Luxembourg Startup El-Monde Raises $200K to Transform EV Charging for Small Businesses
December 20, 2024The company recently raised $200,000 in Pre-Seed funding to support its initial growth and expansion efforts.
Founded in 2024 by former Amazon executives Romit Choudhury and Philip Carls, El-Monde is a Luxembourg-based startup focused on revolutionizing the electric vehicle (EV) charging landscape.
El-Monde aims to create new revenue opportunities for small businesses that have traditionally been excluded from the electric vehicle market.
Currently, the platform boasts over 3,000 private EV charger hosts across the US, Europe, and India, enhancing the accessibility of charging options.
The platform is designed to improve convenience for EV drivers, providing charging options while they engage in activities such as golfing, skiing, vacationing, or working out.
Targeting the hospitality and entertainment sectors, El-Monde focuses on key customers like golf courses, ski resorts, and Airbnb hosts and guests.
In addition to connecting drivers with charging stations, El-Monde plans to offer installation services and revenue monitoring for small businesses.
Choudhury emphasized the significant market opportunity, noting that the US has over 6 million EVs, with the plug-in vehicle market share approaching 10%.
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Tech.eu • Dec 20, 2024
El-Monde raises Seed funding to expand EV Charger sharing platform