Venture Capital Access Online | Venture Capital News
Summary
( ) XENDEE Raises $12M Series A Financing to Accelerate Deployments of Net-Zero Distributed Energy Systems and Ultra-Fast EV Charging Infrastructure A strong list of investors including TravelCenters of America Inc., Evergy Ventures, and Anzu Partners joined the oversubscribed $12M round SAN DIEGO, June 15, 2022-- XENDEE Corporation, a leader in distributed energy resources (DER) planning and operation software, today announced that it has raised $12M in Series A financing to increase the company\x92s Net-Zero DER and ultra-fast Electric Vehicle (EV) charging platform deployments. \x93We are pleased to announce new financing from these strategic investors and partners that will help increase XENDEE\x92s market presence and accelerate the global adoption of alternative energy systems needed to achieve superior business outcomes and net-zero carbon emissions goals,\x94 said Adib Nasl\xe9, CEO and Co-Founder of XENDEE. We believe it could serve as a blue-print for deployment and operation of Net-Zero EV fast charging stations nationwide.\x94 XENDEE\x92s platform integrates all stages necessary to achieve bankable distributed energy systems in a more intelligent way that ensures superior business outcomes with unmatched speed and accuracy. Evergy Ventures Vice President Dennis Odell added, \x93XENDEE\x92s transformational software technology unlocks the DER value chain by delivering the sophistication and speed electric utility planners and their customers need to decarbonize and democratize access to clean, reliable energy.\x94 XENDEE serves government and private entities who share its mission for a cleaner, and more energy-efficient planet. XENDEE also earned the prestigious Edison Gold Award in 2021 in the human critical infrastructure category for the potential of its technology to transform how the world transitions towards resilient and carbon-free alternative energy systems.