What is EV Connect?
Founded in 2009 and headquartered in El Segundo, California, EV Connect offers comprehensive operational services for electric vehicle charging stations globally. The company's software platform is designed to manage and optimize EV charging infrastructure, catering to a wide range of clients seeking reliable and scalable charging solutions. EV Connect's commitment to advancing EV adoption 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
Mitsui & Co., Ltd
Mitsui & Co., Ltd is a global trading and investment company with a diverse portfolio, actively involved in supporting industry growth and promoting the global transition to low-carbon energy solutions.
Ecosystem Integrity Fund
The Ecosystem Integrity Fund (EIF) is a venture capital fund focused on early growth stage companies contributing to environmental sustainability, aiming to accelerate the transition to a healthier planet and strong economic growth.
Sustainable America
Sustainable America is dedicated to fostering sustainable solutions for long-term food and fuel needs, inspiring action towards a sustainable future through various initiatives and resources.
What's next for EV Connect?
The substantial enterprise-level funding EV Connect has garnered indicates a strategic phase of scaling and market expansion. This capital infusion is expected to fuel further development of its charging network, enhance its software capabilities, and potentially explore new geographic markets. The company's focus on operational excellence and strategic partnerships will be critical in navigating the competitive landscape and capitalizing on the accelerating global demand for EV charging infrastructure.
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