Failup Ventures’ Post

Proud Investor Alert! Congratulations to itselectric Tiya Gordon Nathan L. King on raising $6.5M to expand operations and accelerate curbside EV charging across seven US cities in 2024. This fresh funding will bring itselectric’s affordable and accessible EV infrastructure to some of the densest urban areas in the country with key deployments directly supporting Uber’s goal of helping rideshare drivers go electric. itselectric’s chargers are installed and maintained at no cost to cities, utilities, or property owners and help build the infrastructure that will allow gas cars to be replaced with EVs. Halogen Ventures Jesse Draper Ashley Balla Adriana Gadala-Maria Ochi Jessica Robertson The bonus: property owners earn passive income – aligning climate action with urban living, making cleaner, greener cities a reality 🌿🔌 Read more by Irina Ivanova at Fortune Magazine on post attached. #EVCharging #ClimateAction #goelectric #driveelectric

This funding announcement is great news for increasing public, curbside #EVcharging accessibility for #multifamilyhousing residents in cities like Los Angeles. Greater availability of reliable curbside charging more broadly will hopefully also help more ride-hail drivers make the move to EVs by 2030, complying with a requirement in states like California and New York. With housing nationwide remaining stubbornly expensive and single-family housing out of reach for many, the number of residents in multifamily housing (apartments, condominiums, cooperatives, and townhomes) is likely growing. That means a significant transition to #EVs requires convenient charging for dwellers in these types of homes. #transportationequity

🎉 itselectric, a Brooklyn-based electric vehicle curbside charging company, today announced its $6.5M seed round. The raise was led by Failup Ventures and Uber. With participation from Halogen Ventures, Partnership for New York City, Pulse Fund, Newlab, Gratitude Railroad, Tale Venture Partners, The Equity Alliance, Los Angeles Cleantech Incubator (LACI) Impact Fund, and The Helm and will support deployments across seven cities in the United States in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco. With fresh funding, itselectric’s curbside charging infrastructure will also help support Uber’s goal of helping rideshare drivers go electric. 🌎 2023 was the hottest year on record with transportation being the third largest contributor of U.S. greenhouse gas emissions. But transportation is also a sector where the choice to drive electric will create a collective difference. Our mission is to make charging easy, convenient, and affordable not only for drivers, but for cities,  providing the pathway for everyone to go electric. “itselectric has designed an innovative public charging solution that addresses the infrastructural barriers that cities face in the deployment of electric vehicle curbside charging,” said Topias Soininen, general partner at Failup Ventures. “Their thoughtfully designed chargers are a highly scalable solution that will rapidly bring curbside charging to the millions of city drivers who park on the street and contribute to the nationwide adoption of electric vehicles.” "We are thrilled to invest in itselectric as part of our push for an all-electric future,” said Camiel Irving, GM of Uber US & Canada. "Electric rideshare drivers cut emissions up to four times more than regular motorists, but many lack off-street parking and home charging options. itselectric is innovating to address this and expand overnight curbside charging, helping more drivers confidently go electric, ease range anxiety, and boost earnings potential."      “itselectric is revolutionizing urban infrastructure,” said Jesse Draper founding partner, Halogen Ventures. “Their mission to bring highly accessible curbside charging combined with economic benefits to urban communities, offers an innovative solution for a problem we need to urgently solve. We’re incredibly excited about itselectric as they expand across cities to make sustainable transportation a reality across the nation” Read the full story in Fortune https://lnkd.in/e7DuKYNf

Green Frontier Capital Leads $3 Million Pre-Series A Round for ElectricPe, India’s Leading EV Super-App Green Frontier Capital, a leading early-stage venture capital fund with operations in both India and the U.S., has spearheaded a $3 million pre-Series A funding round for ElectricPe, India’s premier EV super-app. The funding round also saw participation from existing investors Blume Ventures, Micelio Fund, and NB Ventures. The new investment will be strategically utilized to bolster ElectricPe’s growth and innovation efforts, reinforcing its position as a comprehensive solution for electric vehicle (EV) users and facilitating its expansion into new geographic areas. ElectricPe’s full-stack Super App provides users with the ability to locate, access, and pay for EV charging points […] - https://lnkd.in/dvqJXUsc #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #electricvehicles #electricpe #ev #evchargingstation #greenfrontiercapital #india #usa

🚀 Diving into the World of Angel Investing with #ZyppElectric 🚀 Embarking on my angel investing journey has been an exhilarating experience filled with valuable lessons, challenges, and rewarding moments. My first and proudest investments has been in #ZyppElectric, a company at the forefront of transforming urban mobility. 🌍⚡ Here's why I chose #ZyppElectric: 🌿 Eco-Friendly Solutions: #ZyppElectric is committed to reducing carbon emissions with their eco-friendly electric scooters and bikes, aligning with the growing demand for greener transportation options. 💰 Cost-Effective Operations: Their electric vehicles significantly cut fuel and maintenance costs. #ZyppElectric’s affordable pricing models make the switch to electric mobility easier for both individuals and businesses. 📦 Efficient Last-Mile Delivery: With the surge in e-commerce and online deliveries, #ZyppElectric offers a highly efficient solution for last-mile delivery. Their flexible and scalable business model supports rapid expansion across urban areas, meeting the demand for quick and sustainable delivery options. Key Takeaways from My Journey as an Angel Investor:   💹 Understand the Market: Investing in sectors you understand or are willing to learn about is crucial. Market knowledge helps in assessing the potential and future scalability of a business.   🤵 Founding Team: The strength and passion of the founding team often matter more than the initial idea. A great team can pivot and adapt, turning even a mediocre idea into a successful venture.   🧘♂️ Patience is Key: Angel investments are long-term commitments. It often takes years for startups to provide significant returns, requiring patience and a long-term perspective. Angel investing is a dynamic and rewarding journey that goes beyond financial gains. It’s about investing in forward-thinking ideas, supporting innovation, and being part of a transformative process. 🌟✨ #AngelInvesting #ZyppElectric #UrbanMobility #EcoFriendly #Innovation #Sustainability #InvestmentJourney #Akashgupta #Rashiagarwal #venturecatalyst

