Jennifer Kwan Mandelbaum’s Post

This funding announcement is great news for increasing public, curbside #EVcharging accessibility for #multifamilyhousing residents in cities like Los Angeles. Greater availability of reliable curbside charging more broadly will hopefully also help more ride-hail drivers make the move to EVs by 2030, complying with a requirement in states like California and New York. With housing nationwide remaining stubbornly expensive and single-family housing out of reach for many, the number of residents in multifamily housing (apartments, condominiums, cooperatives, and townhomes) is likely growing. That means a significant transition to #EVs requires convenient charging for dwellers in these types of homes. #transportationequity

🎉 itselectric, a Brooklyn-based electric vehicle curbside charging company, today announced its $6.5M seed round. The raise was led by Failup Ventures and Uber. With participation from Halogen Ventures, Partnership for New York City, Pulse Fund, Newlab, Gratitude Railroad, Tale Venture Partners, The Equity Alliance, Los Angeles Cleantech Incubator (LACI) Impact Fund, and The Helm and will support deployments across seven cities in the United States in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco. With fresh funding, itselectric’s curbside charging infrastructure will also help support Uber’s goal of helping rideshare drivers go electric. 🌎 2023 was the hottest year on record with transportation being the third largest contributor of U.S. greenhouse gas emissions. But transportation is also a sector where the choice to drive electric will create a collective difference. Our mission is to make charging easy, convenient, and affordable not only for drivers, but for cities,  providing the pathway for everyone to go electric. “itselectric has designed an innovative public charging solution that addresses the infrastructural barriers that cities face in the deployment of electric vehicle curbside charging,” said Topias Soininen, general partner at Failup Ventures. “Their thoughtfully designed chargers are a highly scalable solution that will rapidly bring curbside charging to the millions of city drivers who park on the street and contribute to the nationwide adoption of electric vehicles.” "We are thrilled to invest in itselectric as part of our push for an all-electric future,” said Camiel Irving, GM of Uber US & Canada. "Electric rideshare drivers cut emissions up to four times more than regular motorists, but many lack off-street parking and home charging options. itselectric is innovating to address this and expand overnight curbside charging, helping more drivers confidently go electric, ease range anxiety, and boost earnings potential."      “itselectric is revolutionizing urban infrastructure,” said Jesse Draper founding partner, Halogen Ventures. “Their mission to bring highly accessible curbside charging combined with economic benefits to urban communities, offers an innovative solution for a problem we need to urgently solve. We’re incredibly excited about itselectric as they expand across cities to make sustainable transportation a reality across the nation” Read the full story in Fortune https://lnkd.in/e7DuKYNf

Green Frontier Capital Leads $3 Million Pre-Series A Round for ElectricPe, India’s Leading EV Super-App Green Frontier Capital, a leading early-stage venture capital fund with operations in both India and the U.S., has spearheaded a $3 million pre-Series A funding round for ElectricPe, India’s premier EV super-app. The funding round also saw participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures. The new investment will be strategically utilized to bolster ElectricPe’s growth and innovation efforts, reinforcing its position as a comprehensive solution for electric vehicle (EV) users and facilitating its expansion into new geographic areas. ElectricPe’s full-stack Super App provides users with the ability to locate, access, and pay for EV charging points […] - https://lnkd.in/dvqJXUsc #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #electricpe #ev #evchargingstation #greenfrontiercapital #india #usa

Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X: B2B delivery and shared mobility startup Zypp Electric raised $14 million shortly after the end of FY24, driven by consistent growth fueled by the rise of quick commerce and food delivery. The Gurugram-based firm reported a 2.6X increase in scale, with total revenue surpassing Rs 300 crore during the fiscal year ending March 2024. Zypp … Continue reading "Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X" The post Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X appeared first on Entrackr. #startupnews #startups

Itselectric Gets $6.5M Boost for #EVCharging Brooklyn-based #startup itselectric is revolutionizing EV charging with its innovative on-street chargers. By utilizing electricity from nearby buildings instead of the municipal grid, Itselectric accelerates charger installation and minimizes permitting hurdles. Building owners benefit from shared revenue, fostering a collaborative approach to EV infrastructure. This week, Itselectric secured $6.5 million in funding led by Uber and Failup Ventures, propelling the company's mission to scale its unique charging system. This investment brings their total funding to $11.8 million, highlighting the growing recognition of their impactful solution. Read the Forbes story I wrote about Tiya Gordon, one of Itselectric cofounders, in January. Breaking Barriers: A Startup Changes The Game For EV Charging In Cities via https://lnkd.in/eY47VAiq #EVcharging #electricvehicles #sustainabletransportation #cleanenergy #renewableenergy #smartcities #climatetech

