$1.4 Million For Apartment/Condo EV Charging

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Originally published on EV Obsession.

EverCharge is one of the top companies out there currently catering to the multi-tenant-property electric vehicle (EV) charging station market, and it has just secured a new seed investment of $1.4 million.

The new financing deal was headed by the venture capital fund “Bolt” — a fund set up to facilitate the needs of “early-stage startups at the intersection of hardware and software” via financing, engineering support, and prototyping shops, amongst other things.

Evercharge

The new funding will reportedly be utilized by EverCharge to expand its reach throughout the US, and also for continued investment into its SmartPower technology platform.

“We love businesses like EverCharge that solve big problems in a creative way,” stated Ben Einstein, managing director of Bolt. “We’re thrilled that we can help the team get their product to market and help expand the adoption of electric vehicles.”

“Every day we hear from more car owners and property managers who need an easy way to get power to parking spots in an economical way,” stated EverCharge founder and CEO Jason Appelbaum. “And it’s clear this problem will only get bigger as the demand for electric vehicles grows. We think EverCharge is already having a meaningful impact on the size of the electric vehicle market, and this investment is going to help us grow even faster.”

Those looking for more information on the SmartPower EV Charging platform offered by EverCharge (launched back in 2014), or just more information on the company in general, can likely find it on the company’s website.

Image via EverCharge


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James Ayre

James Ayre's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy.

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