ev.energy secures £9.5m in a Series A follow-on funding round led by ArcTern Ventures
The investment round was led by ArcTern Ventures to support international scaling and product development.
ev.energy provides a cloud-based software platform that intelligently manages electric vehicle charging for drivers and utilities worldwide. The company connects directly to vehicles and chargers to optimise energy usage and grid stability.
ev.energy has secured £9.5m in a Series A follow-on funding round led by ArcTern Ventures. The capital will be used to scale the company software platform to new partners and build intelligent charging capabilities. Additional participation in the round came from Energy Impact Partners and Future Energy Ventures.
The firm has seen rising demand for its platform from utilities and community choice aggregators seeking to manage grid strain and offer off-peak rebates. Partnerships with infrastructure providers such as Siemens have further supported deployments across the United States and international markets.
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
ev.energy
ev.energy operates a software platform for managed electric vehicle charging.