Coulomb Press Release: Announces Completion of Series D Financing Raising $47.5 Million

Coulomb Press Release: Announces Completion of Series D Financing Raising $47.5 Million

Posted on May 7, 2012 in Coulomb Technologies by CFC 0 Comments

Coulomb Technologies, Inc., the leading
electric vehicle (EV) charging solutions provider, today announced that it
has secured $47.5 million of financing. Braemar Energy Ventures and Kleiner
Perkins Caufield & Byers led the financing and were joined by Toyota Tsusho
Corporation and existing investor Rho Ventures.  Existing investors
including Voyager Capital, Siemens Venture Capital GmbH, Harbor Pacific
Capital Partners and Hartford Ventures also participated.  The financing
will enable Coulomb to expand its operations and further grow the
ChargePointR Network, the largest network of independently owned charging
stations in the world, and expand the deployment of its next generation
cloud-based charging solutions for electric vehicles.  Additionally, Coulomb
will expand its position in both existing and new markets.  Scott DePasquale
from Braemar and Michael Linse from Kleiner Perkins have joined Coulomb’s
Board of Directors.

“Our new investors bring a wealth of industry acumen and expertise in
driving commercial scale around innovative technologies,” said Pat Romano,
president and chief executive officer of Coulomb Technologies.  ”With this
financing, we are well positioned to accelerate the deployment of our EV
charging solutions and further solidify our position as the market leader.
These funds enable us to provide cloud-based solutions to cities, retailers,
employers, parking operators and property managers that will drive the
adoption of clean transportation.”

Coulomb has seen significant market adoption of its networked hardware and
cloud-based service plans.  EV drivers utilize the ChargePoint Network
thousands of times a day to service their EV charging needs. Coulomb works
closely with automobile manufacturers including Nissan, BMW, Ford, GM, and
Fisker Automotive enabling their customers to easily find, reserve and pay
for EV charging services.  The ChargePoint Network provides the most
feature-rich solution for station owners and EV drivers alike, with
innovations in software services from mobile applications to vehicle
telematics.  Coulomb’s charging solutions provide station owners the tools
they need to help better manage their charging services, including the
ability to track station utilization and energy costs, set pricing, process
payments and provide driver support.

“Coulomb delivers EV charging solutions that go beyond simply providing
charging stations,” said Scott DePasquale, partner at Braemar Energy
Ventures. “Coulomb was the first company to develop and patent networked EV
charging solutions.  Their approach holistically addresses the business
needs in each distinct segment of the market. We look forward to supporting
the company’s worldwide growth in the coming years.”

“Kleiner Perkins invests in pioneering industry leaders, companies that
define their technology category, as Coulomb has with its ChargePoint
solution,” said Michael Linse, partner at Kleiner Perkins Green Growth Fund.
“We invested in Coulomb because of its critical role in enabling clean
vehicle technology, its innovative products and software, and the scale of
the ChargePoint Network.  2012 has seen the release of mass-market plug-in
vehicles from the major global manufacturers and Coulomb is there to support
the industry with reliable high-quality charging solutions.  ChargePoint
continues to enhance the driver’s experience by providing necessary
infrastructure, driver services and innovative features that make the
transition from petroleum to clean energy seamless.”

About Coulomb Technologies, Inc.
Coulomb Technologies is the leading electric vehicle charging solutions
company. Coulomb’s ChargePoint Network is the largest online global charging
network connecting electric vehicle drivers to charging stations in 14
countries. Coulomb also provides ChargePoint Network service plans and
cloud-based solutions that handle all driver billing and support. Coulomb’s
products provide organizations the control and flexibility they need to
optimize performance of their electric vehicle charging operations. The
ChargePoint Network is currently dispensing over 462 Megawatt hours of
energy each month, with drivers plugging in for more than 2600 charging
sessions per day.  For more information please visit www.coulombtech.com.

About Braemar Energy Ventures
Braemar Energy Ventures is a venture capital fund making early- to mid-stage
investments in the energy technology sector. The firm’s principals have
invested in more than 60 companies in the sector and have more than 100
years of combined technical, operational and financial experience in energy
and energy-related industries. Braemar partners with exceptional companies
and management teams in both alternative and traditional energy markets that
can contribute to a more profitable and efficient energy landscape through
innovation and marketplace expertise. Additional information is available at
www.braemarenergy.com.

About Kleiner Perkins Caufield & Byers
Since its founding in 1972, Kleiner Perkins Caufield & Byers has backed
entrepreneurs in more than 500 ventures including AOL, Amazon.com, Citrix,
Compaq, Electronic Arts, Genentech, Genomic Health, Google, Intuit, Juniper
Networks, Netscape, Sun, Symantec, Verisign, WebMD and Zynga. KPCB portfolio
companies employ more than 350,000 people worldwide. More than 150 of the
firm’s portfolio companies have gone public, and many other KPCB ventures
have achieved success through mergers and acquisitions. KPCB focuses its
global investments in three practice areas – digital, greentech and life
sciences – and provides entrepreneurs with company-building expertise out of
its offices in Silicon Valley, Beijing and Shanghai. For more information
visit KPCB at www.kpcb.com.

Toyota Tsusho Corporation
Toyota Tsusho Corporation, a member of Toyota group is a general trading
company that develops business together with over 400 consolidated Group
companies in Japan and overseas and with customers around the world, via a
global network covering Japan and more than 60 other countries worldwide.
Toyota Tsusho’s Green Mobility Solution Group focusing on electric mobility
related business will work closely with Coulomb to focus efforts on next
generation electric vehicle charging related business opportunities in Asia.
For more information visit Toyota Tsusho at www.toyota-tsusho.com/english/.

About Rho Ventures
Rho Ventures has a multi-stage investing strategy focused on high-growth
companies in large markets. Rho Ventures’ investments span new media,
healthcare, IT, communications, energy technology and other disruptive
technologies. Rho Ventures brings nearly 30 years of venture experience
having invested in more than 200 companies, combined with its partners’ deep
sector expertise and its far-reaching network to assist each portfolio
company. This approach has allowed Rho to participate in the growth of some
of today’s most innovative and successful companies.  Rho Ventures is
currently investing from Rho Ventures VI, a $510 million fund. The firm has
offices in Palo Alto, New York and Montreal, with investments across the
globe. www.rho.com.

Tags: Chargepoint, Company News, coulomb, Coulomb Technologies, Electric Car, Electric Vehicle, Electric Vehicle Charger, EV