What is Tritium?
Founded in 2001, Tritium designs and manufactures proprietary hardware and software for advanced and reliable DC fast charging solutions for electric vehicles. Their compact, robust, and USA-made chargers are engineered for ease of installation, ownership, and use, performing reliably even in harsh conditions. Tritium is committed to continuous innovation to support its global customer base in the transition to electric mobility. The company's focus on user-friendly and durable charging infrastructure positions it as a key player in the global EV ecosystem.
How much funding has Tritium raised?
Tritium has raised a total of $281.6M across 7 funding rounds:
Unspecified
$5.4M
Unspecified
$8M
Share Placement
$42M
Unspecified
$21.7M
Unspecified
$29.6M
Other Financing Round
$135M
Other Financing Round
$40M
Unspecified (2017): $5.4M with participation from Queensland Government
Unspecified (2017): $8M led by Brian Flannery
Share Placement (2018): $42M supported by Gilbarco Veeder-Root
Unspecified (2019): $21.7M, investors not publicly disclosed
Unspecified (2021): $29.6M backed by Cigna
Other Financing Round (2022): $135M, investors not publicly disclosed
Other Financing Round (2023): $40M led by Sunset Power and O-Corp EV
Key Investors in Tritium
Sunset Power
Sunset Power is an investor participating in the recent funding round, likely focused on energy and infrastructure investments.
O-Corp EV
O-Corp EV is an investor in the latest funding round, suggesting a strategic interest in the electric vehicle sector and its associated technologies.
Cigna
The Cigna Group is a global health company that has invested in Tritium, indicating a potential diversification strategy or interest in the broader sustainability and technology landscape.
What's next for Tritium?
The recent major strategic investment signifies a pivotal moment for Tritium, likely enabling the company to scale its manufacturing capabilities, expand its global reach, and further invest in research and development for next-generation charging technologies. This substantial backing from investors suggests confidence in Tritium's business model and its potential to capitalize on the accelerating adoption of electric vehicles worldwide. The company is poised to play a crucial role in building out the necessary charging infrastructure to support this global shift.
See full Tritium company page
