U.S. markets close in 4 hours 4 minutes
  • S&P 500

    +83.28 (+2.02%)
  • Dow 30

    +523.46 (+1.60%)
  • Nasdaq

    +334.64 (+2.68%)
  • Russell 2000

    +47.50 (+2.48%)
  • Crude Oil

    -0.17 (-0.19%)
  • Gold

    +1.70 (+0.09%)
  • Silver

    +0.24 (+1.16%)

    +0.0119 (+1.17%)
  • 10-Yr Bond

    -0.0320 (-1.14%)

    +0.0172 (+1.42%)

    -2.6210 (-1.94%)

    +886.99 (+3.84%)
  • CMC Crypto 200

    +33.56 (+6.32%)
  • FTSE 100

    +18.96 (+0.25%)
  • Nikkei 225

    -180.63 (-0.65%)

EV Connect Closes Initial Round of Funding for Sales and Cloud-Based Technology Development

LOS ANGELES, CA--(Marketwired - Apr 25, 2013) - EV Connect, the leading full-service provider, manager, and integrator of electric vehicle (EV) charge stations for commercial and government locations, today announced closure of its initial round of financing. Funding came from 37 Technology Ventures, Jackrel Ventures, Tech Coast Angels, Maverick Angels, Keiretsu Forum, and other key individual investors that recognize EV Connect for its huge growth potential, well-established market position, strong customer demand, and unique combination of partners, technology, and operating and support programs.

Progressive companies, government and transit agencies, property owners, and leading hotel brands, select EV Connect to help define, install, operate, and maintain their network of electric vehicle charge stations. With this funding, EV Connect will expand its sales, marketing, and software development to capitalize on increasing customer demand. EV Connect will also build out its already-successful partnership program and fast-track strategic alliances with charge station manufacturers and network system providers.

"From 2011 to 2012, plug-in vehicle sales grew nearly 200 percent. I'm impressed with EV Connect's market opportunity," said Yuri Pikover, Tech Coast Angels. "EV Connect doesn't make car charging hardware, rather, it focuses on its differentiated and defensible charge station deployment, management services, and proprietary cloud-based software platform. This unique combination of services allows EV Connect to offer customers their own branded or centrally-managed charge station network at all of their parking lots."

"Our goal is to make EV infrastructure more accessible than ever for all companies and organizations," said Jordan Ramer, CEO, EV Connect. "We believe in the future, all parking spaces will offer EV charging -- and EV Connect will be there to integrate, operate and maintain them, as well as customize their customer-facing features."

About EV Connect, Inc.
Businesses and governmental organizations turn to EV Connect for a simple and cost-effective way to provide turn-key, customer-owned EV charging programs for their electric-vehicle-driving employees and constituents. EV Connect offers program design, hardware, deployment, network management, driver support, maintenance, and a software platform to allow for advanced customer-specific features. Collectively, EV Connect's team has over thirty-five years of EV charging experience and has deployed and managed thousands of charge stations. For more information visit www.EVConnect.com.