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XENDEE Raises $12M Sequence A Financing to Speed up Deployments of Internet-Zero Distributed Vitality Techniques and Extremely-Quick EV Charging Infrastructure

XENDEE Raises $12M Sequence A Financing to Speed up Deployments of Internet-Zero Distributed Vitality Techniques and Extremely-Quick EV Charging Infrastructure

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On June 15, 2022, Cleantech San Diego member and Southern California Vitality Innovation Community (SCEIN) firm XENDEE, a pacesetter in distributed vitality assets (DER) planning and operation software program, introduced that it raised $12 million in Sequence A financing to extend the corporate’s Internet-Zero DER and ultra-fast Electrical Car (EV) charging platform deployments.


Anzu Companions led the spherical, with further financing from TravelCenters of America Inc., (Nasdaq: TA), the nation’s largest publicly traded full-service journey middle community, Evergy Ventures, the non-regulated funding arm of Evergy, Inc. (NYSE: EVRG), and Surlamer Investments.


“We’re happy to announce new financing from these strategic buyers and companions that can assist enhance XENDEE’s market presence and speed up the worldwide adoption of different vitality techniques wanted to realize superior enterprise outcomes and net-zero carbon emissions targets,” stated Adib Naslé, CEO and Co-Founding father of XENDEE. “We sit up for working intently with our new companions to enhance the adoption, supply, and operation of dependable clear vitality techniques worldwide.”


“At TA, we’re strongly dedicated to sustainability and various vitality,” stated Jon Pertchik, Chief Govt Officer of TravelCenters of America. “The nation wants a viable infrastructure to extend the adoption of sustainable fuels, and TA’s funding in XENDEE displays our ongoing dedication to this objective. Through the use of an optimized solar-powered microgrid, XENDEE is creating a robust and publicly accessible electrical truck charging supply that’s perfect to be used at journey facilities. We imagine it may function a blue-print for deployment and operation of Internet-Zero EV quick charging stations nationwide.”


XENDEE’s platform integrates all levels obligatory to realize bankable distributed vitality techniques in a extra clever method that ensures superior enterprise outcomes with unmatched velocity and accuracy. It generates subtle CFO and engineer-ready experiences for DER challenge determination help, planning, design, resilience, and real-time operation. XENDEE additionally implements a bodily primarily based financial determination help system that {couples} monetary optimization with detailed electrical energy system evaluation to confirm resilience and monetary viability earlier than the primary cable is laid.


Evergy Ventures Vice President Dennis Odell added, “XENDEE’s transformational software program expertise unlocks the DER worth chain by delivering the sophistication and velocity electrical utility planners and their prospects have to decarbonize and democratize entry to scrub, dependable vitality.”


XENDEE serves authorities and personal entities who share its mission for a cleaner, and extra energy-efficient planet. As the speed of extreme local weather disasters has elevated, the corporate has taken on a number of initiatives to assist develop and implement environmentally and financially sustainable zero-carbon DER techniques in geographies most vulnerable to local weather disasters, comparable to Puerto Rico, the place in partnership with Idaho Nationwide Labs, the corporate helps to create a zero-carbon microgrid within the mountain area. XENDEE additionally earned the distinguished Edison Gold Award in 2021 within the human essential infrastructure class for the potential of its expertise to rework how the world transitions in direction of resilient and carbon-free various vitality techniques.


XENDEE additionally introduced that Whitney Haring-Smith, managing associate at Anzu Companions can be becoming a member of its Board of Administrators.


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