Volteum has raised €2.5m (£2.2m) to expand its AI-driven fleet management platform for electric and mixed vehicle fleets further into key Western European markets.

The funding round was led by Movens Capital with participation from WakeUp Capital and Aidiom, and follow-on from early investors Day One Capital, Techstars and Nesprit. The round follows a €1.25m (£1.1m) pre-seed investment, and brings total funding to €3.75m (£3.2m). The funds will be used to support an expansion throughout the UK, BeNeLux and DACH.

Volteum already works with organisations including Royal Mail, Bolt, Lex Autolease, Schneider Electric, OTP Bank, NG Bailey and Dundee City Council, as fleet operators across Europe face growing pressure to electrify without disrupting day-to-day operations. The European expansion made possible by this round will target fleet managers in logistics, utilities and car leasing and rental companies throughout 2026.

Fleets across Europe face growing pressure to electrify without disrupting day-to-day operations. As a result, many operators now run mixed diesel-petrol-electric fleets under real operational pressure and a distinct set of challenges.

Legacy fleet management software fails to handle EV-specific demands such as charging schedules, home charging reimbursements and battery health tracking. Operators are forced to rely on fragmented tools, manual spreadsheets and outdated diesel-era telematics systems.

This lack of centralised data blinds businesses to true energy and operational costs. For a typical 500-vehicle fleet, these inefficiencies and oversights can cost more than £1m in avoidable annual expenses.

Volteum’s platform helps operators manage mixed fleets while reducing manual work by 90% and operational costs by up to 30%.

It combines all fleet data, including charging, mileage and maintenance, onto a single platform without requiring additional hardware installation or an engineer visit. The solution works for every kind of fleet and, thanks to Volteum’s direct links to OEM connected data, newly integrated fleets go live within 48 hours of signing up and without any vehicle downtime. Volteum also uses aggregated fleet data to optimise day-to-day operations, automate fleet reporting and proactively flag unusual vehicle or charging behaviour before these cause extreme costs or any downtime.

Zsófia Tóth, co-founder and CEO of Volteum, commented: “We built Volteum to work for fleet managers regardless of where they are in the transition from diesel to electric. Our goal isn’t to push managers into electrifying their entire fleet, but rather give them the knowledge and the tools to make the most cost-effective decisions. This funding round positions us well to expand our work with fleet managers who need serious data transparency.”

Artur Banach, partner at Movens Capital, said the funding would support Volteum as it scales toward becoming a “category-defining platform” in Europe.

He continued: “Volteum is addressing one of the most practical and underappreciated challenges in the electrification of commercial transport. They’re supporting fleet operators in the move from ambition to operational execution. I’m impressed by the quality of their early customer traction as well as the positivity of customer feedback.”

Platform recommendations around charging, maintenance, battery health and vehicle utilisation improve over time thanks to the software’s continuous training on more than 3 billion operational fleet data points. By identifying maintenance issues before they become costly failures and uncovering inefficient charging behaviour across fleets, Volteum can help operators reduce operational costs by up to 30%. Outside of daily operations, Volteum’s Electric Fleet Planner (EFP) workflow manages long-term electrification planning for fleet managers looking to make the EV transition in the most practical and cost-efficient way possible.

Faye Walsh Drouillard, managing partner of WakeUp Capital, added, “Volteum is a technically credible, product-led company that we have watched outperform established incumbents in high-stakes competitive tenders within the highly relevant and complex EV fleet‑charging segment. We are delighted to support Volteum as they scale their product and accelerate commercial growth, helping fleet operators across Europe turn the energy transition into a core operational advantage.”