San Francisco-based EV charging startup, Orange, has closed a $2.5 million pre-seed funding round, led by Baukunst and featuring Tesla co-founders Marc Tarpenning and Martin Eberhard, among others. Orange plans to make EV charging accessible to disadvantaged communities by deploying affordable charging solutions at apartment communities, with its “Orange Outlet” product reducing charging costs for up to 39 million Americans by 70% over traditional solutions.
Orange’s proprietary software, OrangeNet, also allows property owners to manage outlets across multiple sites, with an average return on investment of 150%. The solution includes lower-powered 120-volt and 240-volt solutions, with more stations added on the same circuit to provide EV charging to the maximum number of residents at any property.
Source: Orange press release
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