Voltpost raises $3.6M seed round for lamppost EV chargers


Share post:

For many American car owners, on-street parking is their only option. When it comes time to buy an electric vehicle, “where do I charge?” will undoubtedly be one of the first questions they ask.

Fast charging is an option, one that most closely mimics the way people fill up at gas stations. But fast chargers are expensive pretty much any way you look at them. They’re costly to manufacture, install and maintain. Because of that, and because such surges in demand can strain the grid, prices for fast charging are significantly higher than slower methods. Plus, even the fastest still takes longer than filling up a gas tank.

Fortunately, cities have an easy way to retrofit their infrastructure to accommodate EVs: the lampposts that support street lights. Every street has them, and thanks to new energy-efficient LEDs, some even have electric capacity to spare.

Cities around the world have begun to experiment with lamppost charging. London already has about 7,000 run by Ubitricity, a German startup that was bought by Shell two years ago. Drivers bring their own plugs and jack into the outlet at the base of the post. Flo, a Quebec startup, is trialing several dozen with integrated plugs in Los Angeles.

Now, Voltpost, a New York City-based startup, is throwing its hat into the ring. The company closed a $3.6 million seed round led by RWE Energy Transition Investments with participation from Twynam Funds Management, Exelon Foundation, Good News Ventures and Climate Capital, TechCrunch+ has exclusively learned.

Voltpost is hoping that it has a few things that’ll give it an edge in a busy but not yet crowded market. The team did “a tremendous amount of customer discovery interviews,” co-founder and CEO Jeff Prosserman told TechCrunch+, talking with the mayor’s office in New York City, the electric utility ConEd, and the city’s Department of Transportation.

Source link


Please enter your comment!
Please enter your name here

Related articles

Tesla Autopilot arbitration win could set legal benchmark in auto industry

In a victory for Tesla, a California federal judge ruled over the weekend that a group of...

Max Q: Mining moon water

Hello and welcome back to Max Q! In this issue: Mining water on the moon with Starpath Robotics News from...

Republicans still don’t know how to talk to young voters online

In an appeal to younger voters, Republican presidential candidate Vivek Ramaswamy — who proposed raising the voting...

Ousted Flexport CEO Dave Clark strikes back

Dave Clark, the former Amazon executive who was ousted as CEO of Flexport just a year into...