EV Connect announced that it has closed a $12M Series B funding round. Lead investors, Mitsui & Co., Ltd. and Ecosystem Integrity Fund, are joined by other venture investors to support the global expansion of EV Connect’s flexible, open, cloud-based solutions to expand the world’s EV charging ecosystem. This funding round brings the total capital raised by EV Connect to over $25M, with more than 6,000 connectors under contract.
In addition to taking an equity position in EV Connect, Mitsui has executed a commercial agreement to develop new business models around EV charging infrastructure. Through its cloud-based software platform, EV Connect supports businesses and utilities in the optimization and management of EV chargers. Companies can use a wide range of charging hardware, as EV Connect employs the industry’s first charge station certification program based on international open standards and market-leading network flexibility and interoperability.
The Company works with a large selection of charge station manufacturers for both Level 2 and DC Fast Chargers. The EV Connect platform also delivers EV drivers real-time access to charging station status through the EV Connect driver smartphone app.