Electric Vehicle Charging Solutions Company EV Connect Raises $8M

Funding Rounds

▤ Summary

EV Connect, an El Segundo, CA-based provider of electric vehicle (EV) charging solutions and of a cloud-based EV network management platform, closed an $8m financing round. The round was led by Ecosystem Integrity Fund, with participation from Montage Capital and existing investors. The company intends to use the funds to accelerate deployment of its EV Cloud™ management platform in the U.S., advance its integration with utility grid systems and expand into new global markets. Established in 2009 by Jordan Ramer, CEO, EV Connect has created EV Cloud™, a cloud-based software platform for managing electric vehicle (EV) charging stations, and their interaction with utilities, energy management systems and drivers. Customers currently include Hilton, Western Digital, Electrify America, ADP, Caltrans, Lockheed Martin, Los Angeles Metropolitan Transportation Authority, New York Power Authority, and numerous municipalities.

$ Funding

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Amount $8.0M Total raised
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Date July 24, 2018 Announcement date
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Investors Montage Capital, Ecosystem Integrity Fund Lead investors
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Company http://www.evconnect.com Funded company

▥ Classifications

industries
Hospitality
applications
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◇ AskAI Classifications

Labels
Electric Vehicle Software Charging Network Management SaaS Platform

▦ Linked Companies

EV Connect
$10M to $25M