ev.energy secures $33 million in Series B funding for EV grid integration

London-headquartered charging platform provider ev.energy plans to expand its global operations. The focus will be on building its reach in North America and Europe, using $33 million in Series B funding from National Grid Partners. Support is expected from Aviva Ventures, WEX Venture Capital, InMotion Ventures and existing investors Energy Impact Partners, Future Energy Ventures and ArcTern Ventures.

The company currently manages charging for more than 120,000 EVs daily. Partners include National Grid Partners, Volkswagen Group, Maxeon and Siemens. ev.energy says its new funding round will make it possible to reach an additional 400 million energy customers by using their shareholders’ energy retail, fleet, vehicle and insurance networks. 

This year, the company has extended its virtual power plant to include vehicle-to-grid capabilities and has introduced its fleet-management platform, Pando, and its solar home-charging function, ev.energy SOLAR.

“In the next few years,” said ev.energy CEO Nick Woolley, “total EV demand in most developed countries will surpass the energy output of even the largest power plants. By being able to shape and control EV load, ev.energy can both benefit the grid and help drivers to charge using the greenest and cheapest energy.”

Source: ev.energy

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