What is EV Connect?
Founded in 2009 and headquartered in El Segundo, California, EV Connect operates at the intersection of software engineering and sustainable energy infrastructure. The company provides a robust, cloud-based platform that enables the management, monitoring, and optimization of electric vehicle charging stations on a global scale. By offering a hardware-agnostic software suite, EV Connect empowers site hosts, utilities, and fleet operators to streamline their charging operations, enhance user experience, and ensure high uptime for critical charging assets. Their market position is defined by a commitment to interoperability and scalable technology, which is essential for the widespread adoption of electric mobility.
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 Ecosystem Integrity Fund and Montage Capital
Series B (2019): $12M supported by Mitsui & Co., Ltd and Ecosystem Integrity Fund
Debt (2020): $350K featuring PPP
Debt (2021): $846K backed by PPP
Key Investors in EV Connect
Ecosystem Integrity Fund
A sustainability-focused venture capital firm that invests in early growth stage companies, specifically targeting renewable energy and electric vehicle infrastructure to drive environmental and economic impact.
Mitsui & Co., Ltd
A global trading and investment conglomerate with a diverse portfolio, focusing on long-term sustainable value and the global transition to low-carbon and renewable energy infrastructure.
Montage Capital
A specialized growth debt provider that offers tailored capital solutions to capital-efficient companies, enabling expansion while minimizing equity dilution for founders.
What's next for EV Connect?
With the recent influx of capital, EV Connect is well-positioned to accelerate its expansion into new geographic markets and deepen its technological moat. The company's strategic roadmap likely involves enhancing its grid-integration capabilities and expanding its software-as-a-service (SaaS) offerings to meet the increasing demand for smart charging infrastructure. As the automotive industry pivots toward full electrification, EV Connect's focus on operational efficiency and software-driven reliability will be critical in maintaining its competitive advantage. Future growth will likely be driven by strategic partnerships with global energy providers and continued investment in the software ecosystem that supports the next generation of EV charging networks.
See full EV Connect company page
