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Coulomb technologies announces completion of series d financingraising $47.5 million by icdenta icdenta





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Coulomb technologies announces completion of series d financingraising $47.5 million by
Article Posted: 06/29/2012
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Coulomb technologies announces completion of series d financingraising $47.5 million


 
Business,Business News,Business Opportunities
CAMPBELL, CA--May 7, 2012: Coulomb Technologies, Inc, the leadingelectric vehicle (EV) charging solutions provider, today announcedthat it has secured $47.5 million of financing. Braemar EnergyVentures and Kleiner Perkins Caufield & Byers led the financing andwere joined by Toyota Tsusho Corporation and existing investor RhoVentures. Existing investors including Voyager Capital, SiemensVenture Capital GmbH, Harbor Pacific Capital Partners and HartfordVentures also participated. The financing will enable Coulomb toexpand its operations and further grow the ChargePoint Network,the largest network of independently owned charging stations in theworld, and expand the deployment of its next generation cloud-basedcharging solutions for electric vehicles.

Additionally, Coulombwill expand its position in both existing and new markets. ScottDePasquale from Braemar and Michael Linse from Kleiner Perkins havejoined Coulomb's Board of Directors. "With this financing, we are well positioned to acceleratethe deployment of our EV charging solutions and further solidifyour position as the market leader. These funds enable us to providecloud-based solutions to cities, retailers, employers, parkingoperators and property managers that will drive the adoption ofclean transportation." "Our new investors bring a wealth of industry acumen and expertisein driving commercial scale around innovative technologies," saidPat Romano, president and chief executive officer of CoulombTechnologies.

"With this financing, we are well positioned toaccelerate the deployment of our EV charging solutions and furthersolidify our position as the market leader. These funds enable usto provide cloud-based solutions to cities, retailers, employers,parking operators and property managers that will drive theadoption of clean transportation." Coulomb has seen significant market adoption of its networkedhardware and cloud-based service plans. EV drivers utilize theChargePoint Network thousands of times a day to service their EVcharging needs. Coulomb works closely with automobile manufacturersincluding Nissan, BMW, Ford, GM, and Fisker Automotive enablingtheir customers to easily find, reserve and pay for EV chargingservices.

The ChargePoint Network provides the most feature-richsolution for station owners and EV drivers alike, with innovationsin software services from mobile applications to vehicletelematics. Coulomb's charging solutions provide station owners thetools they need to help better manage their charging services,including the ability to track station utilization and energycosts, set pricing, process payments and provide driver support. "Coulomb delivers EV charging solutions that go beyond simplyproviding charging stations," said Scott DePasquale, partner atBraemar Energy Ventures. "Coulomb was the first company to developand patent networked EV charging solutions.

Their approachholistically addresses the business needs in each distinct segmentof the market. We look forward to supporting the company'sworldwide growth in the coming years." "Kleiner Perkins invests in pioneering industry leaders, companiesthat define their technology category, as Coulomb has with itsChargePoint solution," said Michael Linse, partner at KleinerPerkins Green Growth Fund. "We invested in Coulomb because of itscritical role in enabling clean vehicle technology, its innovativeproducts and software, and the scale of the ChargePoint Network.2012 has seen the release of mass-market plug-in vehicles from themajor global manufacturers and Coulomb is there to support theindustry with reliable high-quality charging solutions. ChargePointcontinues to enhance the driver's experience by providing necessaryinfrastructure, driver services and innovative features that makethe transition from petroleum to clean energy seamless." About Coulomb Technologies, Inc.

Coulomb Technologies is the leading electric vehicle chargingsolutions company. Coulomb's ChargePoint Network is the largestonline global charging network connecting electric vehicle driversto charging stations in 14 countries. Coulomb also providesChargePoint Network service plans and cloud-based solutions thathandle all driver billing and support. Coulomb's products provideorganizations the control and flexibility they need to optimizeperformance of their electric vehicle charging operations. TheChargePoint Network is currently dispensing over 462 Megawatt hoursof energy each month, with drivers plugging in for more than 2600charging sessions per day.

About Braemar Energy Ventures Braemar Energy Ventures is a venture capital fund making early- tomid-stage investments in the energy technology sector. The firm'sprincipals have invested in more than 60 companies in the sectorand have more than 100 years of combined technical, operational andfinancial experience in energy and energy-related industries.Braemar partners with exceptional companies and management teams inboth alternative and traditional energy markets that can contributeto a more profitable and efficient energy landscape throughinnovation and marketplace expertise. Additional information isavailable at Braemar Energy . About Kleiner Perkins Caufield & Byers Since its founding in 1972, Kleiner Perkins Caufield & Byers hasbacked entrepreneurs in more than 500 ventures including AOL,Amazon.com, Citrix, Compaq, Electronic Arts, Genentech, GenomicHealth, Google, Intuit, Juniper Networks, Netscape, Sun, Symantec,Verisign, WebMD and Zynga.

KPCB portfolio companies employ morethan 350,000 people worldwide. More than 150 of the firm'sportfolio companies have gone public, and many other KPCB ventureshave achieved success through mergers and acquisitions. KPCBfocuses its global investments in three practice areas -- digital,greentech and life sciences -- and provides entrepreneurs withcompany-building expertise out of its offices in Silicon Valley,Beijing and Shanghai. For more information visit KPCB at KPCB . Toyota Tsusho Corporation Toyota Tsusho Corporation, a member of Toyota group is a generaltrading company that develops business together with over 400consolidated Group companies in Japan and overseas and withcustomers around the world, via a global network covering Japan andmore than 60 other countries worldwide.

Toyota Tsusho's GreenMobility Solution Group focusing on electric mobility relatedbusiness will work closely with Coulomb to focus efforts on nextgeneration electric vehicle charging related business opportunitiesin Asia. For more information visit Toyota Tsusho at Toyota Tsusho . About Rho Ventures Rho Ventures has a multi-stage investing strategy focused onhigh-growth companies in large markets. Rho Ventures' investmentsspan new media, healthcare, IT, communications, energy technologyand other disruptive technologies.

Rho Ventures brings nearly 30years of venture experience having invested in more than 200companies, combined with its partners' deep sector expertise andits far-reaching network to assist each portfolio company. Thisapproach has allowed Rho to participate in the growth of some oftoday's most innovative and successful companies. Rho Ventures iscurrently investing from Rho Ventures VI, a $510 million fund. Thefirm has offices in Palo Alto, New York and Montreal, withinvestments across the globe.

RHO .

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