Treehouse, a Detroit, MI-based electrification company that delivers turnkey installations for home EV charging, raised $10M in funding.
The round was led by Montage Ventures and Trucks Venture Capital, with participation from CarMax, Assurant Ventures, Acrew Capital, Gutter Capital, Detroit Venture Partners, Holman, and Automotive Ventures.
The company intends to use the funds to expand its Installation-as-a-Service offering to more than 30 states in the next 12 months, while investing in software that can expand the offering to other electrification products.
Led by Eric Owski, CEO and Co-Founder, Treehouse is an electrification company that delivers turnkey installations for home EV charging. Its pricing technology allows EV buyers to receive an instant, guaranteed quote for home charging installation at the point of sale in auto retail locations or via API while applying for vehicle financing. Instant pricing allows home charging to be integrated directly into the vehicle loan, reducing barriers to affordability for home charging. Treehouse also automates permit documentation and has a proprietary network of electricians, to deliver an elevated experience by managing the customer journey from end to end.
Beyond charger installation, the company is helping EV owners maximize incentives and rate plans by compiling every federal, state, and local incentive for home EV charging.
FinSMEs
09/08/2023