Inbalance grid

Based in Lithuania, In Balance grid, UAB specializes in electric vehicle (EV) charging infrastructure, offering charging stations, software solutions, and operational support to facilitate EV adoption across various regions. In Balance grid, UAB is engaged in providing innovative solutions for electric vehicle charging infrastructure. Founded in 2019, the company is headquartered in Vilnius, Lithuania. As of March 2023, it has completed 4 deals, including its latest round where it raised EUR 1.

3 million from investors such as Civinity Group and Contrarian Ventures. The founder's previous ventures are not disclosed. The total funding raised by the company stands at EUR 1. 3 million.

In Balance grid provides a comprehensive suite of products and services centered around electric vehicle (EV) charging infrastructure. Its offerings include a network of charging stations, advanced software for station management, and continuous operational support. These charging stations meet the needs of residential, commercial, and public locations, aiming to increase access to EV charging in the Baltics and Central-Eastern Europe. The company serves both individual drivers and institutional clients, including offices and retailers, promoting efficient EV charging solutions.

In Balance grid reported a revenue of EUR 1,191,769. 70 for the year 2023, with an EBITDA of EUR -1,048,036. 30. As of March 2023, In Balance grid, UAB raised EUR 1.

3 million in funding, which will be utilized to enhance its technology and expand its network to include 600 public EV charging points within a year. The company is actively seeking to enter new markets and geographic regions, although specific targets have not been disclosed. This funding will support the company’s initiatives in bolstering its infrastructure and increasing accessibility for EV users.