Inbalance Drives Baltic and CEE EV Charging Expansion with New EUR 1.8M Funding

• Inbalance secured EUR 1.8M to accelerate technology development and service expansion in 2026
• The company operates Baltics’ largest EV charging network, serving retailers, municipalities, and national authorities
• Inbalance is currently expanding internationally with its Stokrotka deal in Poland and more strategic plans in the Czech Republic
• Following the new investment, plans include further scaling across Europe and optimizing  hardware/software flexible, smart energy solutions

This January, Inbalance (also known as Inbalance grid)—the well-known Lithuanian EV charging solution provider—raised another round of investment. The startup’s long-standing supporter, the proactive Lithuanian VC firm CoInvest Capital (invested in Repsense recently), took part in this EUR 1.8M round alongside EIT Urban Mobility and several angel investors.

Inbalance in Recap

A team led by Simonas Stankus started Inbalance in 2019. Early motivation for the company sprang from the founders’ own frustrations with limited charging options, driving them to build both hardware and cloud-based software to make EV charging more accessible without costly grid upgrades. By 2020, they had developed initial prototypes and begun installing charging stations in Vilnius and other locations.

In the early 2020s, Inbalance executed several investment rounds to scale its network, completing a EUR 1.5M raise in 2021 and installing hundreds of new charging points across Lithuania. These funds were targeted at expanding the network and commercializing their IoT-enabled power-balancing solutions, positioning Inbalance as a credible EV infrastructure provider in the Baltics.

Becoming a Market Leader

ITKeyMedia got to talk to Inbalance about its 2021 round at the time. Since then, the company became the largest private EV charging network operator in the Baltic States, with partnerships and expansion deals into Poland and beyond.

‘A lot of milestones were reached in terms of accounts won, market penetration and our product. Currently, we are operating the largest public charging network in Lithuania. That’s an achievement and a proud position in an increasingly competitive market, racing against big national utility players,’ Inbalance’s COO Indrė Ubartaitė tells ITKeyMedia.

This was possible due to new accounts such as IKI, a retail chain owned by REWE group, with which Inbalance is developing charging infrastructure at every store. The company also became the operator of a national charging network owned by the Lithuanian Road Directorate and Vilnius Street Lighting Network, onboarding more than 700 charging points to the platform.

Also, Inbalance started developing DC charging infrastructure in addition to AC. A breakthrough deal was reached with ORLEN Lithuania to electrify all its stations in the country. Currently, 9 locations are active, and the number is expected to grow to 30 in the coming years. To fund this large-scale infrastructure project, the company secured EU support and issued bonds that were oversubscribed upon announcement. This marked another maturity milestone for Inbalance.

.As for international expansion, the focus remains on Poland and the broader Central Europe. A partnership with Stokrotka, a retail chain in Poland, was agreed to build chargers across all their stores, the active expansion stage should pick up speed this year. Reportedly, Inbalance is also active in the Czech Republic, working with the Ostrava municipality.

According to the team, Inbalance’s overall growth in terms of charging points, energy delivered, and revenues has been doubling every year since 2021.

CoInvest Capital has been following and supporting  Inbalance’s growth since the very first days of its operations.

‘Over six years in the market, the company has demonstrated resilience in both favourable and challenging conditions. We continue to monitor its development, believe in it, and support it. The company’s chosen strategy and its ability to execute it, along with innovative market solutions, have helped it prepare for a new stage in the sector: the number of electric vehicles in the region will inevitably begin to grow rapidly, and the company is already prepared for this today,” CoInvest Capital’s managing partner Viktorija Trimbel states.

To reiterate, Inbalance today is the energy tech company operating Inbalance grid, a smart EV‑charging network across the Baltics and expanding to CEE. It designs, installs, and manages fast and ultra‑fast EV chargers, integrates them with software for load balancing, energy management, and app‑based user access. Beyond hardware, Inbalance offers network operation services, partnerships with retailers and municipalities, and infrastructure financing solutions, positioning itself as a full-service EV charging ecosystem provider.

Innovating Smart Balancing Solutions Further

‘We are following the new technologies closely and building our solution to have maximum adaptability. Power limitations and grid connection hurdles are the core problems that we are addressing, so including batteries as an alternative source to conventional grid connections is a promising prospect, given the prices become competitive,’ Ms Ubartaitė shares.

‘The main idea behind Inbalance grid is to develop the tech to overcome any limitations that charging may face. Our balancing solution continues to prove its efficiency in allowing the installation of charging infrastructure in locations with limited power availability. By avoiding grid reconstruction and working on available power in real time, we can save on installation costs and enter location faster without having to wait for grid connection permits. Of course, DC charging allows for less flexibility in terms of charging power balancing, but some optimisations and hybrid models are also available there,’ Mr Stankus adds.

Investor Perspective, Development Roadmap, and Future Outlook

According to EIT Urban Mobility’s investment and portfolio manager Jan Hauser, investments in startups developing sustainable mobility in Europe remain highly promising  As for Inbalance, the company already holds a strong position in the market as one of the largest EV charging operators, while its clear expansion direction and the foundations already in place for further growth demonstrate significant growth potential. Mr Hauser and his team are confident that a company demonstrating an innovative vision and a consistent strategy will make a meaningful contribution to the development of mobility and energy technologies in the region.

The newly raised EUR 1.8M are meant to accelerate Inbalance’s technology development and service expansion. More specifically, in terms of new products and tech, the team is working on a new hardware product — a wall-mounted charging station, and reportedly, pre-orders are already coming in. The roadmap also includes advanced scheduling and balancing algorithms in line with the electricity market flexibility.

As for the business development, the plan is to continue expanding Inbalance’s public charging network to sustain the company’s position in Poland and other CEE countries. For the product line, the goal is to build distribution channels for Inbalance’s hardware and software to become accessible across all Europe.

‘What we’re excited about in the future is more flexibility in the energy markets, grid services, dynamic pricing and scheduling, sub-accounting for charging point operators and any other opportunities that would enable us to employ our network flexibility to optimize the charging price for our customers and electricity costs for ourselves. We are looking forward to the flexibility in these electricity pricing mechanisms and would welcome the coming in as soon as possible,’ Mr Stankus adds in conclusion.

Providing innovative solutions that overcome grid limitations and make sustainable mobility more accessible, Inbalance is playing a significant role in shaping the EV charging landscape in the Baltics and the CEE. Its rapid growth, expanding network, and strategic partnerships with retailers, municipalities, and energy authorities demonstrate both market confidence and the scalability of its technology. By combining hardware, software, and smart energy management, Inbalance is not only accelerating the adoption of electric vehicles but also paving the way for more flexible, efficient, and resilient energy systems across the region.