# Veloce Energy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/veloce-energy

- Industry: Energy Storage & Batteries
- Headquarters: Los Angeles, US
- Website: www.veloceenergy.com
- Total disclosed funding: $13M
- Latest round: Series A (Mar 23, 2023)
- Investors on record: 2

## About

Based in California, US, and founded in 2020, Veloce Energy, Inc. operates as a software infrastructure firm. The company was founded by its CEO, Jeff Wolfe, COO, Mark Yates, CCO, Randy Palombi, and CTO, Mike Schenck. In March 2023, Veloce Energy, Inc. raised USD 12.5 million in series A funding co-led by new investors Ecliptic Capital and ITOCHU Corporation.

Veloce Energy provides EV charging stations and EV chargers (7 kW to 175 kW). The company’s product line includes VPort, which is a battery energy storage system; Fast Connect, which is an installation system designed to provide charging stations; FastGrid, which is software that is designed to streamline the operation of electric vehicle (EV) charging stations; and Argos, which is software that manages the charging process of EVs.

The company plans to use the funds raised in March 2023 to support its commercialization and expansion.

## Funding rounds

- Series A, Mar 23, 2023, $13M — Itochu, Ecliptic Capital

## Investors

- Itochu — Series A
- Ecliptic Capital (https://capitalatlas.ai/funds/ecliptic-capital) — Series A