itselectric, a Brooklyn-based electric vehicle curbside charging company, raised $6.5M in seed funding, bringing its total funding to date to $11.8M.
The round was led by Failup Ventures and Uber Technologies, with participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm.
The company intends to use the funds for deployments across seven cities in the United States in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco.
itselectric aims to make EV charging accessible to all actively reducing carbon emissions and promoting a greener future. Through partnerships with cities nationwide, the company manages the installation, operation, and maintenance of chargers at no cost to municipalities or building owners. This provides drivers with charging options while offering property owners monthly passive income and helping cities to meet their decarbonization targets.
Additionally, itselectric offers a UL-certified detachable cable EV charger.
FinSMEs
16/07/2024