XENDEE Raises $12M Collection A Financing to Speed up Deployments of Web-Zero Distributed Power Programs and Extremely-Quick EV Charging Infrastructure
On June 15, 2022, Cleantech San Diego member and Southern California Power Innovation Community (SCEIN) firm XENDEE, a pacesetter in distributed vitality assets (DER) planning and operation software program, introduced that it raised $12 million in Collection A financing to extend the corporate’s Web-Zero DER and ultra-fast Electrical Car (EV) charging platform deployments.
Anzu Companions led the spherical, with extra financing from TravelCenters of America Inc., (Nasdaq: TA), the nation’s largest publicly traded full-service journey heart community, Evergy Ventures, the non-regulated funding arm of Evergy, Inc. (NYSE: EVRG), and Surlamer Investments.
“We’re happy to announce new financing from these strategic traders and companions that may assist improve XENDEE’s market presence and speed up the worldwide adoption of other vitality techniques wanted to attain superior enterprise outcomes and net-zero carbon emissions targets,” stated Adib Naslé, CEO and Co-Founding father of XENDEE. “We look ahead to working carefully with our new companions to enhance the adoption, supply, and operation of dependable clear vitality techniques worldwide.”
“At TA, we’re strongly dedicated to sustainability and various vitality,” stated Jon Pertchik, Chief Government Officer of TravelCenters of America. “The nation wants a viable infrastructure to extend the adoption of sustainable fuels, and TA’s funding in XENDEE displays our ongoing dedication to this aim. Through the use of an optimized solar-powered microgrid, XENDEE is growing a strong and publicly accessible electrical truck charging supply that’s very best to be used at journey facilities. We imagine it may function a blue-print for deployment and operation of Web-Zero EV quick charging stations nationwide.”
XENDEE’s platform integrates all phases obligatory to attain bankable distributed vitality techniques in a extra clever method that ensures superior enterprise outcomes with unmatched pace and accuracy. It generates refined CFO and engineer-ready reviews for DER venture resolution assist, planning, design, resilience, and real-time operation. XENDEE additionally implements a bodily based mostly financial resolution assist system that {couples} monetary optimization with detailed electrical energy system evaluation to confirm resilience and monetary viability earlier than the primary cable is laid.
Evergy Ventures Vice President Dennis Odell added, “XENDEE’s transformational software program expertise unlocks the DER worth chain by delivering the sophistication and pace electrical utility planners and their prospects have to decarbonize and democratize entry to wash, dependable vitality.”
XENDEE serves authorities and personal entities who share its mission for a cleaner, and extra energy-efficient planet. As the speed of extreme local weather disasters has elevated, the corporate has taken on a number of tasks to assist develop and implement environmentally and financially sustainable zero-carbon DER techniques in geographies most liable to local weather disasters, akin to Puerto Rico, the place in partnership with Idaho Nationwide Labs, the corporate helps to create a zero-carbon microgrid within the mountain area. XENDEE additionally earned the celebrated Edison Gold Award in 2021 within the human vital infrastructure class for the potential of its expertise to rework how the world transitions in direction of resilient and carbon-free various vitality techniques.
XENDEE additionally introduced that Whitney Haring-Smith, managing accomplice at Anzu Companions can be becoming a member of its Board of Administrators.
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