Electric Charging-Station Company Raises $3.75 Million

Jan 30 2009 | 10:55am ET

California-based Coulomb Technologies Inc, a producer of electric vehicle charging stations, has raised $3.75 million in a first round of funding.

The round was led by Germany’s Estag Capital AG.

Coulomb is behind the ChargePoint Network, a networked vehicle charging infrastructure for plug-in vehicles. The company has teamed with the city of San Jose to build a curbside network of charging stations for electric cars.

The company intends to use the funds raised for smart networked charging stations, engineering, and marketing and business development.

“Estag has a proven track record of investing in breakthrough clean energy technology,” said Richard Lowenthal, Coulomb Technologies CEO, in a statement. “We consider them not only an important investor but also our partner in delivering networked charging infrastructure worldwide. This investment will allow Coulomb to continue to deliver electric fueling products that this industry needs to charge ahead.”

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