Motor Announces $7 Million Series A Investment To Accelerate Adoption Of Electric Vehicles
Amount Raised
$7 Million
Round Type
Series A
ArlingtonEnergyRenewable EnergyInvestors
Description
Motor, which provides a consumer electric vehicle (EV) adoption platform for electric utilities, announced today that it closed a $7 million Series A investment round co-led by The AES Corporation (NYSE: AES) and Mitsubishi Corporation (TYO: 8058).
Quick answer
Motor raised $7 Million in a Series A round, dated February 7, 2023. Investors: Mitsubishi Corporation and The AES Corporation. Motor is based in Arlington, Massachusetts, United States.
- How much did Motor raise?
- Motor raised $7 Million in a Series A round on February 7, 2023.
- Who invested in Motor?
- Mitsubishi Corporation and The AES Corporation are named as investors in this round.
- What does Motor do?
- Incubated out of AES, Motor partners with utilities to accelerate consumer adoption of electric vehicles.
- Where is Motor based and how big is it?
- Motor is based in Arlington, Massachusetts, United States.
Source: Fundz verified event record.
Who else raised in Energy and Renewable Energy around the same time
Companies in the same sectors as Motor that raised within 45 days of this round, from Fundz verified event records.
- Bioenergy Devco raised an undisclosed amount (Funding Round) on March 20, 2023.
- Phytonics raised an undisclosed amount (Series A) on March 16, 2023.
- MDWerks raised $83K on March 14, 2023.
- Modern Hydrogen raised $33M on March 14, 2023.
- Navisun raised $235M (Funding Round) on March 13, 2023.
- W2E CLEANTECH ENERGY raised an undisclosed amount (Funding Round) on March 9, 2023.
Who to call at Motor, and when
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Funding Insights
What this usually meansMotor raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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