XENDEE Raises $12M Sequence 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 assets (DER) planning and operation software program, introduced that it raised $12 million in Sequence A financing to extend the corporate’s Internet-Zero DER and ultra-fast Electrical Automobile (EV) charging platform deployments.
Anzu Companions led the spherical, with further financing from TravelCenters of America Inc., (Nasdaq: TA), the nation’s largest publicly traded full-service journey middle 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 buyers and companions that can assist enhance XENDEE’s market presence and speed up the worldwide adoption of different vitality programs wanted to attain superior enterprise outcomes and net-zero carbon emissions targets,” mentioned Adib Naslé, CEO and Co-Founding father of XENDEE. “We sit up for working carefully with our new companions to enhance the adoption, supply, and operation of dependable clear vitality programs worldwide.”
“At TA, we’re strongly dedicated to sustainability and various vitality,” mentioned 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 purpose. By utilizing an optimized solar-powered microgrid, XENDEE is creating a robust and publicly accessible electrical truck charging supply that’s perfect to be used at journey facilities. We consider it may function a blue-print for deployment and operation of Internet-Zero EV quick charging stations nationwide.”
XENDEE’s platform integrates all levels vital to attain bankable distributed vitality programs in a extra clever manner that ensures superior enterprise outcomes with unmatched pace and accuracy. It generates subtle CFO and engineer-ready reviews for DER undertaking 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 clients must 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 programs in geographies most vulnerable to local weather disasters, similar 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 essential infrastructure class for the potential of its expertise to rework how the world transitions in direction of resilient and carbon-free various vitality programs.
XENDEE additionally introduced that Whitney Haring-Smith, managing companion at Anzu Companions can be becoming a member of its Board of Administrators.
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