202423 Feb

After raising €29.8M, London’s ev.energy secures $41M California Energy Commission Grant

Summary

Ev.energy, a London-based software platform that manages the charging of electric vehicles (EVs), announced on Wednesday that it has been chosen to receive a public funding grant of up to $41M (approximately €38M) from the California Energy Commission (CEC). Founded in 2018 by Nick Woolley and Chris Darby, ev.energy offers an end-to-end software platform that seamlessly connects with various electric vehicles and chargers, intelligently managing EV charging. Since its inception, the company has secured over 30 national, regional, and municipal utility contracts, and established partnerships with major charging brands and auto original equipment manufacturers (OEMs) like the Volkswagen Group. In 2021, the London-based company introduced its commercial trading demand response platform, aimed at fortifying grid resilience and significantly reducing carbon emissions on a large scale. “MCE’s partnership with ev.energy will provide EV drivers with greater access to grid-friendly charging solutions that save them money and support the clean energy transition.

Source: Siliconcanals

Funding

$41M
Amount
Feb 21 2024
Date
-
Investor
ev.energy
Company

Classifications

Companies