EVPassport scored $200M to build out its app-less charging infrastructure
Summary
You just scan a QR code and it integrates with your digital wallet, Hooman Shahidi, co-founder and CEO of EVPassport, told TechCrunch. The company also hopes to make it easier for enterprise and commercial businesses to meet their EV goals by providing charging infrastructure-as-a-service (IaaS). The funds came from Northleaf Capital Partners, a private equity firm that has acquired a controlling stake in the startup.Since launching in 2020, the startup has deployed 5,000 chargers across 35 states in the U.S., as well as Canada and Mexico. The type of Level 2 plugs installed will be at the customers discretion.EVPassport has also committed to building a large charging hub at the Viejas Casino and Resort in Alpine, California, with more than 400 plugs at one site.For comparison, electric mobility company Revel has opened two charging hubs in Brooklyn, New York with a collective 40 DC fast chargers. Or in a multifamily housing development, managers can integrate the EV charging experience with property management software so they can learn how tenants are interfacing with amenities.That provides some flexibility and optionality for future growth that we think most customers really like, said Lagani\xe8re, noting that the functionality also aligns with Northleafs vision of investing in infrastructure.Lagani\xe8re also noted that EVPassports business model provides an economic incentive to businesses to partner with the startup because the service is not only subscription-based, but also involves a 50% revenue share.EVPassports average contract length is about 10 years, said Shahidi.