# Curo Charging

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/curo-charging

- Industry: Energy Storage & Batteries
- Headquarters: San Francisco, US
- Website: www.curocharging.com/
- Latest round: Seed (Nov 22, 2024)
- Investors on record: 2

## About

Based in California, US, and founded in 2023, Return Protocol Inc. d/b/a Curo Charging operates as a provider of electric vehicle charging solutions, focusing on commercial fleets and asset owners. The company has recently engaged in its first deal on January 21, 2025, with a focus on expanding its presence in the market.  In January 2025, Return Protocol Inc., trading under the name Curo Charging, raised an undisclosed amount of venture funding from CoreNest Capital. The company was founded by Kieran and Andrew. 

Curo operates the Virtual Depot platform, designed to provide commercial fleets with access to electric vehicle (EV) charging solutions while generating revenue for asset owners. The core product offering includes a network of curated Virtual Depots that facilitate the distribution of electric vehicles across a growing number of private charging sites. This service addresses the need for fleets to access charging infrastructure. Curo caters to a diverse client base, including fleet operators and asset hosts, serving end users across various sectors seeking sustainable transportation solutions. Geographically, Curo's products are actively deployed across the United States, with a significant presence in states such as California, New York, Texas, and Florida, among others. 

Curo generates revenue through a transaction model that leverages partnerships between commercial fleet operators and asset hosts. Transactions typically involve subscription-based access to the Virtual Depot network, allowing fleets to customize their operational plans based on specific charging needs. For virtual depot #1 it charges USD 50 per month, for virtual depot #2 it charges USD 100 per month, etc.

## Funding rounds

- Seed, Nov 22, 2024 — Pioneer Fund, CoreNest

## Investors

- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- CoreNest — Seed