Recent Deals – 8 August 2023

ev.energy (2018) looks at B2C and B2B2C EV driver-focused smart charging that allows drivers to charge at a time of low energy cost and high renewables generation. Its AI-powered software platform works to optimise EV charging. The overarching goal is to develop a relationship and trust between EV drivers and utilities to eventually build out more programs and turn EVs into flexible load. The key to achieve this is to encourage customers to participate and facilitate the ease of engagement.

ev.energy recently secured $33M in funding for its Series B round, led by National Grid Partners (NGP) with support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, alongside participation from existing investors including Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures.

The fresh capital will back its expansion plans across North America and Europe. The aim is to leverage its investors’ energy retail, vehicle, fleet, and insurance networks, to provide an additional 400 million customers a pathway to connect drivers and vehicles to ev.energy chargers. This includes scaling access to its Virtual Power Plant (VPP) and enables Vehicle-to-Grid (V2G) services.

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• Source: https://www.cleantech.com/recent-deals-8-august-2023/