ev.energy, a London, UK and Palo Alto, CA-based provider of an electric vehicle (EV) managed charging software platform, raised $33M in Series B funding.
The round was led by National Grid Partners (NGP) with support from Aviva Ventures, WEX Venture Capital and InMotion Ventures, the investment arm of JLR. The round also saw continued support from existing investors Energy Impact Partners (EIP), Future Energy Ventures (FEV) and ArcTern Ventures. As part of NGP’s investment, Bobby Kandaswamy, Senior Director of Pathfinding & Incubation Investments at National Grid Partners, has joined the ev.energy board of directors.
The company intends to use the funds to expand its global operations while building on its growth across North America and the UK.
Led by CEO Nick Woolley, ev.energy is a Certified B Corporation® which specializes in EV charging for utilities and their customers. Its end-to-end software platform wirelessly connects to a range of electric vehicles and chargers to intelligently manage EV charging while working with utilities to put cash back in customers’ wallets for charging at grid-friendly times. With a global base of utility, vehicle OEM and EVSE partners, it manages more than 120,000 EVs on its platform each day.
Since 2018, ev.energy has won over 30 national, regional, and municipal utility contracts while forging partnerships with charging brands and auto original equipment manufacturers (OEMs). The partner list includes National Grid, Volkswagen Group, Maxeon, and Siemens.
FinSMEs
27/07/2023