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Loop Raises $60M To Send Ev Charging Infrastructure For A Loop

Oct 03, 2022almost 3 years ago

Amount Raised

$60 Million

El Segundo

Description

Electric cars are great and all, but internal combustion engines (ICE) have one thing going for them: comprehensive, well-oiled infrastructure that means you can add 300 miles of range to your car, in 5 minutes, at any of 65,000 or so gas stations. Compare that with the one-hour stop at only about 6,000 high-speed charging stations (1,900 or so of which are Tesla-only chargers), and it quickly becomes obvious why solving EV charging is one of the biggest challenges in the world of EVs. Loop just raised $60 million to solve part of that puzzle, offering turn-key EV charging station networks.

Company Information

Company

Loop

Location

El Segundo, California, United States

About

Loop aims to be a leader in EV charging solutions. Our mission is to make EV charging more accessible to multi-tenant property owners and operators as well as electric vehicle drivers by simplifying and streamlining the development and operation of user-friendly public and private EV charging networks. Our turnkey hardware, software and service solutions make it easy and hassle-free to deploy cost-effective EV charging, saving our customers both time and money.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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