ChargeLab’s software layer to power ABB’s EV chargers in North America
ChargeLab, a Toronto-based startup that builds software to operate and optimize electric vehicle charging equipment for fleets and commercial customers, has raised a $15 million Series A round. The round was led by King River Capital and notably includes participation from strategic investor ABB E-Mobility, a spinoff of technology company ABB that focuses on electric mobility and building charging stations.
As part of ChargeLab’s commercial agreement with ABB, the two companies will launch a bundled hardware and software solution for fleets, multifamily buildings and other commercial EV charging use cases, according to Zak Lefevre, founder and CEO of ChargeLab. While the partnership with ABB will certainly give ChargeLab the resources it needs to build out and scale its enterprise software, Lefevre noted that ABB’s interest in ChargeLab stems from the company’s need for a better out-of-the-box software in North America.