Pando Electric Powers Up: Secures $5.4M Grant to Revolutionize Multifamily EV Charging Solutions

Pando Electric is thrilled to announce a significant funding milestone with a successful raise of $5,400,000, further empowering our mission to revolutionize the electric vehicle home charging landscape. Our company, renowned for offering cost-effective and highly scalable EV charging solutions, is dedicated to addressing the unique challenges faced by multifamily and commercial property sectors. With our compact EV chargers and innovative AI-driven application, we can intelligently manage electric load distribution across multiple charging stations within a single site, ensuring both superior performance and energy efficiency. This new financial backing will accelerate our efforts to expand market reach, develop advanced charging technologies, and optimize our user-friendly mobile application that simplifies remote monitoring and management for property managers. The infusion of capital comes at a pivotal time as the demand for seamless and sustainable EV charging solutions continues to grow. Our technology not only supports a more efficient installation process by leveraging existing electrical infrastructures, thereby lowering installation costs, but it also drives tangible benefits for property owners and tenants alike. Enhanced leasing acceptance rates, elevated tenant retention, additional revenue streams, and improved property valuations are just a few of the advantages our solutions offer. By integrating these state-of-the-art charging solutions into properties, we are not only contributing to the global shift towards greener transportation but also creating robust, future-proof investments in urban infrastructure. As we embark on this exciting new phase of growth, Pando Electric remains committed to delivering innovative, reliable, and scalable solutions that power the sustainable communities of tomorrow.