Luxembourg Startup El-Monde Raises $200K to Transform EV Charging for Small Businesses

December 20, 2024
Luxembourg Startup El-Monde Raises $200K to Transform EV Charging for Small Businesses
  • The 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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