ChargeNet, a San Francisco, CA-based software platform startup that integrates electric vehicle (EV) fast chargers, energy storage, and solar power with a payment system, raised $6.2 million in seed financing.
The round was led by Aligned Climate Capital, with participation from the San Diego Angels, Tech Coast Angels, and the LACI Impact Fund. As the lead investor, Aligned Climate Capital will join the Board of Directors.
The company intends to use the funds to execute its development pipeline of solar-powered charging stations, hire employees, and fund its growth strategy.
Company: ChargeNet Holdings Corp
Round: Seed Round
Funding Month: January 2022
Lead Investors: Aligned Climate Capital
Additional Investors: San Diego Angels, Tech Coast Angels, and the LACI Impact Fund
Company Website: https://chargenetstations.com/
Software Category: ChargeOpt(TM) hardware-agnostic SaaS platform
About the Company: Led by CEO and co-founder Tosh Dutt, COO Venus Jenkins, and CTO Rebecca Wolkoff, ChargeNet is currently developing fast, solar-powered EV charging stations strategically located in quick-serve restaurant parking lots. The first location will debut at a South San Francisco Taco Bell® later this month. These sites are powered by ChargeNet’s innovative software, which gives customers a way to get a near 100-mile charge in 15 minutes, or less, for about $10. More than 70 additional Taco Bell® restaurants, operated by franchisees Diversified Restaurant Group, are set to add ChargeNet services in the coming months, each with six stations per restaurant parking lot.