Environment / Investing / Transportation

SemaConnect just raised $15M to expand network of electric car charging stations

It's the third funding round for the Bowie, Md.-based company, which already serves a handful of major real estate companies.

A SemaConnect charging station. (Courtesy photo)

SemaConnect, a Bowie, Md.-based company that makes electronic vehicle charging stations, has raised a $15 million round led by Massachusetts-based Pear Tree Partners. It’s the company’s third funding round.
The company will use this new funding to expand its customer support services, CEO Mahi Reddy said in a press release Monday. “This capital raise enables us to continue to augment our product support and educational resources for our loyal property management customers.”
SemaConnect already serves a handful of major real estate companies, including CBRE, JLL, Hines, Greystar, Cisco Systems and Standard Parking, according to the company release.

SemaConnect also announced the hiring of Kelly McDermott as new director of marketing. McDermott previously worked as marketing operations manager at Smart Logic and as an audience development manager at Rockville-based Access Intelligence.

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