What you need to know:
- InCharge Energy secures $46 million investment led by S2G Investments to expand beyond EV charging infrastructure into energy management and distributed energy resources
- The company manages more than 30,000 EV charging assets through a large multi-brand charger service network serving fleets, municipalities, and school districts
- Its InControl software platform provides charger monitoring, remote diagnostics, and energy optimization, resolves around 80% of charger issues remotely
- The funding will help grow InCharge's field service network, advance its software platform, and expand support for battery energy storage, solar energy, and other clean energy infrastructure
Los Angeles-based InCharge Energy announced today it has secured a $46 million investment, led by S2G Investments, to support the company's expansion beyond electric vehicle charging into broader energy infrastructure and distributed energy resource solutions.
The funding's timing is vital as commercial fleets, school districts, municipalities and other organizations increasingly face challenges managing growing EV charging networks and related infrastructure. While charger deployments continue to increase across North America, maintaining reliability and uptime has become a growing concern as existing equipment continues to age.
[Related: Workhorse teams up with InCharge Energy to expand customer support services across North America]
InCharge said it currently manages more than 30,000 charging and energy assets through one of North America's largest multi-brand EV charger service networks. The company provides charging infrastructure deployment, maintenance, software and field service support for fleet and charging network operators.
A key component of the company's strategy is its proprietary InControl software platform, which serves as a centralized system for monitoring, operating and maintaining charging and energy assets. The platform provides charger visibility, remote diagnostics, network management, energy monitoring and performance optimization tools designed to improve asset uptime and reduce operating costs.
According to the company, approximately 80% of charger issues can be resolved remotely through the platform, thus reducing the need for on-site visits. In cases that require field support, InCharge uses its in-house technician network and 24/7 operations centers to coordinate service and maintenance activities.
InCharge Energy
[Related: InCharge Energy names Nikolas Runge as Chief Technology Officer]
Beyond EV charging infrastructure, the company says its platform is designed to support a broader range of energy assets, such as battery energy storage systems, solar installations, transformers, switchgear, electrical distribution equipment and other balance-of-power infrastructure.
"EV charging was the entry point, but our customers increasingly need help operating more complex energy infrastructure," said Rich Mohr, CEO of InCharge Energy. "This investment from S2G accelerates our evolution into a full energy solutions provider and allows us to advance smarter technology and strengthen our service capabilities nationwide."
The investment reflects growing interest in technologies that help organizations manage increasingly complex energy networks as fleets and facilities add charging infrastructure, distributed energy resources and backup power systems.
"Demand for reliable, tech-enabled network operations will only intensify as the installed base of chargers and distributed energy resources continues to expand and mature," said Bala Nagarajan, managing director at S2G Investments.
InCharge says it plans to use the capital to expand its national field service organization by increasing technician employment and route density in key markets. Plans are also in place to accelerate development of the InControl platform and continue expanding its energy infrastructure and operational services.
