Tech Company Financing Transactions
itselectric Funding Round
Failup Ventures, Uber and Equity Alliance participated in a $6.5 million Seed venture round for itselectric. The round was announced on 7/16/2024.
Transaction Overview
Company Name
Announced On
7/16/2024
Transaction Type
Venture Equity
Amount
$6,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds for deployments across seven cities in the United States in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
Undisclosed
Brooklyn, NY 10001
USA
Brooklyn, NY 10001
USA
Phone
Undisclosed
Website
Email Address
Overview
Cities have established net zero goals, which will largely be achieved by electrifying transportation. Many automakers will offer only electric models by 2025 and states such as California and New York are planning to phase out newly manufactured, gas-powered vehicles by as early as 2035. Despite this all-electric future, EV charging is not easy for drivers who park on the street. Our mission is to bring curbside EV charging to cities across the U.S. and advance the adoption of electric vehicles.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Nathan King
Chief Operating Officer
Tiya Gordon
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Our team works diligently to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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