Inbalance grid, the largest Baltic EV charging network operator and solution developer, has made its mark on the Polish market through a strategic partnership with Stokrotka, a prominent supermarket chain boasting over 1,000 locations across the country. This collaboration signifies a significant step forward for Inbalance grid as it expands its operations into Central and Eastern Europe (CEE).
Under the agreement, Inbalance grid will install 276 charging points at Stokrotka stores throughout 2024 and 2025. This initiative aims to solidify Stokrotka’s position as the most EV-friendly supermarket chain in Poland. Beyond this initial deployment, Inbalance grid has plans for further expansion within Poland and beyond.
Inbalance grid will leverage its proprietary smart charging stations across major Polish cities and smaller towns. The company’s commitment to deploying its innovative IoT solutions in Poland sets it apart. These solutions seamlessly integrate with building management systems (BMS), photovoltaic (PV) systems, parking systems, and other devices, creating a comprehensive and intelligent charging infrastructure.
The decision to partner with Inbalance grid was driven by Stokrotka’s recognition of the company’s technological edge. Inbalance grid’s expertise in IoT development and integration, coupled with its in-house designed, internationally and locally certified hardware and software, impressed Stokrotka. The company also values Inbalance grid’s commitment to user-friendliness, robust and scalable infrastructure, and swift project execution.
Inbalance grid’s CEO, Simonas Stankus, highlights the significance of the partnership with Stokrotka. He emphasizes that it will serve as a tangible demonstration of Inbalance grid’s groundbreaking research and development efforts in Poland, paving the way for future growth opportunities in the country and other CEE markets.
The partnership aligns with European trends indicating a shift towards EV charging at regularly visited locations like businesses and shopping centers. However, these locations often present challenges due to limited electric infrastructure. Inbalance grid has consistently addressed these hurdles with its flexible and future-proof designs and smart IoT-based power balancing solutions. These solutions are easily installable and designed to accommodate future demand. This approach has propelled Inbalance grid to a leading position in the Baltic states and enabled the company to make strides in new European markets.
Inbalance grid advocates for a balanced approach to infrastructure expansion, seeking a harmonious blend of AC and DC charging stations. The company’s Baltic clientele includes major supermarket chains, real estate developers, parking and mobility service operators, and a robust public sector presence.
In August, Inbalance grid announced another strategic partnership with Orlen Baltics Retail, a gas station chain operating in Lithuania and owned by Polish energy giant Orlen. By the end of 2027, Inbalance grid will install 174 fast EV charging points across the Lithuanian Orlen network, including 15 dedicated charging parks for electric trucks and buses. This venture has secured an investment of up to 10 million euros from Inbalance grid.
Inbalance grid is backed by a strong network of investors, including venture capital funds like Contrarian Ventures, Coinvest Capital, Orion Ventures, and EIT Urban Mobility, private equity funds Equite and I Asset Management, as well as private investors and business angels. The company is headquartered in Vilnius, Lithuania.
