# EV Connect

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ev-connect

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: El Segundo, US
- Website: www.evconnect.com
- Total disclosed funding: $12M
- Latest round: Series B (Oct 22, 2019)
- Investors on record: 2

## About

EV Connect, Inc. focuses on providing a robust platform for managing electric vehicle (EV) charging infrastructure, enabling a seamless integration for various stakeholders in the EV ecosystem.Founded in 2009 by David Hughes, Jordan Ramer, and Ram Ambatipudi, EV Connect, Inc. is headquartered in El Segundo, US. The company specializes in offering solutions for managing EV charging stations. In June 2022, Schneider Electric SE acquired EV Connect, with financial terms undisclosed. Throughout its journey, the company has successfully closed 7 deals with a recent funding round being a Series B, amounting to USD 12.00 mn, raised from Ecosystem Integrity Fund and Mitsui Global Investment, totaling USD 12.00 mn raised to date.EV Connect specializes in providing a comprehensive platform for building, managing, and scaling electric vehicle (EV) charging businesses. Their core product offerings encompass an advanced management platform that facilitates the control of access, pricing, and real-time performance monitoring of EV charging stations. The platform is designed to address the needs of various end users, including Charge Point Operators (CPOs), Fortune 500 companies, fleet-scale transportation providers, and electric utilities. EV Connect’s services are particularly valuable for businesses looking to launch their own EV charging networks or integrate charging stations into their existing operations. The company’s solutions are marketed broadly across the United States and Canada, as well as internationally, targeting industries such as hospitality, healthcare, municipal governments, and retail, thereby enhancing user accessibility and operational efficiency.EV Connect employs a transactional model that includes subscription-based services and partnerships with various stakeholders within the EV ecosystem. The company generates revenue primarily through its platform services, which may involve direct B2B transactions with enterprise clients seeking to utilize the EV Connect management platform and related offerings. These transactions typically encompass software subscription fees, setup costs for EV charging stations, and potential revenue-sharing agreements based on station usage and performance metrics. While specific pricing details for individual services are not disclosed, the company's flagship offerings are designed to provide businesses with flexible options tailored to their operational needs, thereby fostering long-term partnerships and consistent revenue streams.With the recent funding and acquisition by Schneider Electric SE, EV Connect plans to enhance its product offerings and expand into new markets. Upcoming initiatives include the launch of advanced features on their management platform aimed at improving user experience. The company is strategically targeting markets in North America and Europe for expansion by 2024, utilizing the latest funding to support product development and regional outreach efforts.

## Funding rounds

- Series B, Oct 22, 2019, $12M — Mitsui Global Investment, Ecosystem Integrity Fund

## Investors

- Mitsui Global Investment (https://capitalatlas.ai/funds/mitsui-global-investment) — Series B
- Ecosystem Integrity Fund (https://capitalatlas.ai/funds/ecosystem-integrity-fund) — Series B