Paren aggregates, enriches, and serves comprehensive data on EV charging infrastructure, acting as a neutral platform that synthesizes fragmented datasets into a unified model. Its product is accessible via an online application and an API Gateway and is aimed at automakers, map makers, fleet operators, and other enterprise customers. Paren plans to scale its current data platform, build new services on top of its dataset, expand API access to reliability, and augment data around amenities, pricing, and safety. The company cites industry metrics including an estimated 100 million public fast charging sessions in the U.S. in 2024 and projects over 1 billion sessions by 2030 with roughly 7.5% of vehicles battery powered by then. Paren has pursued inorganic growth, acquiring EVSession LLC in March 2024 and more recently acquiring EVAdoption LLC, whose founder Loren McDonald joined Paren as Chief Evangelist. The company will use the new capital to grow its team, broaden data sets, and scale its platform to meet enterprise demand.

Total raised

$3M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2024