ImpactAlpha, February 15 — More electric vehicles on the road means more demand for EV chargers that work. Broken and unreliable chargers have become a headache for EV owners – and an opportunity for third-party charger repair companies like South L.A.-based ChargerHelp.
Launched in 2020 by Kameale Terry and Evette Ellis, ChargerHelp has raised $17.5 million in a Series A funding round for its technology and repair services. Demand has “rapidly increased with more companies and municipalities recognizing the demand for cleaner, more sustainable and reliable solutions,” said Terry.
ChargerHelp plans to expand its reliability-as-a-service offering and grow its workforce development program. The company hires and trains electric vehicle service technicians while paying them at least $30 an hour and sharing equity in the company.
EV charging uptime
ChargerHelp says it is seeing monthly revenue growth and increased customer traction, and its technicians are helping customers meet the 97% uptime required by the National Electric vehicle Infrastructure Formula Program, or NEVI Formula.
The NEVI Formula was established by the U.S. Department of Transportation to provide states funding to strategically deploy EV charging infrastructure and set up an interconnected network to facilitate data collection, access and reliability.
“Since our initial investment, we have seen growing momentum in uptime reliability and ChargerHelp has directly serviced that market need from day one,” said Vida Asiegbu of Energy Impact Partners, which backed the round alongside Blue Bear Capital, Aligned Climate Capital and others.