Itselectric Gets $6.5M Boost for #EVCharging Brooklyn-based #startup itselectric is revolutionizing EV charging with its innovative on-street chargers. By utilizing electricity from nearby buildings instead of the municipal grid, Itselectric accelerates charger installation and minimizes permitting hurdles. Building owners benefit from shared revenue, fostering a collaborative approach to EV infrastructure. This week, Itselectric secured $6.5 million in funding led by Uber and Failup Ventures, propelling the company's mission to scale its unique charging system. This investment brings their total funding to $11.8 million, highlighting the growing recognition of their impactful solution. Read the Forbes story I wrote about Tiya Gordon, one of Itselectric cofounders, in January. Breaking Barriers: A Startup Changes The Game For EV Charging In Cities via https://lnkd.in/eY47VAiq #EVcharging #electricvehicles #sustainabletransportation #cleanenergy #renewableenergy #smartcities #climatetech

#Copenhagen-based #FLEXeCHARGE secures seven-figure seed #funding. Contributions provided by the venture capital companies Vireo Ventures, Link Capital, and Greencode Ventures. With the funding, the #Danish energy tech startup hopes to advance technology even further by using its e-mobility #platform for smart load and energy management. In order to provide EVs with the same level of accessibility and convenience as refuelling conventional automobiles, #commercial charging infrastructure is being developed quickly worldwide as EV usage rises and laws #banning internal #combustion engine vehicles become closer. In addition to cutting #expenses, FLEXeCHARGE’s open platform gives its users the freedom to connect to any software or hardware, facilitating enhanced energy purchasing decisions and #boosting operational efficiency. This allows users to stay #independent of their management system and hardware providers. In the e-mobility space, FLEXeCHARGE was founded in 2019 and is a prominent supplier of cutting-edge load and energy #management services. It offers an open platform that interfaces and sits between charge station management systems and #EV #charging gear. FLEXeCHARGE Vireo Ventures Greencode Ventures Christian Rangen Manuel Heckmann Max Brandt To share your startup story write us on - contact@startuprise.co.uk #flexecharge #funding #eustartup

Wall Street's EV Tech Bets. Check Out The Top 4 Startups Driving the Future of Clean Transportation >> https://lnkd.in/dmkVKB74 We handpicked the top four startups; Here are what they’re doing, what they’ve accomplished, and what they have to do to help in the clean energy transition. #electricvehicles #wallstreet #solarpower #solarenergy #carboncredits #carbonemissions #carbonoffsets #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonprices #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero 

Friday is here and so is your brief 🔥 MOVING FREIGHT CARS WITHOUT A LOCOMOTIVE 🚂 St. Louis-based rail technology company Intramotev has raised $14.4 million in a Series A funding round led by Flybridge Capital Partners and Alpaca VC, with participation from Advantage Capital, Aera VC, and others. Intramotev's self-propelled battery-electric railcar retrofits, including its TugVolt and ReVolt technologies, aim to enhance rail capacity while reducing fuel costs and carbon emissions. The funding will support the company’s global expansion and continued deployment of its innovative self-propelled rail solutions. 👉https://bit.ly/3yusmNm MAKING TRUCKING FLEETS OPERATE MORE SUSTAINABLY 🚚 Sustainable transportation startup Clearly has raised $4.3 million in Seed funding, led by Pace Ventures and Nine Realms, with participation from Mobilion, Next Gear, and other investors. Founded in 2021, Clearly provides an AI-driven climate intelligence platform that helps transport fleet operators reduce emissions and optimize performance by analyzing vehicle data and nudging driver behavior. The funding will be used to scale the platform, which is already tracking over 100 million trips and helping clients like Webfleet meet their emission reduction targets. 👉https://tcrn.ch/3YO477o FAST GROWTH FOR FAST CHARGING ⚡ London-based battery technology startup Gaussion has raised €10.9 million in a Series A funding round led by Autotech Ventures, with participation from existing investors BGF and UCL Technology Fund. A University College London (UCL) spinoff, Gaussion has developed a magnetic field-enhanced solution that dramatically improves EV battery performance by enabling faster charging while reducing cell degradation. The new capital will accelerate Gaussion’s market entry, allowing it to scale production, sell its products, and explore licensing opportunities in various sectors, including transportation electrification and energy storage. 👉https://bit.ly/4fKLtmW HIGHER EFFICIENCY FOR CARBON CAPTURE 💨 Nottingham-based Promethean Particles has raised £8 million in a Series A funding round led by Mercia Ventures and Aramco Ventures, with participation from the Midlands Engine Investment Fund and others. The company manufactures metal-organic frameworks (MOFs), a class of materials with a high surface area and customizable pore sizes that are highly effective for carbon capture and other applications. The funding will enable Promethean to scale up its proprietary continuous-flow reactor technology, expanding its manufacturing capacity and accelerating the development of MOFs for energy transition solutions. 👉https://bit.ly/3ACcE35

Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X: B2B delivery and shared mobility startup Zypp Electric raised $14 million shortly after the end of FY24, driven by consistent growth fueled by the rise of quick commerce and food delivery. The Gurugram-based firm reported a 2.6X increase in scale, with total revenue surpassing Rs 300 crore during the fiscal year ending March 2024. Zypp … Continue reading "Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X" The post Zypp Electric reports Rs 303 Cr revenue in FY24 as losses rise 2.2X appeared first on Entrackr. #startupnews #startups