SemaConnect, a provider of charging infrastructure solutions, has received a substantial minority investment from private equity firm Trilantic North America. Founder and CEO Mahi Reddy and COO Mark Pastrone each continue to own “meaningful equity stakes” in the business, and will lead the company through its next phase of growth.
SemaConnect has sold over 10,000 smart charging stations in the US to date. It supplies both charging hardware and cloud-based software that ties its stations into a network. “Our integrated system enables site hosts to demonstrate their commitment to sustainability and leverage increasing EV adoption by adding a modern amenity for their tenants, employees, and guests,” said Reddy. “SemaConnect not only manages their stations, but also uses smart engineering and software controls to maximize performance.”
EV industry veteran Tony Posawatz has joined Trilantic as a Senior Advisor, and will be working closely with the SemaConnect team to support its growth. “SemaConnect [is] an emerging leader in the electric vehicle space, whose high-quality, innovative charging solutions not only provide customers with exceptional service but are rapidly growing in concert with the plug-in market,” said Posawatz.
“Our partnership with Trilantic North America and Tony Posawatz will enable us to further scale our platform, bolster our industry relationships, and serve the growing population of electric vehicle drivers,” said Mark Pastrone. “They quickly understood our vision and the potential for SemaConnect and bring an exceptional track record of working alongside entrepreneurs to drive growth.”
“SemaConnect exemplifies the kind of founder-led businesses we are passionate about partnering with,” said Glenn Jacobson, Partner at Trilantic North America.