Pando Electric develops smart EV charging solutions specifically designed for multifamily and commercial properties. Their system utilizes intelligent load management to distribute power efficiently without requiring costly electrical panel upgrades. This approach delivers reliable Level 2 charging infrastructure with low installation costs and zero ongoing maintenance requirements.
Funding
$7.5M 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.
Founders
Product
Problem
Multifamily and commercial properties face challenges in providing sufficient EV charging infrastructure for residents and tenants due to high installation costs and electrical grid limitations. Traditional EV charging solutions often require extensive electrical upgrades and can lead to overloaded circuits, resulting in unreliable charging and increased operational expenses.
Solution
Pando Electric offers a scalable and cost-effective EV charging solution designed for multifamily and commercial buildings. Utilizing standard NEMA 14-50 outlets and Adaptive Load Management (ALM) technology, Pando optimizes energy distribution to maximize the number of charging stations without requiring costly electrical infrastructure upgrades. The system allows property owners to set custom $/kWh rates, ensuring a positive Net Operating Income (NOI) while providing reliable, high-power (9.6 kW) charging for EV drivers. Pando's solution includes a mobile app and dashboard for easy management, real-time status updates, and automated billing, creating a seamless experience for both property managers and EV owners.
Target Audience
Pando Electric targets multifamily property owners, commercial building managers, and electrical contractors seeking affordable, scalable, and easy-to-manage EV charging solutions.
Features
- NEMA 14-50 universal outlets compatible with most EV models and charging adapters
- Adaptive Load Management (ALM) dynamically distributes power to prevent overloading and maximize charging capacity
- Local wireless mesh networking ensures uninterrupted communication between chargers, even without internet access
- Mobile app for EV drivers to monitor charging status, make payments, and manage their accounts
- Web dashboard for property managers to set kWh rates, manage users, and track energy consumption
- Turnkey solution including site design, installation, and ongoing support
- Built-in GFCI protection for safe and compliant charging
- Durable design engineered for 40 years of dependable performance