# Presto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/presto-2

- Industry: Software
- Headquarters: Oakland, US
- Website: www.prestocharging.com
- Total disclosed funding: $15M
- Latest round: Seed (Oct 16, 2024)
- Investors on record: 4

## About

Established in 2023 and based in Oakland, US, ChargePass, Inc., trading under the name, Presto, operates as a logistics and energy storage platform that provides a navigation app to locate nearest and available EV charging stations. In February 2025, ChargePass, Inc. raised USD 15 million in seed funding from investors Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream. The firm as of January 2025, is led by its co-founders, Ashwin Dias (CEO) and J.J. Raynor (CFO).

Presto provides a comprehensive suite of products designed to facilitate electric vehicle (EV) charging solutions for fleets and businesses of all sizes. The core offering includes the Presto mobile app, which enables users to locate, initiate, and pay for charging at various stations seamlessly across partnered networks. This app also features a machine learning-driven recommendation engine that suggests optimal charging locations based on factors such as proximity, availability, and reliability. The company serves a diverse clientele, including fleet operators, mobility platforms, and rental car companies, with a primary focus on the U.S. market. By integrating customizable charging solutions and branding opportunities into their offerings, Presto enhances the user experience for drivers while improving the overall efficiency of fleet operations.

Presto generates revenue through a model that encompasses partnerships with charging networks and asset owners, allowing them to provide versatile charging solutions tailored to fleet operators.

The company plans to utilize the February 2025 funding to expand its fleet onboarding, integrate additional chargers, and enhance its machine-learning technology to improve real-time charger availability and make electric vehicle charging more accessible.

## Funding rounds

- Seed, Oct 16, 2024, $15M — Union Square Ventures, Powerhouse Ventures, Congruent Ventures, Jetstream

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Seed
- Powerhouse Ventures — Seed
- Congruent Ventures (https://capitalatlas.ai/funds/congruent-ventures) — Seed
- Jetstream (https://capitalatlas.ai/funds/jetstream) — Seed