ChargeLab, a Toronto, Canada-based provider of a hardware-agnostic software platform for managing electric vehicle chargers, raised additional $15M in Series A funding.
This expansion includes $10M in new equity financing and $5M in venture debt. The company’s first Series A tranche of $15M led by King River Capital was previously announced on May 18, 2022.
Backers included Silver Comet, and Eaton.
The company intends to use the funds to expand its engineering team, and introduce new products into the market.
Led by CEO Zak Lefevre and CTO Ehsan Mokhtari, ChargeLab builds software to operate and optimize electric vehicle charging equipment. The software runs at the edge and in the cloud, empowering fleets, building operators, and utilities to deploy large numbers of EV chargers and manage them as an intelligent network. Key capabilities include automated monitoring of EV chargers, management of pricing and access rules, payment processing, and electrical load balancing.
FinSMEs
15/04/2023