Hungarian software developer Volteum raises €1.25M in a seed round

The Budapest-based electric fleet optimization software Volteum has raised €1.25 million in a seed round to expand to new markets. The round was led by Day One Capital with the participation of Oktogon Ventures, Fiedler Capital, Techstars, and business angels.

  • Founded in 2020 by David Kertesz, Kornel Kalman, Zsofia Toth, and Krisztian Putti Volteum develops a software with which fleet operators can optimize their vehicle every day. The product can model and predict the energy consumption and the battery state of charge, plan optimal trips for the vehicles, and manage the daily tasks of the fleet.
  • Volteum goal is to enable every company to use EVs as easily, effectively and economically as internal combustion engine vehicles. The company claims that the solution will help to save money and loads of human resources, manual calculations, and planning with the algorithms.
  • The fresh round was led by Budapest early-stage technology investor Day One Capital. The firm seeks to invest in the computer hardware, software, mobile, pharmaceuticals, and biotechnology sectors. Techstars, Oktogon Ventures, Fiedler Capital also joined the investment. 
  • Volteum plans to spend the fresh capital to expand in the United States and Canada, and to enter the package delivery market. Also, the company plans to expand the range of available functions, for example for fleet operators.