Electriphi, an electric vehicle fleet and energy management provider, announced last week that it raised $3.5M in funding to enhance customer growth and enter new markets.
This funding round was led by Wireframe Ventures, the Urban Innovation Fund, and Blackhorn Ventures, and included participation from Acario Innovation and Lemnos Labs.
Electriphi offers comprehensive fleet and energy solutions that it says reduce operational costs and accelerate infrastructure and electric vehicle deployment. According to the company, its technology incorporates machine learning algorithms in order to accomplish day-to-day challenges.
In addition to the funding, Electriphi also announced that it has signed a contract with the Twin Rivers Unified School District, located in Sacramento, California to help it manage charging of its electric school busses.
“Twin Rivers Unified School District has the largest fleet of electric school buses in North America, and our ambition is to transition to a fully electric fleet in the coming years,” said Tim Shannon, transportation services director, Twin Rivers Unified School District.
“This is a significant undertaking, and we needed a trusted partner that could provide us state-of-the-art charging management and help us with data collection and monitoring,” he added.
Muffi Ghadiali, Electriphi’s Co-founder and CEO stated, “Our customers have been clear – the transition to clean transportation is inevitable and they need fleet and energy management solutions to keep their vehicles charged and ready, while keeping operational costs in check. Our open architecture and standards-based approach has demonstrated scalability by signing customers across various industry segments and deploying across a variety of charging infrastructure and vehicle OEMs.”
Electriphi says that its solution is compatible with any charging infrastructure or vehicle type.
“There are millions of public and commercial fleet vehicles in the U.S. alone that we rely on daily for transportation, delivery and services,” said Paul Straub, managing partner, Wireframe Ventures. “Many of these are beginning to consider electrification and the opportunity is tremendous.”
Julie Lein, managing partner at Urban Innovation Fund said, “We are at the cusp of a great economic transition to electric-powered mobility. And Electriphi has built a best-in-class technology to help fleets manage this transition.”
Electriphi recently won DISTRIBUTECH 2020’S Initiate! Competition. Play the video below to hear more about the company from co-founder Muffi Ghadiali.