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The funding will help In-Charge Energy meet the growing demands of new customers and partners in automobile fleet electrification
Fremont, CA: In-Charge Energy, a Loss Angles- based energy solutions company, closed Series A round of funding led by Macquarie Capital and ABB Technology Ventures. The funding will help the company satisfy the growing demands of new customers and partners in automobile fleet electrification.
In-Charge provides electric vehicle charging systems to private and public commercial fleets, electric vehicle manufacturers, ride-share operators, commercial facilities owners, and municipalities. The founding duo of In-Charge Energy, Chief Executive Officer Cameron Funk and Chief Operating Officer Terry O’Day is among the most experienced in EV charging infrastructure, with executive experience from NRG Energy, EVgo, innogy eMobility, ABM, and Edison International.
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In-Charge[vendor_logo_first] also offers innovative turnkey energy and EV charging infrastructure as a service to customers of Ryder System, Inc., a company leading in commercial fleet management, supply chain solutions, and dedicated transportations.
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Greg Callman, Senior Managing Director and Global Head, Energy Technology at Macquarie Capital, is expected to join In-Charge Energy's Board of Directors as part of the deal. His Global Energy Technology Team invests in companies and infrastructure across various areas, including disturbed energy, energy storage, and electrification. Previously appointed at Tesla as Global Director of Development and Market Entry for Tesla Energy, Mr. Callman joined Macquarie Capital afterward.
Mr. Callman said, "Making it easy for fleets to save money by transitioning to electric vehicles requires an innovative approach to developing charging infrastructure and fleet management. Macquarie brings capabilities across infrastructure, EVs, energy storage, software, and energy trading to support fleets in this transition, and we are pleased to be working with the team at In-Charge. In-Charge has the experience and ability to ensure fleets have what they need to introduce electric vehicles without unnecessary complexity and to expand their electric fleets as quickly as needed."
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