# It's Electric

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/it-s-electric

- Industry: Energy Storage & Batteries
- Headquarters: Brooklyn, US
- Website: www.itselectric.us
- Total disclosed funding: $6.5M
- Latest round: Seed (Jul 16, 2024)
- Investors on record: 11

## About

Established in 2021 and based in New York, US, It's Electric INC operates as an electric vehicle curbside charging company that partners with property owners to install a public charger on their property’s curb. In June 2024, It's Electric Inc raised USD 9.03 million in seed funding co-led by Failup Ventures and Uber Technologies Inc., with participation from Halogen Ventures, Partnership Fund for New York City, Pulse Fund, Newlab, Gratitude Railroad, Tale Venture Partners, Equity Alliance, and Los Angeles Cleantech Incubator (LACI), The Helm and other unspecified investors. It's Electric INC designs and manufactures curbside EV charging systems with a detachable cord that can be installed on the sidewalk outside the building. The company provides installation, management, and maintenance services to all cities it partners with, and enables municipalities to achieve carbon reduction targets using existing power infrastructure. The company also enables property owners who install curbside EV charging stations to earn passive income. The company plans to use the funding to upgrade its prototype from a fully-functional minimum valuable product (MVP) to a verified market-ready product (MRP) for on-street deployments throughout the U.S.

## Funding rounds

- Seed, Jul 16, 2024, $6.5M — Uber Technologies Inc., Partnership Fund for New York City, Gratitude Railroad, Halogen, The Helm, Los Angeles Cleantech Incubator, Tale Venture Partners, Equity Alliance, Newlab, Pulse Fund, Failup Ventures

## Investors

- Uber Technologies Inc. — Seed
- Partnership Fund for New York City (https://capitalatlas.ai/funds/partnership-fund-for-new-york-city) — Seed
- Gratitude Railroad — Seed
- Halogen (https://capitalatlas.ai/funds/halogen) — Seed
- The Helm (https://capitalatlas.ai/funds/the-helm) — Seed
- Los Angeles Cleantech Incubator (https://capitalatlas.ai/funds/los-angeles-cleantech-incubator) — Seed
- Tale Venture Partners (https://capitalatlas.ai/funds/tale-venture-partners) — Seed
- Equity Alliance (https://capitalatlas.ai/funds/equity-alliance) — Seed
- Newlab — Seed
- Pulse Fund (https://capitalatlas.ai/funds/pulse-fund) — Seed
- Failup Ventures (https://capitalatlas.ai/funds/failup-ventures) — Seed