Inbalance develops, manufactures, and operates smart electric vehicle charging stations and functions as a charging network operator. Its solution focuses on optimizing electricity consumption to meet EV charging demand without requiring changes to existing power grid infrastructure. The company plans to accelerate expansion of its EV charging network and intends to install thousands of new stations. Founded in 2019 and led by CEO Simonas Stankus, Inbalance is based in Vilnius, Lithuania. Last year it completed its first funding round by raising €950k; it has now raised €1.5M in post-seed funding to support network growth.

Total raised

$2M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2021