Coulomb Technologies raises $47.5M
Coulomb Technologies Inc. said on Monday it has raised $47.5 million in a fourth round of venture funding.
The Campbell-based developer of charging networks for electric vehicles said that the round was led by New York-based Braemer Energy Ventures and Menlo Park, Calif.-based Kleiner Perkins Caufield & Byers.
Nagoya, Japan-based Toyota Tsusho Corp. and existing investor New York-based Rho Ventures also participated.
Coulomb said the financing will help it to expand its operations and further grow of its ChargePoint Network, which it said is the largest network of independently owned charging stations in the world. It said it will also help it to expand the deployment of its cloud-based charging solutions for electric vehicles.
Scott DePasquale from Braemar and Michael Linse from Kleiner Perkins have joined Coulomb’s board of directors.
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