This funding milestone accelerates DeCharge’s mission to expand to 3,000+ locations across the US, Europe, Middle East, and emerging economies. As part of DeCharge’s next-generation EV charging network, the company will be extending the reach of VoltBox (Fast Charging DC Chargers) across key highway corridors, logistics hubs, and urban centers, ensuring charging stations are available where drivers actually need them. DeCharge’s H3 Spatial Indexing will also ensure that chargers are deployed in underserved regions, filling gaps in high-demand areas before they become a problem.
The round was led by Lemniscap, with participation from Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser Chainyoda Jedis, and Levitate Labs. The round was also backed by several notable angels including Nom (Creator of Bonk), Shek (Superteam/Solana), Arnold Lee, Co-founder and CEO of Spherelabs; Vibhu Norby (Founder and CEO of DripHaus), Manan Patel, Founder of DeSights AI; and Mathieu Baudet, Founder of Linera.
Today, for every 33 EVs, there is only a single charger – a bottleneck that is being exacerbated by the ongoing proliferation of autonomous drones and robots. Traditional chargers lack the scalability, efficiency, and intelligence needed to support this exponential growth. According to a report by the International Energy Agency, electric vehicle sales in the first quarter of 2024 increased by approximately 25% compared to the same period in 2023, maintaining a growth rate similar to the year-on-year expansion observed in early 2022.
DeCharge is expanding EV charging infrastructure with a network of DC fast chargers and DeCharge Beast chargers, designed to provide high-speed, accessible, and intelligent charging solutions. By combining ultra-fast DC charging for highways and urban hubs with decentralized DeCharge Beast chargers for everyday use, DeCharge is building a user-first energy network that eliminates range anxiety and ensures seamless, affordable charging for EVs, fleets, robots, and future autonomous vehicles. DeCharge’s AI-powered dynamic pricing and smart routing system is also designed to optimize grid loads, reduce congestion, and enhance the user experience.
DeCharge says its permissionless, community-driven deployment model also enables anyone to become a host, accelerating nationwide access to reliable charging, while giving hosts the chance to earn from charging, advertising, digital displays, and commercial leasing opportunities.
Future plans also include the launch of the DeCharge Energy Marketplace, a fully tokenized energy marketplace where EV owners, businesses, and grid operators participate in a self-sustaining energy economy. DeCharge will also be scaling tokenized incentives for charger hosts, fleet operators, and EV users to drive adoption and participation.
Roderik van der Graaf, founder and managing partner of Lemniscap, said: “DeCharge is in prime position to disrupt the traditional EV charging landscape by creating an autonomous, intelligent, and accessible charging network that supports the growing number of electric vehicles worldwide. We wholeheartedly support the team’s mission to create a more sustainable and efficient EV charging network that will accommodate the expanding ecosystem of EVs, autonomous fleets and electrified logistics systems.”
Dr. Prakash Kamaraj, co-founder of DeCharge, said: “Our vision is to build the most efficient, intelligent, and future-ready EV charging network. Securing financial backing from some of the most reputable Web3 investors is a huge endorsement for our platform, giving us the financial runway to scale rapidly and continue to integrate renewable energy sources, creating a seamless, cost-effective charging experience for all EV owners.”
