itselectric is a Brooklyn-based company building curbside electric vehicle charging infrastructure and offering a UL-certified detachable cable charger. The company manages installation, operation, and maintenance of chargers at no cost to municipalities or building owners. Through partnerships with cities and property owners, itselectric provides drivers charging options while offering property owners monthly passive income. The startup positions its service to help cities meet decarbonization targets and actively reduce carbon emissions. It plans deployments across seven U.S. cities in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco. Financially, the company has raised a total of $11.8M to date following its recent seed round. itselectric builds urban networks of Level 2 curbside EV charging posts and partners with cities to install, operate, and maintain chargers at no cost to cities or host property owners. The company’s model lets property owners earn passive income while avoiding the infrastructure upgrades typically required for on-street charging. It aims to help cities meet carbon reduction targets and reduce capital expenditure. Led by CEO Nathan King and COO Tiya Gordon, itselectric has a fully functioning prototype described as a minimum viable product (MVP). The company plans to use recent funding to move that prototype to a certified market-ready product (MRP) for on-street deployments across the U.S. Financially, itselectric completed a $2.2M pre-seed financing to support product certification and deployment efforts.

Total raised

$9M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2024