Boston-based Electra Vehicles, a tech startup specializing in cloud-based software tools for EVs, has raised a $21M funding round led by Italian VC United Ventures.
With these fresh funds, Electra Vehicles plans to expand its presence to European markets and open a new office in Turin, Italy.
Electra Vehicles was founded in 2015 by Fabrizio Martini, an energy storage expert who developed a special battery system for a NASA spacecraft.
- The startup offers software solutions designed to advance energy storage capabilities.
- The company’s software solutions leverage AI and cloud technology and are aimed at EVs and electric fleets.
- According to the company website, Electra Vehicles’ EVE-Ai Fleet Analytics and EVE-Ai 360 Adaptive Controls provide fleet-level performance insights, battery-conscious driver recommendations, continuous software updates, and the option to select, simulate, and compare energy storage systems for energy optimization.
