Lithuanian electric car charging solution developer Inbalance Grid acquires new sites owned by Polish supermarket chain Stokrotka

Lithuanian charging solution developer Inbalance Grid has partnered with Polish supermarket chain Stokrotka to install charging stations in Stokrotka-owned stores. The startup will invest in locations owned by Stokrotka. This partnership agreement marks Inbalance Grid's entry into a new market. 

Founded in Vilnius in 2018 by Simonas Stankus, Aurimas Pauga, and Nerijus Siaulys, Inbalance Grid designs and manufactures electric vehicle (EV) chargers and manages them through cloud-based software and controllers integrated into its charging points. The company's chargers enable EV charging in office buildings, shopping centers, hotels, property developers, car park operators, etc. Inbalance Grid solves the problem of limited infrastructure by installing IoT-based power balancing solutions.

Stokrotka has more than 1K locations in Poland and has the infrastructure to add new charging points as demand grows. Between 2024 and 2025, Inbalance Grid will install 276 charging stations in this supermarket chain, and about 60 Stokrotka stores will be integrated into the Inbalance Grid network by the end of 2024. 

In addition to charging stations, Inbalance Grid will deploy its IoT solution in Poland, which connects building management systems, photovoltaic systems, parking systems, and other devices. The partnership between Inbalance Grid and Stokrotka will help Inbalance Grid strengthen its position to enter new markets in CEE.

Earlier this month, Inbalance Grid announced a partnership with a network of petrol stations Orlen Baltics Retail, which operates in Lithuania. Inbalance Grid plans to install 174 charging points for electric vehicles by the end of 2027, including 15 charging stations for electric trucks and buses. The Lithuanian startup has invested up to €10M in the project.