What is Itselectric?
Itselectric specializes in the deployment of low-profile, curbside EV charging solutions specifically engineered for the constraints of high-density urban landscapes. The company operates a symbiotic business model, partnering with city property owners to install charging hardware that utilizes existing electrical capacity. This approach not only provides a seamless charging experience for drivers—who utilize a portable cable system—but also creates a passive income stream for property owners. With active operations in major U.S. hubs including Boston, Detroit, and Los Angeles, Itselectric is effectively bridging the gap between private property energy access and public transportation needs, establishing a scalable blueprint for sustainable urban mobility.
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 The Helm, Brooklyn Bridge Ventures, Clean Energy Venture Group, Graham & Walker, and XFactor Ventures
Angel/Seed (2024): $6.5M led by Failup Ventures, Pulse Fund, and Uber
Key Investors in Itselectric
Uber
A global technology platform that reimagines how people and goods move, Uber provides strategic support to companies building the future of logistics and mobility.
Pulse Fund
A venture capital firm focused on high-growth climate companies, providing operational expertise to accelerate the energy transition and sustainable infrastructure.
Failup Ventures
A Finnish-American venture capital fund that champions mission-driven technical founders addressing system-level challenges in the modern era.
What's next for Itselectric?
With this recent capital injection, Itselectric is poised to accelerate its geographic footprint and deepen its integration with municipal energy systems. The strategic involvement of industry heavyweights suggests a focus on operational maturity and the potential for large-scale deployment partnerships. As the company scales, the primary objective will be to optimize its hardware-as-a-service model while navigating the regulatory complexities of urban infrastructure. By focusing on high-utilization zones and leveraging its existing network, Itselectric is well-positioned to become a dominant player in the North American cleantech sector, driving the transition toward electrified urban transit through innovative, low-friction infrastructure.
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