EverCharge, a California company that offers an intelligent EV charging solution for multi-unit dwellings, has received a seed investment of $1.4 million led by the venture fund Bolt.
The company will use the new funds to continue its national expansion, and to further develop its SmartPower technology platform.
SmartPower uses real-time charging management to allow more EVs to be charged using a building’s existing supply of power, enabling multi-unit dwellings to offer EV charging facilities without costly infrastructure upgrades.
“Every day we hear from more car owners and property managers who need an easy way to get power to parking spots in an economical way,” said EverCharge founder and CEO Jason Appelbaum. “And it’s clear this problem will only get bigger as the demand for EVs grows.”