XENDEE Raises $12M Collection A Financing to Speed up Deployments of Internet-Zero Distributed Vitality Programs and Extremely-Quick EV Charging Infrastructure
On June 15, 2022, Cleantech San Diego member and Southern California Vitality Innovation Community (SCEIN) firm XENDEE, a pacesetter in distributed vitality sources (DER) planning and operation software program, introduced that it raised $12 million in Collection A financing to extend the corporate’s Internet-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 can 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 objectives,” mentioned Adib Naslé, CEO and Co-Founding father of XENDEE. “We sit up for working intently 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 different vitality,” mentioned Jon Pertchik, Chief Govt 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 creating a robust and publicly accessible electrical truck charging supply that’s best to be used at journey facilities. We imagine it may function a blue-print for deployment and operation of Internet-Zero EV quick charging stations nationwide.”
XENDEE’s platform integrates all levels mandatory to attain bankable distributed vitality techniques in a extra clever manner that ensures superior enterprise outcomes with unmatched velocity and accuracy. It generates subtle CFO and engineer-ready experiences for DER mission choice help, planning, design, resilience, and real-time operation. XENDEE additionally implements a bodily based mostly financial choice help 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 know-how unlocks the DER worth chain by delivering the sophistication and velocity electrical utility planners and their prospects have to decarbonize and democratize entry to scrub, 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 initiatives to assist develop and implement environmentally and financially sustainable zero-carbon DER techniques in geographies most vulnerable to local weather disasters, comparable 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 distinguished Edison Gold Award in 2021 within the human crucial infrastructure class for the potential of its know-how to rework how the world transitions in the direction of resilient and carbon-free different vitality techniques.
XENDEE additionally introduced that Whitney Haring-Smith, managing associate at Anzu Companions can be becoming a member of its Board of Administrators.
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