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Market
Will ItsElectric install 1,000 EV charging stations in U.S. cities by December 31, 2024?
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Resolution / Starting Odds
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Official press releases from ItsElectric, news articles, and company reports
Story
ItsElectric Raises $6.5M with Uber to Expand EV Charging Infrastructure in U.S. Cities
Jul 16, 2024, 10:46 PM
ItsElectric has successfully raised $6.5 million in a seed round to expand its affordable and accessible electric vehicle (EV) charging infrastructure across U.S. cities. The funding round was led by Failup Ventures and Uber, with additional backing from HalogenVC and superangel. This initiative aims to eliminate barriers to EV adoption by providing curbside charging solutions. Property owners will benefit financially, while cities will see cleaner infrastructure. Uber's backing underscores the potential impact of ItsElectric's technology in addressing major challenges in the EV sector.
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