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.

Before you go...

Please consider supporting to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!


Top 3 vital trends founders should know before pitching investors in 2024

Leaders at Baltimore Region Investment Summit praise collaboration and push for equitable growth — EDA funding or not

DC lands $1.7B in Q2 venture capital, double the previous quarter’s raise

5 assistive tech platforms to propel the future of work for people with disabilities

Technically Media