With 1,200 active vehicles on our platform that perform 5,000 swaps daily, this funding is welcomed. The added capital will help us strengthen our battery assignment technology, scale operations to service 10,000 electric vehicles, and expand to three new regions in the coming months. We would like to thank all our investors and the entire […]
BP Invests $7 Million in Electric Vehicle Charging Firm
Oil company BP is joining a host of other oil companies with its $7 million investment in IoTecha for electric vehicle (EV) charging. Earlier this year, Shell said it will install more than 500,000 new charging stations by 2025 to meet growing demand globally for EVs, up from 60,000 active charging points today. IoTecha uses […]