Prosper Ventures Advises International Electric Vehicle Firm on Series A Funding for Global Expansion Prosper Ventures has been appointed as an advisor to a fast-growing electric vehicle (EV) company, which is making significant strides in expanding production and entering new markets. Known for developing one of the smallest 4-wheel EVs designed to offer a car-like experience, this EV firm focuses on a modular platform adaptable for both cargo and passenger use, targeting B2B and B2C markets worldwide. With demand exceeding current production capacity, the company’s sales have gained strong traction, underscoring the need for expanded production capabilities. India plays a central role in the company’s growth strategy, serving as a strategic hub for supply chain development, manufacturing, and as a gateway to the broader Asian market. The company is making rapid strides in its India-centered expansion strategy, starting with the establishment of operations in the Chennai area. Supported by Indian lead investors, this new team will play a critical role in scaling production and positioning India as a central hub for ultra-light, 100kg EV manufacturing on a global scale. In addition, a localized supply chain is under development, incorporating European expertise to create a robust network of component suppliers specifically tailored to support the production of super-light EVs in the region. Plans are also underway for a new manufacturing facility in India, which will supply lightweight EVs not only to Europe but also to other international markets, addressing the surging demand. The company’s R&D capabilities are set to expand in India, working in tandem with the European team to advance both vehicle and IT platform innovations. This includes a focus on solar-powered EV technology, rental-based solutions, and fleet management systems designed for seamless integration and operational efficiency. As part of its commitment to sustainable transport solutions, the company is also preparing to launch its first solar-powered EV, with a daily range of up to 50km on integrated solar panels, setting a new standard in energy-efficient urban mobility. Looking forward, India will serve as a key distribution hub for broader Asian markets, where demand for compact, ultra-light EVs continues to grow. With strong interest and preliminary agreements in place, the company sees substantial growth potential in multiple Asian regions through this strategically positioned Indian production base.   Prosper Ventures’ Role Prosper Ventures will address capital-raising efforts, focusing on attracting the growth capital needed to support the company’s expansion and market penetration. Through its expertise in investment strategy and growth capital, Prosper Ventures aims to help the company solidify its position as a leader in the lightweight EV market while meeting increasing global demand.   For more information, please contact: [email protected]

🚨 🚗⚡ Charging Ahead in EV Tech! ⚡🚗🚨 AmpUp, a Santa Clara-based provider of electric vehicle (EV) charging platforms, just raised $15M in Series A funding! 💰 The round was led by Touchdown Ventures, with participation from Autotech Ventures, MUUS Climate Partners, Holman, The Goodyear Tire & Rubber Company, Foothill Ventures, Wex Ventures LLC Capital, TechNexus Venture Collaborative, Powerhouse Ventures, and Connecticut Innovations. 🚀 With this funding, AmpUp plans to: • Accelerate market expansion across North America 🌍 • Drive innovation in energy management solutions for EV charging 🔋 Led by CEO Tom Sun, AmpUp simplifies EV charging with smart technology that balances energy usage, helping build a cleaner, smarter grid. 🌱 Their network of thousands of charging stations serves top customers like JLL, CBRE, Domino's Pizza, Goodyear, Under Armour, Hilton, and more. 🏢⚡ New Board Members: • Greg Bergamesco, Managing Director, Touchdown Ventures • Ivy Nguyen, Principal, Autotech Ventures • David Jackson, COO, AmpUp AmpUp is revolutionizing EV infrastructure—stay tuned as they charge toward a sustainable future! 🚀🔌 📢 Stay tuned to Future Techly for the latest updates on this groundbreaking initiative and the latest in tech and business! 💥 Source: FinSMEs #EVCharging #AmpUp #SeriesAFunding #CleanEnergy #SustainableTech #ElectricVehicles #TechInnovation #SmartGrid #FutureOfMobility #GreenTech #TechNews #FutureTechly

🚀 Diving into the World of Angel Investing with #ZyppElectric 🚀 Embarking on my angel investing journey has been an exhilarating experience filled with valuable lessons, challenges, and rewarding moments. My first and proudest investments has been in #ZyppElectric, a company at the forefront of transforming urban mobility. 🌍⚡ Here's why I chose #ZyppElectric: 🌿 Eco-Friendly Solutions: #ZyppElectric is committed to reducing carbon emissions with their eco-friendly electric scooters and bikes, aligning with the growing demand for greener transportation options. 💰 Cost-Effective Operations: Their electric vehicles significantly cut fuel and maintenance costs. #ZyppElectric’s affordable pricing models make the switch to electric mobility easier for both individuals and businesses. 📦 Efficient Last-Mile Delivery: With the surge in e-commerce and online deliveries, #ZyppElectric offers a highly efficient solution for last-mile delivery. Their flexible and scalable business model supports rapid expansion across urban areas, meeting the demand for quick and sustainable delivery options. Key Takeaways from My Journey as an Angel Investor:   💹 Understand the Market: Investing in sectors you understand or are willing to learn about is crucial. Market knowledge helps in assessing the potential and future scalability of a business.   🤵 Founding Team: The strength and passion of the founding team often matter more than the initial idea. A great team can pivot and adapt, turning even a mediocre idea into a successful venture.   🧘♂️ Patience is Key: Angel investments are long-term commitments. It often takes years for startups to provide significant returns, requiring patience and a long-term perspective. Angel investing is a dynamic and rewarding journey that goes beyond financial gains. It’s about investing in forward-thinking ideas, supporting innovation, and being part of a transformative process. 🌟✨ #AngelInvesting #ZyppElectric #UrbanMobility #EcoFriendly #Innovation #Sustainability #InvestmentJourney #Akashgupta #Rashiagarwal #venturecatalyst

