Electric Era Technologies, a Seattle, WA-based provider of PowerNode™ EV high-speed charging stations for the EV fast charging infrastructure, received an investment from Chevron Technology Ventures.
The investment from Chevron Technology Ventures’ Future Energy fund is part of Electric Era’s Series A financing led by HSBC Asset Management with participation from SQM Lithium Ventures, Blackhorn Ventures, and Proeza Ventures. Electric Era has received $20.5MM in funding to date.
The company intends to use the funds to accelerate the deployment of its charging stations to gas stations and convenience stores throughout the US.
Led by Quincy Lee, founder and CEO of Electric Era has developed PowerNode patented charging station technology and an AI-driven software platform designed to enable autonomous and real-time control of electrical grid power consumption and reliability. PowerNode’s built-in battery automatically discharges to support increased charging on-demand, lowering the draw on the electrical grid and enabling more charging sessions per day for a lower cost.
Electric Era’s first deployments of its PowerNode EV fast charging stations at quick service retailers are set to go online in the coming weeks in the Portland metro area at a Plaid Pantry store and a Space Age Fuels outlet. An additional installation at the Seven Feathers Travel Plaza in Southwest Oregon, and more than 10 other installations across seven states are planned to begin before the end of 2023.
FinSMEs
06/10/2023