Coulomb Technologies, a company that is developing an electric vehicle (EV) charging station infrastructure, announced earlier this month that it secured $15 million in Series C funding. Joining existing investors Rho Ventures, Voyager Capital, Siemens Venture Capital GmbH, and Hartford Ventures (a strategic investment division of The Hartford Financial Services Group) are new investors Harbor Pacific Capital, LS Cable Ltd., and LS Industrial Systems Co., Ltd.
Coulomb will use the funds to help accelerate product development of its ChargePoint Network, enhance customer support, and increase sales. The following video provides a demonstration of a ChargePoint Networked Charging Station and additional information on Coulomb's solutions:
“Coulomb sales have increased dramatically in 2010,” said Richard Lowenthal CEO of Coulomb Technologies. “This significant growth has given us an opportunity to further expand our operations and superior technology of the ChargePoint Network to meet the worldwide demand of networked infrastructure for electric vehicles. We are proud to welcome our new investors Harbor Pacific Capital and LS to our company. We are also pleased our existing investors Rho Ventures, Siemens Venture Capital, Voyager Capital and Hartford Ventures have furthered their investment in Coulomb.”
“Coulomb continues to make great strides as an emerging leader in the EV infrastructure space. They are quickly expanding their footprint and building a compelling, sustainable business,” said Mark Leschly, Managing Partner of Rho Ventures.
Coulomb Technologies' corporate headquarters are in Campbell, California and it has operations in India.