IoTecha Inc

IoTecha Inc specializes in advanced electric vehicle (EV) charging technology, providing smart, cloud-based solutions that integrate charging infrastructure with the power grid, aimed at enhancing user experiences and operational efficiency. Founded in 2015, IoTecha Inc operates from Cranbury, US, focusing on developing innovative electric vehicle charging solutions. The company has raised GBP 5 million in its latest funding round on June 22, 2021, led by BP Ventures, to bolster its operations. Oleg Logvinov serves as the CEO.

IoTecha specializes in advanced electric vehicle (EV) charging technology and cloud-based solutions through its IoT. ON™ platform, which integrates smart charging infrastructure with the power grid. The company's core offerings include Level 2 charging solutions designed for ease of use, cost-effectiveness, and adaptability to diverse operational demands. These chargers support various network interfaces, smart charging capabilities, and implement ISO 15118 features for high-level communication with electric vehicles, including Plug and Charge functionality.

IoTecha's clientele includes fleet operators and charge point operators, focusing on markets in Europe and North America, where demand for sustainable charging solutions is rapidly increasing. The deployment of these technologies addresses critical challenges in the EV charging infrastructure, aiming to streamline operations, reduce costs, and enhance user experience for electric vehicle drivers. IoTecha generates revenue primarily through the sale of its charging solutions and related cloud services. The company operates on a business-to-business (B2B) model, collaborating with automotive manufacturers and charge point operators to provide tailored solutions that meet specific operational needs.

Typical transactions involve procuring Level 2 chargers and subscribing to IoT. ON™ cloud services, providing ongoing updates and support for system integration. The company's Combined Charging System on Module (CCSoM) serves as a flagship product, enabling manufacturers to rapidly develop smart charging solutions, with contracts often spanning multiple years to ensure long-term support and service. In June 2021, IoTecha Inc raised GBP 5 million in venture funding, part of a larger GBP 9.

5 million Series B financing, to scale its operations through BP’s electrification network. The funding will support the development of new products and solutions to meet the growing demand for EV infrastructure. The company plans to expand its presence in Europe and North America, targeting increased market share by 2023, leveraging its innovative charging technologies to address the evolving needs of electric vehicle users.