Electric Era Technologies has just announced the closing of its Series A financing round, raising $11.5 million to scale production of its electric vehicle charging stations. The company’s PowerNode EV fast-charging stations are designed to offer reliable high-speed charging at convenience stores and quick service retail locations.
The charging stations are powered by Electric Era’s autonomous software platform, which has been optimized for performance and reliability. Additionally, the stations are equipped with a built-in battery to reduce the draw on the grid and enable more charging sessions for a lower cost.
The new funding will allow Electric Era to meet the growing demand for EV charging stations, with the aim of having more than 10,000 installed at convenience stores across the U.S. by the end of the decade. The first commercial installation is set to go live in early September in Portland, Oregon, with convenience stores in nine states expected to be online before the end of the year.
