Monta has partnered with J.P. Morgan to launch an EV charging payment solution. The companies plan to fund access, payment security, and financial efficiency for EV charging businesses. Monta said this EV payment solution eliminates delayed revenue access, simplifies reconciliation, and strengthens financial security, helping operators scale efficiently.

Monta EV Payment Solution Solves Key Industry Challenges

EV charging businesses often struggle with revenue delays of up to 60 days, security risks, complex manual reconciliation, and compliance issues. These financial roadblocks disrupt cash flow and slow business expansion, Monta said.

Monta said its EV payment solution tackles these issues by providing:

• Instant fund access;
• Secure and compliant financial reconciliation;
• Payment collection;
• Direct revenue control without third-party fund holders.

“The future of EV charging lies in seamless, secure, and efficient financial solutions,” said Casper Rasmussen, CEO and Co-Founder of Monta. “Leveraging J.P. Morgan’s global payments solutions allows us to provide EV network operators and turnkey providers with the necessary tools to scale in the U.S. market, while aiming for the highest level of financial protection and operational efficiency.“

J.P. Morgan Backs Monta’s EV Payment Solution

“We are committed to driving innovation and supporting the growth of industries that are shaping the future, like Monta,” said Kim Larsson Nyheim, Relationship Executive, Nordics Innovation Economy at J.P. Morgan. “Supporting Monta on this journey positions them to build a stronger, more sustainable future for the EV industry. We are proud to play a role in their expansion, equipping them with a seamless, secure, and efficient financial ecosystem for the U.S.”

Monta Expands Its EV Charging Solutions in the U.S.

This announcement follows Monta’s recent expansion into the U.S. market. In September 2023, Monta launched its first U.S. office in Miami.