Here’s your weekly EV charging news recap👇 - Volkswagen Group and Rivian announce $5B joint venture - Be.EV announces £55M investment from NatWest Commercial and Institutional and KfW IPEX-Bank - Catalyst Power Holdings LLC announces launch of no-cost EV charging installations for businesses in Massachusetts - Lucid Motors announces agreement with Gravity regarding the use of the "Lucid Gravity" trademark - Goodwill Industries International announces $750,000 grant from General Motors to fund new EV charging training across the US - Chargely announces the launch of a newly designed travel app - Rivian announces future V2H bidirectional charger at Investor Day - Flash appoints Christopher Donus as President - Chris Rubio joins CBRE as the Senior Director of Business Development for EV infrastructure - Arcadis announces the completion of bp's latest high-speed EV charging site at the company's North America headquarters in Houston, Texas - According to Technavio, the global vehicle-to-grid market size is estimated to grow by $68.66B from 2024-2028 - Chargeway announces launch of Chargeway Plus connected EV features to all of North America - Los Angeles Cleantech Incubator (LACI) welcomes portfolio companies, including Moon Five Technologies Inc. - AMPECO and Hubject announce global strategic partnership to deliver Plug&Charge and roaming services to EV charging providers  - EverCharge unveils new EV chargers near Oracle Park in San Francisco - Joint Office of Energy and Transportation announces opening of first EV charging station in Utah funded by the NEVI Program - Hallcon Corporation announces the opening new EV Operations Center in Fremont, California - Pod Point signs preferred supplier deal with AXA UK Commercial - Blackhorn Ventures announces final close of the $150M Industrial Impact Fund II - WeaveGrid and Dominion Energy announce launch of EV Telematics program - Maine Governor's Energy Office announces expansion of new high-speed EV Chargers in 17 locations across the state - Dodona Analytics announces closing Series A funding led by Flashpoint Venture Capital with participation from WaVe-X - Monta announces partnership with EVenergia to increase accessibility of charging networks in France and Spain Electra voted #1 EV charging network in Europe by Chargemap users —----------- 📥 Want the latest EV charging business and policy developments? Subscribe to EVPower Pulse in my profile.

Friday is here and so is your brief 🔥 MOVING FREIGHT CARS WITHOUT A LOCOMOTIVE 🚂 St. Louis-based rail technology company Intramotev has raised $14.4 million in a Series A funding round led by Flybridge Capital Partners and Alpaca VC, with participation from Advantage Capital, Aera VC, and others. Intramotev's self-propelled battery-electric railcar retrofits, including its TugVolt and ReVolt technologies, aim to enhance rail capacity while reducing fuel costs and carbon emissions. The funding will support the company’s global expansion and continued deployment of its innovative self-propelled rail solutions. 👉https://bit.ly/3yusmNm MAKING TRUCKING FLEETS OPERATE MORE SUSTAINABLY 🚚 Sustainable transportation startup Clearly has raised $4.3 million in Seed funding, led by Pace Ventures and Nine Realms, with participation from Mobilion, Next Gear, and other investors. Founded in 2021, Clearly provides an AI-driven climate intelligence platform that helps transport fleet operators reduce emissions and optimize performance by analyzing vehicle data and nudging driver behavior. The funding will be used to scale the platform, which is already tracking over 100 million trips and helping clients like Webfleet meet their emission reduction targets. 👉https://tcrn.ch/3YO477o FAST GROWTH FOR FAST CHARGING ⚡ London-based battery technology startup Gaussion has raised €10.9 million in a Series A funding round led by Autotech Ventures, with participation from existing investors BGF and UCL Technology Fund. A University College London (UCL) spinoff, Gaussion has developed a magnetic field-enhanced solution that dramatically improves EV battery performance by enabling faster charging while reducing cell degradation. The new capital will accelerate Gaussion’s market entry, allowing it to scale production, sell its products, and explore licensing opportunities in various sectors, including transportation electrification and energy storage. 👉https://bit.ly/4fKLtmW HIGHER EFFICIENCY FOR CARBON CAPTURE 💨 Nottingham-based Promethean Particles has raised £8 million in a Series A funding round led by Mercia Ventures and Aramco Ventures, with participation from the Midlands Engine Investment Fund and others. The company manufactures metal-organic frameworks (MOFs), a class of materials with a high surface area and customizable pore sizes that are highly effective for carbon capture and other applications. The funding will enable Promethean to scale up its proprietary continuous-flow reactor technology, expanding its manufacturing capacity and accelerating the development of MOFs for energy transition solutions. 👉https://bit.ly/3ACcE35