What is Itselectric?
Itselectric operates at the intersection of urban planning and sustainable mobility, specializing in modular, curbside EV charging hardware. Unlike traditional, high-infrastructure charging stations, the company utilizes existing electrical supply from property owners, creating a symbiotic ecosystem where property owners generate passive income while drivers gain access to reliable, portable-cable charging. This innovative business model effectively lowers the barrier to entry for EV adoption in dense urban environments where private garage charging is often unavailable. By transforming city streets into a distributed energy network, Itselectric is establishing a defensible market position as a critical utility provider for the next generation of electric transportation.
How much funding has Itselectric raised?
Itselectric has raised a total of $8.7M across 2 funding rounds:
Other Financing Round
$2.2M
Angel/Seed
$6.5M
Other Financing Round (2023): $2.2M with participation from Graham & Walker, XFactor Ventures, The Helm, Brooklyn Bridge Ventures, and Clean Energy Venture Group
Angel/Seed (2024): $6.5M led by Failup Ventures, Uber, and Pulse Fund
Key Investors in Itselectric
Uber
A global technology platform that reimagines how people and goods move, providing a unified digital ecosystem for mobility and logistics.
Pulse Fund
A venture capital fund focused on high-growth climate companies building scalable solutions for a sustainable future.
Failup Ventures
A Finnish-American venture capital fund that supports mission-driven technical founders addressing system-level challenges.
What's next for Itselectric?
With the recent infusion of capital, Itselectric is poised to transition from its initial pilot phases into a broader, enterprise-level scaling strategy. The company's roadmap focuses on deepening its integration with municipal infrastructure and expanding its footprint in high-density urban centers. By prioritizing partnerships with city property owners and leveraging its unique, low-profile hardware design, the firm aims to solidify its status as a leader in the cleantech mobility sector. Future growth will likely center on optimizing its proprietary charging network and enhancing the user experience for EV drivers, ensuring that the company remains at the forefront of the global energy transition.
See full Itselectric company page
