itselectric, a New York-based electric vehicle curbside charging company, raised $2.2M in Pre-Seed funding.
The round was led by Brooklyn Bridge Ventures with participation from The Helm, XFactor, Graham & Walker, Clean Energy Venture Group, and Pericles.
The company intends to use the funds to move the current prototype from a fully-functioning minimum valuable product (MVP) to a certified market ready product (MRP) for on-street deployments across the U.S.
Led by CEO Nathan King and COO Tiya Gordon, itselectric aims to provide urban networks of Level 2 curbside charging posts at no cost to cities or to property owners. The company partners with cities across the U.S. to install, operate and maintain chargers at no cost to the city or to the host property owner – all while allowing property owners to earn passive income every month. With this business model, itselectric helps cities meet their carbon reduction targets and reduce capital expenditure by completely avoiding the infrastructure upgrades normally needed to support on-street charging.
FinSMEs
07/03/2023
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