ChargerHelp!, a company that provides operations, maintenance, and workforce development services for the electric vehicle (EV) industry, has announced that it has raised $17.5M in Series A financing.
The investment round was led by Blue Bear Capital, with participation from Aligned Climate Capital, Exelon Corporation, and previous investors including Energy Impact Partners and non sibi ventures.
The funding will help ChargerHelp!, the sole national EVSE-dedicated operations and maintenance service provider, further its commitment to reliable EV charging. This includes developing its EMPWR reliability software platform, expanding its Reliability as a Service (RaaS) offering, and growing its workforce development programs.
The need for reliable EV charging stations is vital for the industry’s expansion as EV adoption continues to grow. ChargerHelp! has experienced significant month-over-month revenue growth and increased customer traction due to its efforts to educate and service the market. The company’s differentiated and data-driven approach has made it possible to ensure dependable charger uptime, a critical factor for widespread vehicle electrification.
ChargerHelp!’s app-based dispatch and deployment system provides on-demand repairs and maintenance support from trained local workforces. This capability, provided at scale, is essential to support sharp growth in EV charging infrastructure and improve efficiency, turnaround time, and network availability while reducing costs across the networks. ChargerHelp! takes a technology-first approach to provide its clients with reliable, predictable, and hassle-free EV charging.
With the growth of EV deployment under the National Electric Vehicle Infrastructure (NEVI) Formula Program, many public EV chargers are falling short of the mark set by NEVI’s requirements. Yet ChargerHelp!’s EVSE technician support and data-driven insights have shown they can help their customers meet the required 97% uptime. These solutions have inspired past investors like Elemental Excelerator and current ones to support the company’s mission.
ChargerHelp!’s RaaS offering is a labor subscription service that provides peace of mind to charging station owners and operators who require fast and reliable O&M services at consistent, hassle-free prices. As the only national EVSE-dedicated operations and maintenance service provider, ChargerHelp! is committed to providing reliable, predictable, and hassle-free EV charging.
ChargerHelp! is focused on finding innovative solutions to mitigate the devastating effects of climate change. Its technology is solving the massive software and data problems that electrification faces. With the support of its investors, ChargerHelp! is working to reduce the impact of climate change in the communities it serves, particularly in under-resourced areas that are disproportionately affected by climate change.
