# ChargeNet Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chargenet-holdings

- Industry: Renewable Energy
- Headquarters: San Diego, US
- Website: www.chargenetstations.com
- Total disclosed funding: $6.2M
- Latest round: Seed (Jan 10, 2022)
- Investors on record: 1

## About

ChargeNet Holdings, Inc. specializes in integrating electric vehicle fast charging solutions into quick service restaurant locations, transforming parking lots into efficient, revenue-generating assets for businesses and convenience for drivers.Founded in 2019 and headquartered in San Diego, US, ChargeNet Holdings, Inc. focuses on providing electric vehicle charging infrastructure. The company raised USD 6.2 million in Seed funding in January 2022, led by Aligned Climate Capital. Tosh Dutt, the founder, has a history of innovation in the tech and sustainability sectors.ChargeNet Stations primarily offers a software platform that integrates electric vehicle (EV) fast charging solutions into quick service restaurant (QSR) locations. Their core services include the installation of EV charging stations that allow drivers to charge their vehicles while dining, thereby catering to the growing demand for EV infrastructure in urban areas and along highways. The company's services target QSR operators aiming to lower operational costs and enhance customer service, as well as electric vehicle drivers seeking convenient charging options.ChargeNet Stations generates revenue through partnerships with quick service restaurants, enabling the installation and operation of its EV charging stations. This business model incorporates a SaaS (Software as a Service) framework for efficient management of charging operations, operating under a revenue-sharing structure with restaurants receiving a portion of the fees collected from EV drivers. The pricing strategy is competitive, offering low-cost electricity for charging, which not only incentivizes drivers but also provides QSRs with an additional income stream.Following the recent Seed funding of USD 6.2 million in January 2022, ChargeNet Holdings, Inc. plans to execute its development pipeline of solar powered charging stations and expand its workforce to support growth. The funding will facilitate the launch of upcoming products designed to enhance EV infrastructure and enable the company to target additional markets across the United States, particularly in regions with a high demand for EV charging solutions.

## Funding rounds

- Seed, Jan 10, 2022, $6.2M — Aligned Climate Capital

## Investors

- Aligned Climate Capital (https://capitalatlas.ai/funds/aligned-climate-capital) — Seed