San Francisco-based Contrary Capital led the round in the company, which has offices in Ontario and the Bay Area, with participation from Hanover Capital and the University of Waterloo’s Velocity Fund. The funding will help it launch a software development kit for connecting EV chargers to the grid. (The Logic)
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San Francisco-based Contrary Capital led the round in the company, which has offices in Ontario and the Bay Area, with participation from Hanover Capital and the University of Waterloo’s Velocity Fund. The funding will help it launch a software development kit for connecting EV chargers to the grid. (The Logic)
Talking point: Even as major automakers pull back their EV plans, startups like Voltra see opportunities to simplify the hodgepodge of software products that can cause EV charger outages. CEO Alexander Stratmoen said the EV sector largely runs on software from hardware companies that make energy substations, cars or chargers. Those programs connect to technology made by software companies that specialize in payments, condo management or vehicle fleet dispatching. Voltra hopes developers will instead add its tool to existing software suites to help companies that operate chargers manage each station’s charging sessions and energy usage.
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