As electric vehicle adoption continues to grow, the need for reliable charging and energy infrastructure is becoming more important than ever. InCharge Energy, a company that provides EV charging and energy solutions, has secured $46 million in new funding to strengthen its operations and expand its services across North America.
The investment round was led by S2G Investments, with participation from QIC. The Los Angeles-based company announced that the funding will help accelerate its growth beyond EV charging and support a broader range of energy infrastructure services.
Funding to Support Expansion Plans
InCharge Energy plans to use the new capital to grow its national field services network, increase the number of technicians in key markets, and enhance its software capabilities. The company also aims to expand its offerings in electrical infrastructure and distributed energy resources.
According to the company, customers are increasingly looking for support in managing complex energy systems that go beyond traditional EV charging stations. As organizations adopt more energy technologies, the need for integrated management and maintenance services continues to rise.
Growing Beyond EV Charging
Founded to support the deployment and management of electric vehicle charging infrastructure, InCharge Energy has gradually expanded its focus. The company now provides services related to broader energy infrastructure, helping organizations manage a variety of energy assets.
The company currently manages more than 30,000 charging and energy-related assets through its service network. Its customer base includes commercial fleets, school districts, municipalities, and other organizations that depend on reliable energy infrastructure.
Focus on Reliability and Efficiency
A major part of InCharge Energy’s strategy is its software platform, called InControl. The platform helps customers monitor, manage, and maintain charging and energy assets through a centralized system. It combines asset monitoring, service operations, and lifecycle management tools to improve uptime and reduce operational costs.
Industry demand for dependable charging infrastructure is growing as more EV chargers are installed across North America. At the same time, many existing charging systems are aging, creating new challenges around maintenance and reliability. InCharge Energy believes its technology and service network can help customers address these issues more effectively.
Leadership Sees Long-Term Opportunity
Rich Mohr, CEO of InCharge Energy, said the company’s customers increasingly need help managing complex energy infrastructure. He noted that the new investment will support the company’s evolution into a broader energy solutions provider and strengthen its technology and service capabilities nationwide.
With fresh capital, an expanding service network, and growing demand for energy management solutions, InCharge Energy is positioning itself to play a larger role in North America’s evolving energy infrastructure market.
