ChargeLab builds a hardware-agnostic software platform that operates at the edge and in the cloud to deploy and manage large networks of EV chargers for fleets, building operators, and utilities. Key capabilities include automated monitoring of chargers, management of pricing and access rules, payment processing, and electrical load balancing. The company is led by CEO Zak Lefevre and CTO Ehsan Mokhtari. ChargeLab raised an additional $15M in Series A funding, consisting of $10M in new equity and $5M in venture debt, to support growth. The firm intends to use the proceeds to expand its engineering team and introduce new products to market. The company is based in Toronto, Canada. ChargeLab builds a cloud-based charging station management system that runs on the edge and in the cloud and provides apps for EV drivers, dashboards for fleet managers and open APIs for third-party integration. The software is hardware-agnostic and includes automated monitoring, pricing and access rules, payment processing, electrical load balancing and embedded code on chargers to improve security and reliability. ChargeLab works with charger manufacturers (Phihong, United Chargers, Siemens, Tritium) and its tech is white-labeled by charging networks like Girardin Energy, TurnOnGreen and EVStart. The company says its software is currently inside thousands of devices in North America but has not yet surpassed 10,000 chargers. The new funding will help the startup move beyond a seed-stage solution to build SOC 2 compliance, scale to support hundreds of thousands of devices, and meet enterprise needs for large fleets and deployments. ChargeLab has also formed an InfoSec team and built offline behavior and self-healing features to address cybersecurity concerns as chargers become connected. ChargeLab develops a software platform intended to run EV chargers made by many different hardware manufacturers rather than forcing a single closed ecosystem. The company aims to be the ‘Android’ of EV charging software and intends to integrate with manufacturers such as ABB, Schneider Electric and Siemens. ChargeLab already has an agreement with ABB to be their default software provider as ABB launches its next North American charging product. The startup targets operators revamping parking assets—examples cited include REEF and Metropolis—as customers for its charging services. CEO Zachary Lefevre says the company plans future backend integrations with networks like ChargePoint and Electrify America to streamline charging across platforms. Financially, ChargeLab raised $4.3 million in a seed financing and previously raised $1.1 million in a pre-seed round.

Total raised

$34M

Funding rounds

4

Latest round

Series A

Latest activity

Apr 2023