This company deploys low-profile, Level 2 EV charging infrastructure directly onto city curbsides by partnering with property owners. They manage the installation and maintenance, utilizing existing electrical supply at no cost to the property owner. Drivers access the network using a portable cable provided upon membership signup, facilitating convenient urban electric vehicle charging.
Funding
$11.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
Many urban residents lack access to convenient and affordable electric vehicle (EV) charging due to the high cost and logistical challenges of installing traditional charging infrastructure in dense city environments. This lack of accessible charging options hinders the widespread adoption of EVs, particularly for the 40 million drivers who cannot transition without adequate infrastructure.
Solution
itselectric provides curbside EV charging solutions designed specifically for urban environments by partnering with property owners to utilize existing building electricity supplies. This approach unlocks access to untapped electricity, creating a distributed charging network without requiring extensive grid upgrades or disruptive street work. By leveraging existing infrastructure, itselectric offers a more affordable and accessible charging option for EV drivers in cities, while also providing property owners with passive income opportunities. Working with city agencies, itselectric aims to achieve carbon reduction targets and make EV charging accessible for all communities.
Target Audience
The primary target audience includes urban EV drivers seeking convenient and affordable charging options, as well as property owners interested in generating passive income by providing access to their building's electricity supply.
Features
- Utilizes existing building electricity to power EV chargers, reducing installation costs and time.
- Curbside placement provides convenient charging access for urban residents.
- Partnership model with property owners creates a distributed charging network.
- Focus on affordability makes EV charging accessible to a wider range of drivers.