Coulomb Technologies, Inc., a Campbell, CA-based provider of electric vehicle (EV) charging station infrastructure, has secured $14m in its Series B funding.
The round was led by Voyager Capital and Rho Ventures, with participation from Siemens Venture Capital GmbH and Hartford Ventures, a strategic investment division of The Hartford Financial Services Group, Inc.
The company, which has networked charging stations installed in municipalities and organizations worldwide, will use the funds to expand research and development, operations capital and sales
The expansion will also include further penetration into worldwide markets including Asia and South America.
In conjunction with the funding, Daniel Ahn, managing director at Voyager Capital, and Mark Leschly, managing partner at Rho Ventures, will join Coulomb’s board of directors.
Commenting on the deal, Richard Lowenthal, CEO of the company, was quoted as saying: “We are pleased to partner with a group of high quality, experienced investors.
“This funding will allow us to accelerate our growth and further deploy the ChargePoint Network infrastructure that is necessary for the widespread adoption of electric vehicles”.
FinSMEs
02/01/2010