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Electriphi raises $3.5 million to boost EV fleets in the U.S.

Electriphi raises $3.5 million to boost EV fleets in the U.S.
Electriphi raises $3.5 million to boost EV fleets in the U.S.
  • Twin Rivers Unified School District teamed up with Electriphi to offer state-of-the-art charging management and simplify the process of monitoring and data collection.
  • A slew of commercial and public fleet vehicles is bracing to embrace electrification in the U.S.
Electriphi, an Electric vehicle (EV) fleet and energy management startup, has joined a sea of startups seeking to render services to the perpetually rising number of EV fleets in the U.S. The startup has raised $3.5 million in seed funding from investors, comprising the Urban Innovation Fund, Wireframe Ventures and Blackhorn Ventures. Reportedly, Acario Innovation and Lemnos Labs also took part in the round. Electriphi’s success stories go in line with the Twin Rivers Unified School District in Sacramento, California which is believed to be the first school district in the U.S. to use zero-emission electric school buses. Tim Shannon, transportation services director at Twin Rivers Unified School District, is reported to have expressed desire to embrace a fully electric fleet in the years to come. It is worth noting that Twin Rivers Unified School District, which allegedly has the largest fleet of electric school buses in North America, teamed up with Electriphi to offer state-of-the-art charging management and simplify the process of monitoring and data collection. Electriphi is banking on the experience of co-founder, Muffi Ghadiali, who spearheaded hardware and software development for fast charging infrastructure. Managing partner at Wireframe Ventures Paul Straub noted that are millions of public and commercial fleet vehicles in the U.S. alone who count on transportation for daily delivery and services. He emphasized that a slew of commercial and public fleet vehicles is bracing to embrace electrification. About Electriphi Founded in 2018, San Francisco-based startup Electriphi, Inc. works on EV fleet and energy management solutions to save energy cost, simplify the transition to EV fleets and bolster reliability. Source credit: https://techcrunch.com/2020/02/20/ev-fleet-management-gets-another-venture-backed-contender-as-electriphi-raises-3-5-million/

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Vinisha Joshi

Despite graduating with an engineering degree in electronics and communication, Vinisha Joshi chose the road less travelled, and decided to pursue her career in content writing . Currently, she pens down articles for cuereport.com and a few other distinguished news platforms, pertaining to business and finance.