SemaConnect supplies integrated charging hardware and cloud-based software that creates a connected network across its stations. The company has sold over 10,000 smart charging stations nationwide and serves commercial, residential, and fleet customers, including municipal, parking, multifamily, hotel, office and retail sites. Its platform is designed to help site hosts demonstrate sustainability commitments and add a modern amenity for tenants, employees, and guests while maximizing station performance through smart engineering and software controls. SemaConnect lists partnerships and customers such as Gilbarco Veeder-Root, CBRE, Electrify America, JLL, Hines, Greystar, Cisco Systems, and Standard Parking. The company plans to expand further among its current commercial, residential, and fleet customer base and to grow the SemaConnect team with support from new investors. Founder and CEO Mahi Reddy and COO Mark Pastrone will continue to lead the business and retain meaningful equity stakes. SemaConnect was founded in 2008 and is based in Bowie, Md. SemaConnect builds and operates electric vehicle charging stations and a networked management platform for commercial and residential property owners. The company has deployed thousands of stations across the United States and Canada and has deployments with customers including CBRE, JLL, Hines, Greystar, Cisco Systems, and Standard Parking. Led by CEO Mahi Reddy, the leadership team includes Mark Pastrone (VP, Business Development), Kelly McDermott (Director of Marketing) and Don MacNeil (Director of Sales). SemaConnect has expanded into twelve local U.S. sales and service field offices, including Seattle, San Francisco, Los Angeles, Denver, San Diego, Houston, Orlando, Atlanta, Chicago, Washington DC, Long Island and Boston. Financially, the company completed a $15M third round of financing. It plans to use the proceeds to expand sales, marketing, customer service and project management resources.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2015