Tuesday, October 22, 2019

EV Connect Finds $12M More For EV Charging Efforts

El Segundo-based EV Connect, which provides managed, electric vehicle charging stations for businesses, universities, governments, and others, said on Tuesday that it has raised $12M more in a funding round, in a Series B funding round. The funding was led by Mitsui & Co., Ltd. ,and also included the Ecosystem Integrity Fund and others. According to EV Connect, it has now raised $25M in total for the company. As part of the funding, the company said that Mitsui is in a commercial agreement with the firm to "develop new business models around EV charging infrastructure". EV Connect helps deploy both Level 2 and DC Fast Chargers to customers.