SurplusMap welcomes EIT Urban Mobility as investor

SurplusMap has successfully secured an additional investment from EIT Urban Mobility with €1.1 million raised so far. EIT Urban Mobility is an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union.

This investment marks a major milestone for SurplusMap and signals growing international recognition for Norway’s deeptech and urban innovation scene. EIT Urban Mobility’s backing is not only a significant financial boost – it is a powerful vote of confidence from one of Europe’s most influential urban mobility initiatives.

“Having EIT Urban Mobility onboard is a huge moment for us,” said Luis de Ita Maubant, CEO and co-founder of SurplusMap. “This investment validates our vision and gives us the resources to accelerate product development, grow our team, and expand across Europe. It’s more than funding – it’s a partnership with an organization that understands the urgent need for smarter, greener cities.”

Reinier van Gageldonk, CCO and co-founder, added: “We’re incredibly proud to be one of the few Norwegian startups to receive such backing from an EU-level institution. This is about scaling an idea that can have real impact – helping cities and businesses find the best locations for the green transition. EIT Urban Mobility brings not only capital, but access to a powerful ecosystem of cities, corporates, and innovation partners.”

Peter Vest, Investment & Portfolio Manager at EIT Urban Mobility, commented, “Any solution which accelerates the adoption of more sustainable forms of transportation has the potential to create positive impact. From EIT Urban Mobility’s perspective, this is the driving aspect for our investment. With their suite of products, SurplusMap is simplifying the deployment of vital EV infrastructure for providers, cities and regional governments alike, creating an environment where it is easier to make the more sustainable choice.”

This collaboration underlines SurplusMap’s mission to empower sustainable urban development through data and positions the company as a key player in Europe’s climate tech and smart city innovation landscape. 

“We have been very deliberate in finding the right investor for SurplusMap, who are true partners and provide tangible value to help build on our vision. From Simula Research Labs, our first investor, who is currently collaborating actively in R&D and scientific backing for our AI products, to Equinor-Techstars, one of the top early-stage VCs in the world, Bentley Systems (NASDAQ: BSY), a global leader in software for infrastructure deployment that can give us a soft landing when we expand to new markets, and EIT UM, a European leader in the mobility sector and electrification that supports our vision to advance electrification, make our cities more livable, and tackle climate change,” said Luis de Ita Maubant. 

About SurplusMap

SurplusMap is a pioneering company in the intersection of artificial intelligence, EV charging and energy and was founded in 2020 in Norway. Their vision is to enable a smarter and more sustainable world by optimizing the green energy supply and demand and SurplusMap has been at the forefront of technological advancements in the EV charging and energy sector. Simula Innovation, Equinor Techstars, Bentley Systems and EIT Urban Mobility are some of their investors.

About EIT Urban Mobility

EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, aims to accelerate solutions and the transition towards a user-centric, integrated and truly multimodal transport system. As the leading European innovation community for urban mobility, EIT Urban Mobility works to avoid fragmentation by facilitating collaboration between cities, industry, academia, research and innovation to solve the most pressing mobility challenges of cities. Using cities as living labs, its industry, research and university partners will demonstrate how new technologies can work to solve real problems in real cities by transporting people, goods and waste in smarter ways. 

For more information visit: www.eiturbanmobility.eu

For press inquiries:

Monique Berntsen

Head of marketing, SurplusMap

M: +47 926 656 63

E: monique@surplusmap.com