Stable builds machine‑learning models and analytics that forecast EV charger usage and help financial institutions, infrastructure developers and charging networks optimize where to place chargers and monetize assets. The company says its models use factors like average trip distance, nearby amenities and energy costs to turn arbitrary decisions into data‑driven ones. Stable reports most chargers are used less than 10% of the time and very few exceed 20% utilization. The Series A proceeds will be used to accelerate hiring of data scientists and engineers to support deployment and monetization of chargers. Stable aims to help customers deploy, track and monitor their investments and to guide what it cites as the next $39 billion in EV charging deployments and spending under the Bipartisan Infrastructure Law (per Atlas Policy calculations). Co‑founders Rohan Puri and Jamie Schiel, MIT Media Lab alumni, lead the company.

Total raised

$14M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2022