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Energy Tech Seed Founded 2021

itselectric

itselectric is a provider of curbside electric vehicle charging solutions specifically built for cities, partnering with property owners to install and maintain low-profile Level 2 EV chargers on curbs at no cost to the property owner. The company model unlocks access to untapped electricity supply from partner properties spare electrical capacity, with property owners earning passive income from hosting chargers.…

📍 Brooklyn, United States · Electric Vehicles,

Funding snapshot

Last roundSeed
Amount$11M
Date29 July 2024
Total raised$11M
Team size19

About

itselectric is a provider of curbside electric vehicle charging solutions specifically built for cities, partnering with property owners to install and maintain low-profile Level 2 EV chargers on curbs at no cost to the property owner. The company model unlocks access to untapped electricity supply from partner properties spare electrical capacity, with property owners earning passive income from hosting chargers. The charger design eliminates screens, touchpads, credit card interfaces, and permanently attached cables, creating a sleek neighborhood-friendly aesthetic. Drivers receive a portable, lightweight cable upon signup, enabling them to park, plug, and charge at any charger in the network. itselectric handles the full process from property partnership through permitting, installation, and ongoing maintenance, analyzing each property curb and electrical panel for eligibility and securing all relevant permits. The company is expanding across U.S. cities including Brooklyn, Philadelphia, Boston, Detroit, Los Angeles, San Francisco, Jersey City, Alexandria, Yonkers, and Newburgh, addressing the challenge of approximately 40 million drivers who cannot transition to electric vehicles without affordable and convenient charging infrastructure. Founded in 2021 and headquartered in Brooklyn, United States, itselectric has raised approximately 1.5 million at the Seed stage with investors including Uber Technology, Halogen Ventures, Tale VP; Brooklyn Bridge Ventures; Clean Energy Venture Group; XFactor Ventures; Partnership for New York City; The Helm; and URBAN-X.

Business model

Electric Vehicles > Charging Solutions > Plug in Charging,

Energy Storage Tech > Charging > Station Network > Charging > Operators > Electric Vehicle

Institutional investors

URBAN-X Failup Ventures Uber Technology Halogen Ventures Newlab Gratitude Railroad Tale VP Equity Alliance Los Angeles Cleantech Incubator The Helm Partnership for New York City Gener8tor Brooklyn Bridge Ventures Graham & Walker Clean Energy Venture Group

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