World News – CA – SemaConnect receives investment from Trilantic North America

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SemaConnect, a Bowie, MD- provider of electric vehicle charging infrastructure solutions for the North American commercial, residential and fleet markets, has received a substantial minority investment from Trilantic North America

This investment will accelerate the company’s expansion among its current commercial, residential and fleet customers, and facilitate team growth

Founder and CEO Mahi Reddy and COO Mark Pastrone continue to own a significant stake in the company and will lead the company through its next phase of growth Funds managed by Pear Tree Partners, LP, who led the previous funding rounds, will also continue to hold a significant minority stake in the company

SemaConnect is a provider of electric vehicle charging infrastructure solutions for the North American commercial, residential and fleet market.A comprehensive EV support partner, the company offers a modern real estate experience through charging stations and a open network platform

With more than 10,000 smart charging stations sold nationwide to date, the company is one of the largest integrated electric vehicle charging providers providing both charging hardware and software based on the cloud, which creates a connected network through each of its stations

Electric vehicle pioneer and industry veteran Tony Posawatz, who is currently President and CEO of automotive technology consulting firm Invictus iCar LLC and previously led by General Motors Co. Volt’s plug-in hybrid program Volt and served as CEO of Fisker Automotive, joined Trilantic North America as a new senior advisor to enhance its investments in the space Posawatz will work closely with the SemaConnect team to support its growth

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Trilantic Capital Partners, SemaConnect, Private Equity, Finance, Charging station, Electric vehicle

News from around the world – CA – SemaConnect receives investment from Trilantic North America


SOURCE: https://www.w24news.com

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