What is EV Connect?
Founded in 2009 and headquartered in El Segundo, California, EV Connect specializes in delivering comprehensive electric vehicle charging solutions and operational software. The company serves a global market, managing charging stations and ensuring seamless operation for EV users. Its offerings are critical for the widespread adoption of electric vehicles, addressing the growing demand for reliable and accessible charging infrastructure. EV Connect's commitment to operational excellence positions it as a key player in the transition towards sustainable transportation.
How much funding has EV Connect raised?
EV Connect has raised a total of $23.9M across 5 funding rounds:
Private Equity
$2.7M
Series A
$8M
Series B
$12M
Debt
$350K
Debt
$846K
Private Equity (2015): $2.7M with participation from Sustainable America and Double M Partners
Series A (2018): $8M led by Montage Capital and Ecosystem Integrity Fund
Series B (2019): $12M supported by Ecosystem Integrity Fund and Mitsui & Co., Ltd
Debt (2020): $350K featuring PPP
Debt (2021): $846K backed by PPP
Key Investors in EV Connect
Ecosystem Integrity Fund
The Ecosystem Integrity Fund (EIF) is a sustainability-focused venture capital fund that invests in early growth stage companies contributing to environmental sustainability. Their investment focus includes renewable energy and electric vehicles.
Mitsui & Co., Ltd
Mitsui & Co. is a global trading and investment company with a diverse portfolio, focusing on supporting industry growth and promoting the global transition to low-carbon and renewable energy.
Montage Capital
Montage Capital specializes in providing growth debt to capital-efficient companies, offering tailored capital solutions to fuel expansion without significant ownership dilution.
What's next for EV Connect?
With the recent major strategic investment and substantial overall capital, EV Connect is poised for significant expansion and innovation. The company is likely to leverage this financing to enhance its software platform, broaden its network of charging stations, and potentially explore new market opportunities. This strategic backing signals confidence in EV Connect's business model and its capacity to capitalize on the accelerating global shift towards electric mobility. Future developments may include advancements in smart charging technology, integration with utility grids, and further international market penetration.
See full EV Connect company page
