ElectroTempo, an Arlington, VA-based provider of planning and intelligence software for electric charging networks, raised $4M in Seed funding.
The round was led by Buoyant Ventures, with participation from Schematic Ventures, and Zebox Ventures.
The company intends to use the funds to expand the geographic coverage of its solutions across the U.S., and round out product features to serve industrial site hosts in deploying and operating infrastructure to accelerate truck electrification.
Led by Dr. Ann Xu, CEO, ElectroTempo is a software company focused on charging network planning and intelligence for industrial and trucking applications. Its software forecasts EV charging demand and recommends cost-effective equipment and infrastructure investments for its clients. The industrial site host customers utilize this software to determine how to establish and operate EV charging networks to maximize utilization of their assets (including vehicles and chargers), thus improving the return on their investments by 20% or more.
Since receiving pre-seed funding in January 2022, the company has grown from one customer to nine and increased its annual recurring revenue (AAR) by over 150%.
FinSMEs
16/08/2023