Farukh Kitchlew | Nov 29, 2023 | 0
ev.energy bags an impressive 33 million!
EV Energy, a leading provider of electric vehicle-grid integration solutions, has announced the successful closure of its Series B funding round, raising an impressive $33 million. The company specializes in developing smart charging and energy management solutions that facilitate the seamless integration of electric vehicles into existing power grids.
The funding round was led by National Grid Partners (NGP) with support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, the investment arm of JLR. The round also saw continued support from existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV), and ArcTern Ventures. Undoubtedly the funding underscores the growing importance of electric vehicle (EV) infrastructure and the company’s commitment to driving sustainable transportation solutions in North America and Europe.
The demand for electric vehicles is rising as governments and industries worldwide shift towards sustainable and environmentally friendly transportation solutions. However, the successful adoption of electric vehicles hinges on the availability of reliable and efficient charging infrastructure. EV Energy’s solutions are tailored to address this critical aspect of EV adoption, providing a comprehensive ecosystem that supports the seamless integration of EV charging into existing energy grids.