charging

charging

courtesy of Xeal Energy

Xeal Energy, a high tech charging infrastructure company focused on apartment buildings and commercial real estate properties, secured $40 million dollars in Series B funding this week. Keyframe Capital led the round and ArcTern Ventures, Moderne Ventures, Ramez Naam, Nexus Labs, Wind Ventures and Alpaca VC also contributed.

For the last few years, Xeal has prided itself on going after customers that have typically been overlooked in the charging market. When dot.LA spoke with cofounder and CEO Alexander Isaacson, he’d just gotten back from a trip from Chicago where he’d been attending a senior living conference to see if there was a fit for chargers in retirement homes or assisted living communities. “It's cool to see other asset types—not just apartments and workplaces, but new types of buildings—starting to think about charging stations,” said Isaacson.

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