Coulomb Technologies, a company that makes charging stations for electric vehicles, announced it has secured $3.75 million in Series A funding led by Estag Capital AG of Berlin, Germany.
Coulomb has developed the ChargePoint™ Network, that the company hopes will become part of the infrastructure for future fleets of plug-in eletric vehicles. Unlike competitor Better Place, which today announced funding for a network in Denmark, Coulomb does not want to own the charging stations.
The company expects to generate revenue by selling the charging stations. It said about 100 were sold last year, and it expects to sell another 1000 this year at a price of about $3000.
The funding will enable Coulomb to continue with rollout plans for a ChargePoint Network. Additionally, the funding will be used for engineering, marketing and business development, the company said.
Coulomb's ChargePoint Network is meant to address needs of drivers, utilities, governments and parking space owners. Consumers subscribe to the ChargePoint Network and receive a ChargePoint Smart Card that allows them to charge their car at any Smartlet™ Charging Station worldwide for a monthly fee of roughly $9 to $80, depending on their level of use.
The locations of charging stations can be found at www.mychargepoint.net.
Coulomb Technologies is headquartered in Campbell, California.
