About Electrify America
Electrify America is a company based in Reston (United States) founded in 2016.. Electrify America has raised $450 million across 1 funding round from investors including Siemens and Volkswagen Group. Electrify America operates in a competitive market with competitors including ChargePoint, EV Connect, FreeWire, EVgo and Blink Charging, among others.
- Headquarter Reston, United States
- Stage Unicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$450 M (USD)
in 1 rounds
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Latest Funding Round
$450 M (USD), Series C
Jun 28, 2022
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Investors
Siemens
& 1 more
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Employee Count
Employee Count
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Funding Insights of Electrify America
Electrify America has successfully raised a total of $450M through 1 strategic funding round. The most recent funding activity was a Series C round of $450 million completed in June 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $450.0M
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First Round
First Round
(28 Jun 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2022 | Amount | Series C - Electrify America | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Electrify America
Electrify America has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Siemens and Volkswagen Group. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Industrial software is developed for automation, electrification, and digitalization solutions.
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Founded Year | Domain | Location | |
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Passenger and commercial vehicles are manufactured globally by Volkswagen Group.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Electrify America
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Electrify America
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Electrify America Comparisons
Competitors of Electrify America
Electrify America operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ChargePoint, EV Connect, FreeWire, EVgo and Blink Charging, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-enabled EV charging stations are operated for diverse sectors.
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| domain | founded_year | HQ Location |
Provider of electric vehicle charging software and solutions
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| domain | founded_year | HQ Location |
Electric-vehicle charging solutions are developed and provided by FreeWire.
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| domain | founded_year | HQ Location |
EV charging station operators
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| domain | founded_year | HQ Location |
Electric vehicle charging networks and SaaS solutions are operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Electrify America
Frequently Asked Questions about Electrify America
When was Electrify America founded?
Electrify America was founded in 2016 and raised its 1st funding round 6 years after it was founded.
Where is Electrify America located?
Electrify America is headquartered in Reston, United States. It is registered at Reston, Virginia, United States.
Who is the current CEO of Electrify America?
Giovanni Palazzo is the current CEO of Electrify America.
Is Electrify America a funded company?
Electrify America is a funded company, having raised a total of $450M across 1 funding round to date. The company's 1st funding round was a Series C of $450M, raised on Jun 28, 2022.
What does Electrify America do?
Electrify America was founded in 2016 and is based in Reston, United States. Electric vehicle charging solutions are offered in the clean energy sector, with devices developed for residential areas, commercial spaces, and public locations. An app is provided for locating DC fast chargers, checking availability, reserving stations, starting and monitoring sessions, processing payments, and guiding navigation. The app is supported on Android and iOS platforms.
Who are the top competitors of Electrify America?
Electrify America's top competitors include EV Connect, ChargePoint and EVgo.
Who are Electrify America's investors?
Electrify America has 2 investors. Key investors include Siemens, and Volkswagen Group.
What is Electrify America's valuation?
The valuation of Electrify America is $2.45B as of Jun 2022.
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