 40% of company registrations in September.