EV Connect, a leading provider of electric vehicle (EV) charging solutions and the most advanced cloud-based EV network management platform, announced that it has closed an $8 million financing round. The round was led by Ecosystem Integrity Fund, with participation by Montage Capital and existing investors. Funds will be used to accelerate deployment of EV Connect’s EV Cloud™ management platform in the U.S., advance its integration with utility grid systems and expand into new global markets.
“EV Connect is uniquely positioned to address the massive growth and evolution which the EV charging market will experience over the next decade”, said Devin Whatley, partner with Ecosystem Integrity Fund and new EV Connect board member. “EV Cloud is delivering unmatched innovation to any organization deploying EV charging networks, networks-within-networks and grid services.”
EV Connect customers currently include Hilton, Western Digital, Electrify America, ADP, Caltrans, Lockheed Martin, Los Angeles Metropolitan Transportation Authority, New York Power Authority, and numerous municipalities. EV Cloud is the hub of innovation for EV charging management, including integration with electric utility grid and fleet operator systems which have and are being deployed nationally.
“This funding will allow us to continue our momentum in delivering the most advanced EV charging management and grid services to our customers,” said Jordan Ramer, founder and CEO of EV Connect. “By leveraging the insights and expertise of our new investors, we expect our partnerships with electric utilities, network operators and other global organizations to rapidly expand.
