Electric Miles
Experience the future of smart EV charging—optimized for efficiency, cost savings, and reduced carbon footprint.
Experience the future of smart EV charging—optimized for efficiency, cost savings, and reduced carbon footprint.
Electric Miles is a cleantech startup founded in 2017 with a mission to revolutionize electric vehicle (EV) charging. The company's innovative Internet of Energy (IoE) solution optimizes charging schedules, resulting in increased efficiency, cost savings, and a reduced carbon footprint. By employing artificial intelligence and machine learning, Electric Miles autonomously manages the charging process, considering factors such as energy costs, journey requirements, and environmental impact.
The importance of Electric Miles' technology is underscored by the increasing electrification of transportation fleets, placing significant stress on the National Grid. In response to this, grid companies are offering flexibility contracts to demand-side aggregators like Electric Miles, presenting a substantial £3Bn market opportunity.
The company recently secured an £800.00K Seed Round investment on 31 January 2022, with backing from notable investors such as Cambridge Capital, Low Carbon Innovation Fund, Blue Lake VC, and Vip Amin. Electric Miles' innovative approach and strategic positioning make it a compelling player in the energy industry, with the potential for significant growth and impact on the future of EV charging.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Seed Round | £800.00K | 4 |
|
31 Jan 2022 |
| Seed Round | Unknown | - | 20 Dec 2020 | |
| Pre Seed Round | £130.00K | - | 01 May 2020 |
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