Coulomb Technologies receives $47.5 million in Series D financing

Coulomb-Technologies

Coulomb Technologies receives $47.5 million in Series D financing

Greentech Lead America: Coulomb Technologies, an electric
vehicle charging solutions provider, has secured $47.5 million of financing.

The financing will enable Coulomb to expand its
operations and grow the ChargePoint Network, and expand the deployment of its
cloud-based charging solutions for electric vehicles.

The financing round was led by Braemar Energy Ventures
and Kleiner Perkins Caufield & Byers. Toyota Tsusho Corporation and
existing investor Rho Ventures also joined the financing round. Existing
investors including Voyager Capital, Siemens Venture Capital, Harbor Pacific
Capital Partners and Hartford Ventures also participated.

Scott DePasquale from Braemar and Michael Linse from
Kleiner Perkins have joined Coulomb’s Board of Directors.

“With this financing, we are well positioned to
accelerate the deployment of our EV charging solutions and further solidify our
position as the market leader. These funds enable us to provide cloud-based
solutions to cities, retailers, employers, parking operators and property
managers that will drive the adoption of clean transportation,” said Pat
Romano, president and chief executive officer of Coulomb Technologies.  

Coulomb has seen significant market adoption of its
networked hardware and cloud-based service plans. EV drivers utilize the ChargePoint
Network thousands of times a day to service their EV charging needs.
Coulomb works closely with automobile manufacturers including Nissan, BMW,
Ford, GM, and Fisker Automotive enabling their customers to easily find,
reserve and pay for EV charging services.

The ChargePoint Network provides the most feature-rich
solution for station owners and EV drivers alike, with innovations in software
services from mobile applications to vehicle telematics. Coulomb’s charging
solutions provide station owners the tools they need to help better manage
their charging services, including the ability to track station utilization and
energy costs, set pricing, process payments and provide driver support.

Fuji Electric in pact with Coulomb to integrate ChargePoint
Network

Recently, Fuji Electric of America tied with Coulomb Technologies
to integrate Coulomb’s ChargePoint Network into its DC Quick charging stations.
Fuji Electric’s 25kW chargers will become an important addition, offering full
charge to electric vehicles in around 60 minutes.

editor@greentechlead.com