ElectroTempo, an Arlington, VA-based software company that provides planning and intelligence software for electric charging networks, raised $4 million in seed funding. The round was led by Buoyant Ventures, with participation from Schematic Ventures and Zebox Ventures.
The company will use the funds to expand its geographic coverage across the US and develop new features for its software to help industrial site hosts deploy and operate EV charging infrastructure. ElectroTempo's software forecasts EV charging demand and recommends cost-effective equipment and infrastructure investments for its clients.
Led by Dr. Ann Xu, CEO, ElectroTempo has grown from one customer to nine and increased its annual recurring revenue by over 150% since receiving pre-seed funding in January 2022.
