Loop develops end-to-end EV charging infrastructure products and turnkey networks for property owners, selling smart, affordable chargers that can be individually metered for shared or multi-unit installations. Its product lineup includes home and workplace chargers plus high-speed DC chargers that compete with networks such as ChargePoint, EVgo and Tesla’s Supercharger network. Loop emphasizes low total cost of ownership and targets property owners as the primary channel to scale charging access across apartments, offices, hotels, retail centers, fleets and municipalities. The company reports having sold more than 7,000 charging stations worldwide through a partner program of over 750 electrical contractors. Loop aims to build a broadly available network of chargers to stay ahead of projected EV rollouts and to make passive charging (at home, at work, on the go) widely accessible. Financially, Loop recently completed a $60 million financing package to accelerate operational growth and network expansion.

Total raised

$60M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Oct 2022