Coulomb Technologies Secures $14M in Series B Funding
01 February 2010
Coulomb Technologies, a provider of electric vehicle (EV) charging station infrastructure, has secured $14 million in Series B funding in a round led by Voyager Capital and Rho Ventures. Coulomb will use the funds to expand research and development, operations capital and sales.
Coulomb’s expansion will also include further penetration into worldwide markets including Asia and South America. Siemens Venture Capital GmbH and Hartford Ventures, a strategic investment division of The Hartford Financial Services Group, Inc. also participated in the round.
Since 2007, Coulomb has been introducing networked charging stations for EVs since 2007. From the first installation of ChargePoint Networked Charging Stations in San Jose, Calif., in 2008, to the latest opening in Honolulu Hawaii, the ChargePoint Network is used by thousands of EV drivers looking to quickly and safely fuel their electric vehicles.
Today Coulomb has more than 120 customers including McDonalds, Dell Corporation, Reliant Energy, DTE Energy and Element Hotels. Cities worldwide including San Francisco, Houston, Amsterdam, Chicago, Nashville and Bochum, Germany, now have Coulomb’s charging stations installed for consumer and fleet use.
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