ev.energy Raises $33M in Funding to Expand Global EV Charging Operations
ev.energy, a London, UK and Palo Alto, CA-based provider of an electric vehicle (EV) managed charging software platform, recently announced that it has raised $33M in Series B funding. The funding round was led by National Grid Partners (NGP) and received support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures. Existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV), and ArcTern Ventures also participated in the round. With this new investment, ev.energy plans to expand its global operations and further strengthen its presence in North America and the UK. As part of NGP's investment, Bobby Kandaswamy from National Grid Partners has joined the ev.energy board of directors.
ev.
.energy specializes in EV charging solutions for utilities and their customers. It is a Certified B Corporation®, and its end-to-end software platform connects wirelessly to a variety of electric vehicles and chargers, allowing for intelligent management of EV charging. The company collaborates closely with utilities to incentivize customers to charge their EVs during grid-friendly times, ultimately helping them save money. With partnerships established with utility companies, vehicle OEMs, and EVSE providers, ev.energy currently manages more than 120,000 EVs on its platform daily. Notable partners include National Grid, Volkswagen Group, Maxeon, and Siemens.
Since its establishment in 2018, ev.energy has made significant strides in the industry. The company has secured over 30 utility contracts at the national, regional, and municipal levels and has formed strategic alliances with leading charging brands and auto OEMs. This latest round of funding will enable ev.energy to capitalize on its rapid growth and continue delivering innovative solutions for the EV charging market.
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