Orange purpose-built a reliable, scalable, and affordable EV charging solution aimed at multifamily properties to make EV charging accessible regardless of where residents live. The company reports over 2,000 Orange chargers installed at multifamily properties including Avalon Bay, Sares Regis, and Greystar. Orange announced a $6.5 million funding round led by Matt McElhattan at Munich Re Ventures and Raj Kapoor at Climactic, with participation from existing investors Matt Thoms at Baukunst, Thomas Byrne at Crow Holdings, Lincoln Property Company, and Spacecadet ventures. The raise is framed as a milestone to support continued deployment and growth as the company scales its operations. Team members named in the article include Nicholas Johnson, Neil Joseph, and Cinzia Pinamonti, and the company is actively recruiting for multiple open roles. Orange says it is just getting started as it works to transform the intersection of energy and transportation. Orange develops EV charging infrastructure aimed at multiunit residential properties. The company plans to scale up its charger network to serve those properties. TechCrunch+ ran a pitch-deck teardown after Orange raised a seed round. The pitch deck highlights the market opportunity, solution, product tech specs, and competitive positioning. It also includes go-to-market plans, a business model and cash flow slide, and appendices with product install photos, three-year financial projections, and a headcount slide. The article frames the fundraise as enabling execution of the technical and commercial plan laid out in the deck.

Total raised

$9M

Funding rounds

2

Latest round

Seed

Latest activity

May 2024