Motor provides a consumer electric vehicle (EV) adoption platform that partners with utilities to accelerate consumer EV ownership. The company engages customers through their utility to offer access to EV ownership and to overcome common barriers to adoption. Motor’s platform is designed to ensure both the economic and grid benefits of electrification. The company was incubated out of The AES Corporation. Motor recently closed a $7 million Series A financing. The round signals early institutional backing as the company scales utility partnerships from its Arlington, VA base.

Total raised

$7M

Funding rounds

1

Latest round

Series A

Latest activity

Feb 2023