In-Charge Energy Announces Series A Funding

Greg Callman, who led the development of Tesla’s global Supercharger program, will join the Board of Directors.

In-Charge Energy, a new player which hopes to break into the EV charging infrastructure business with end-to-end turnkey commercial solutions, announced series A funding, led by Macquarie Capital and ABB Technology Ventures.

ABB Technology Ventures’ presence probably means that DC fast chargers, or at least other electrical equipment, will be manufactured by ABB.

“In-Charge tailors electric vehicle charging systems to private and public commercial fleets, electric vehicle manufacturers, ride-share operators, municipalities and commercial facilities owners. Its founding team of Chief Executive Officer Cameron Funk and Chief Operating Officer Terry O’Day is among the most experienced in EV charging infrastructure, with executive experience covering ABM, NRG Energy, EVgo, innogy eMobility, and Edison International. Mr. Funk previously led Innogy eMobility as CEO, while Mr. O’Day previously led North American strategy for innogy e-Mobility US, a division of Innogy SE. 

In-Charge provides pioneering turnkey energy and electric vehicle (EV) charging infrastructure solutions as a service to customers of Ryder System, Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions.”

While the financial details were not disclosed, one of the most important things about it is that Greg Callman, Senior Managing Director and Global Head, Energy Technology at Macquarie Capital will now join In-Charge Energy’s Board of Directors.

Greg Callman led several charging infrastructure programs at Tesla, so an investment in In-Charge Energy by a veteran suggests a promising future:

“Mr. Callman’s Global Energy Technology team invests in companies and infrastructure across a range of areas, including electrification, distributed energy and energy storage. Callman joined Macquarie Capital from Tesla, where he served as Global Director of Business Development and Market Entry for Tesla Energy.

At Tesla, Callman led the development of Tesla’s global Supercharger program; the development of the fleet electrification program for the Class 8 Truck and the market entry and growth of Tesla’s energy storage business from pilot projects to a global portfolio across residential, commercial and utility segments, including the first battery-backed DC charging stations.”

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