EV Connect has closed its initial round of financing with funding coming from 37 Technology Ventures, Jackrel Ventures, Tech Coast Angels, Maverick Angels Keiretsu Forum, and other key individual investors. The company works with companies, government and transit agencies, hotels and consumers to install, operate and maintain electric vehicle charging stations. With this funding, EV Connect will expand its sales, marketing, and software development to capitalize on increasing customer demand. EV Connect will also build out its already-successful partnership program and fast-track strategic alliances with charge station manufacturers and network system providers.
“From 2011 to 2012, plug-in vehicle sales grew nearly 200 percent. I’m impressed with EV Connect’s market opportunity,” said Yuri Pikover, Tech Coast Angels. “EV Connect doesn’t make car charging hardware, rather, it focuses on its differentiated and defensible charge station deployment, management services, and proprietary cloud-based software platform. This unique combination of services allows EV Connect to offer customers their own branded or centrally-managed charge station network at all of their parking lots.”
Jordan Ramer, CEO of EV Connect added, “Our goal is to make EV infrastructure more accessible than ever for all companies and organizations.” We believe in the future, all parking spaces will offer EV charging–and EV Connect will be there to integrate, operate and maintain them, as well as customize their customer-facing features.”