Evenergi Closes $10 Million in Series A

by Kay Aloha Villamor in November 23rd, 2023

Evenergi, a Sydney, Australia-based electric fleet managing software company, announced the first close of its $10 million Series A funding.

SaaS Investors

The round was led by Aligned Climate Capital LLC.

Aligned Climate Capital LLC is an asset manager investing exclusively in the people, companies, and real assets that are decarbonizing the global economy. Founded in 2019, Aligned is a dynamic and mission-driven firm that believes solving climate change is a unique opportunity to generate strong financial returns while achieving meaningful environmental and social impact. The team works at the intersection of finance, technology, and public policy with a particular focus on ESG metrics.

Evenergi Use of Funds

The company will use the funds to drive the expansion of the company's BetterFleet software platform. The investment will support the growth of EVenergi’s North American presence through team expansion, research and development, marketing, and go-to-market expansion.

About Evenergi

Founded in 2016 by Daniel Hilson and Nick ButlinEVenergi streamlines the transition to zero-emission vehicles with intelligent software solutions, enabling organizations to plan and manage fleets with a simplified, data-driven approach. EVenergi has developed and markets the BetterFleet platform in the United States, Europe, and Asia Pacific. BetterFleet is designed to provide fleet operators with a single platform to plan, manage, and accelerate the transition to zero-emission vehicles while reducing costs and risks. Their vision is to accelerate the transition to zero-emission fleets by making them more efficient from a financial, operational, and environmental perspective. The company has expanded to serve over 200 complex fleets across North America, Europe, Singapore, and Australia.

Funding Details

Company: Evenergi Pty Ltd

Raised: $10.0M

Round: Series A

Funding Month: November 2023

Lead Investors: Aligned Climate Capital LLC

Additional Investors:

Company Website: https://www.evenergi.com/

Software Category: Electric Fleet Managing Software 

Source: https://www.betterfleet.com/evenergi-announces-first-close-of-10m-series-a-led-by-aligned-climate-capital-enabling-expansion-of-the-betterfleet-platform/

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