AddEnergie gets the funds to expand its EV charging network

AddEnergie Technologies Inc. (AddEnergie) just announced the first closing of its Series C financing round.

This means that a $53 million financing plan will enable the company to grow and pursue the expansion of FLO®, its North American electric vehicle charging network.

Despite the current pandemic, AddEnergie was able continue its progression in 2020, deploying over 11,000 charging stations in the past 12 months and expanding the FLO network to cities like Los Angeles, Cincinnati and Toronto.

The company is now in a position to bring its comprehensive approach to EV charging – which includes residential, workplace, fleets, commercial, public, fast charging and more – to a growing number of markets in North America.

Photo : AddEnergie