InCharge Energy Raises $46M in Funding Led by S2G Investments

The company plans to use the funding to expand it's field services business by hiring more technicians and increasing service coverage in key markets. It will also invest in improving its software platform and support its expansion into additional energy related services, and solutions.

Although the number of EV chargers continues to grow, many existing chargers are getting older and becoming less reliable. This has increased the need for maintenance and management services across charging networks.

InCharge has built one of the largest multi-brand EV charger service networks in North America, managing more than 30,000 charging assets. The company serves fleets, school districts, municipalities, and other customers. Its platform, powered by the proprietary InControl™ software, helps operators deploy, monitor, and maintain charging infrastructure at scale.

InControl is InCharge’s software platform for managing EV chargers and other energy assets. It gives customers a single system to monitor, operate, and maintain their energy infrastructure.

The platform provides features such as real-time charger visibility, remote diagnostics, continuous monitoring, energy management, fleet support, and performance optimization. It can resolve about 80% of charger issues remotely using AI-powered tools, while InCharge technicians handle on-site repairs when needed.

InControl also tracks warranties, service contracts, maintenance schedules, subscriptions, asset history and operational data. In addition to EV chargers, it supports battery storage systems, solar equipment, transformers, switchgear, electrical distribution systems, lighting and other energy infrastructure.

InControl is connected to InCharge’s 24/7 operations centers and nationwide field service network. It brings together asset monitoring, maintenance management, and service operations in one platform while automating workflows and coordinating support activities.

By combining asset performance data, service records, contract information and operational insights in a single system, InControl helps organizations improve equipment uptime, lower operating costs, extend asset life and manage large energy and electrical infrastructure networks more efficiently.

“EV charging was the entry point, but our customers increasingly need help operating more complex energy infrastructure,” said Rich Mohr, CEO of InCharge. “This investment from S2G accelerates our evolution into a full energy solutions provider and allows us to advance smarter technology and strengthen our service capabilities nationwide.”

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"Demand for reliable, tech-enabled network operations will only intensify as the installed base of chargers and distributed energy resources continues to expand and mature," said Bala Nagarajan, Managing Director at S2G. “We believe InCharge is exceptionally well-positioned to capture that shift and move the industry from reactive, break-fix maintenance to proactive, performance-driven management. We're looking forward to supporting the team on its next chapter of growth.”

About InCharge Energy

Founded in 2018, InCharge Energy provides EV charging, electrical, lighting, and distributed energy solutions. The company support's customers throughout the entire project lifecycle, from planning, and installation to ongoing operations and maintenance. By offering a single partner for all stages of energy infrastructure management, InCharge Energy helps organizations improve reliability, reduce costs and scale their operations more efficiently.

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