EV Connect, which builds cloud-based software for managing charging networks, has closed a $12-million Series B funding round, led by Japanese conglomerate Mitsui & Co and Ecosystem Integrity Fund. This funding round brings the total capital raised by EV Connect to over $25 million.
EV Connect is based on international open standards, so customers can use a wide range of charging equipment. It works with a large selection of Level 2 and DC Fast Chargers from various manufacturers.
The software can provide key insights into EV charging to help protect grid assets through demand response management, usage monitoring, and assurance that capacity requirements are met. The EV Connect platform also offers EV drivers real-time access to charging station status through a smartphone app.
“Charging infrastructure needs to be easy for drivers to use and manageable for utilities and site owners,” said EV Connect CEO Jordan Ramer. “The EV industry cannot afford to continue on a path of building a fragmented EV charging ecosystem on closed platforms. We look forward to working with our new investors to bring truly flexible, open standards scalability to electric transportation.”
Source: EV Connect
Source: Electric Vehicles Magazine