NEW YORK–(BUSINESS WIRE)–Energy Impact Partners (EIP), a worldwide funding platform main the transition to a sustainable power future, introduced at this time its participation within the newest Sequence C financing spherical for AddEnergie Applied sciences Inc. (FLO | AddEnergie), a number one North American charging community operator for electrical autos and a significant supplier of good charging software program and gear. This brings the overall of the Sequence C spherical to CAD$53 million.
Based in Quebec in 2009, FLO | AddEnergie is a frontrunner in good charging options for electrical autos in Canada and is rising on the worldwide scene. The corporate has established its market management by way of initiatives, amongst others, with Canadian utility, and EIP restricted associate, Fortis, Inc. The raised capital will permit FLO | AddEnergie to associate with utilities to broaden FLO®, its North American electrical car (EV) charging community within the U.S. and Canadian markets. The corporate deployed over 13,000 charging stations in 2020, increasing to cities like Los Angeles, Cincinnati and Toronto.
“Our funding in FLO | AddEnergie will assist the growth of EV charging networks throughout North America, and will likely be a catalyst for the accelerated adoption of EV’s in each the US and Canada,” stated Cassie Bowe, principal at Vitality Impression Companions. “We’re happy to associate with the corporate as they’re accelerating their progress within the US and dealing with utilities to make EV use attainable for thousands and thousands of drivers in North America.”
With this newest funding, EIP has expanded its whole investments within the EV transportation and mobility market to 5 progressive corporations, together with Volta, Greenlots, Viriciti, and Remix. The funding is reflective of EIP’s pursuit of partnering with corporations on the intersection of electrification and mobility.
“We welcome EIP as an investor in FLO | AddEnergie,” stated Louis Tremblay, President and CEO at FLO | AddEnergie. “Our FLO community, which depends on innovative quick charging know-how and good power administration options, won’t solely essentially rework the way in which the general public thinks about transportation, but in addition put together utilities for the complicated challenges related to expanded EV use. With, EIP’s assist, FLO | AddEnergie will make accelerated EV adoption within the U.S. a actuality.”
For extra data on EIP, please go to www.energyimpactpartners.com.
About FLO | AddEnergie
AddEnergie is a number one North American charging community operator for electrical autos and a significant supplier of good charging software program and gear. Each month, AddEnergie charging stations and its FLO community allow roughly half one million charging occasions and the switch of 5.5 GWh in electrical energy, because of over 35,000 high-quality stations deployed on public networks, industrial and residential installations. AddEnergie’s headquarters and community operations middle are based mostly in Quebec Metropolis, and its meeting plant is situated in Shawinigan (Quebec). The corporate additionally has an workplace in Montreal and regional groups situated in Ontario, British Columbia, California, New York and Florida. For extra data go to flo.com.
About Vitality Impression Companions
Vitality Impression Companions (EIP) is a worldwide funding platform main the transition to a sustainable power future. EIP brings collectively entrepreneurs and the world’s most forward-looking power and industrial corporations to advance innovation. With over $1.5 billion in belongings below administration, EIP invests globally throughout enterprise, progress, credit score and infrastructure – and has a staff of greater than 45 professionals based mostly in its places of work in New York, San Francisco, Palm Seashore, London, Cologne and shortly Oslo. For extra data on EIP, please go to www.energyimpactpartners.com.