Electric Era Technologies Receives $11.5 Million Investment

Electric Era Technologies received an investment of 11.5 million dollars. It should be noted that Electric Era Technologies has developed special charging stations to ensure fast charging of electric vehicles. According to the report, the Series A investment round was managed by HSBC Asset Management. Participants in the US-based company's investment round are SQM Lithium Ventures, Blackhorn Ventures and Proeza Ventures.

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Electric Era Technologies

What will the company use the new investment for? It announced that it will use the technology it has developed to integrate fast charging stations into retail locations. It will also use it to offer faster and accessible charging to electric vehicle drivers. Electric Era Technologies was launched by Quincy Lee in 2019, and has received an investment of $ 19 million so far. It should be noted that the company has developed special charging stations to ensure fast charging of electric vehicles. This technology was produced by engineers who previously worked at SpaceX.

How does the widespread use of these fast charging stations benefit? It helps electric vehicles make longer distance journeys more practical. It also helps users to use electric vehicles more comfortably and reduce environmental impact. Meanwhile, the company claims that they can charge 100 vehicles at their own charging station every day in less than 10 minutes.