InCharge Energy (inchargeus.com), a North America-based provider of end-to-end EV charging and energy infrastructure solutions, has raised $46M in funding led by S2G Investments. The company delivers design-build EPC services, hardware-agnostic chargers, the InControl software platform, and 24/7 maintenance for commercial fleets, transit authorities, and municipalities. The capital will scale its integrated energy solutions platform across the US and Canada.
Fleet Operators Demand Reliable Uptime
The timing aligns with accelerating fleet electrification amid policy volatility. InCharge's approach — combining software-driven remote resolution with a national technician network — addresses gaps in long-term charger performance that pure hardware or software providers often leave unaddressed.
Charger Downtime and Service Gaps
Commercial operators face persistent reliability challenges. Industry data indicates public EV chargers achieve only about 78% reliability, while a projected 35,000+ technician shortage looms by 2028. InCharge reports managing over 30,000 charging assets with 80% of issues resolved remotely through its InControl platform and 99.99% uptime.
Integrated Software and Field Service Model
InCharge differentiates through its hardware-agnostic InControl platform that supports 20+ brands alongside InService maintenance plans. This end-to-end model covers design, installation, monitoring, and repairs for mixed fleets. CEO Rich Mohr noted that EV charging was the entry point, with demand now focused on reliable, tech-enabled network operations.
As Bala Nagarajan of S2G stated:
"Demand for reliable, tech-enabled network operations…"
S2G and QIC Back Operating Layer Strategy
S2G Investments led the round, with Queensland Investment Corporation participating. S2G's focus on energy transition platforms that combine software and operations matches InCharge's post-independence direction after regaining control from prior ABB ownership. The investment validates scaling beyond EV chargers into battery storage, solar, and microgrids.
EV Charging Infrastructure Market Expands
The global EV charging infrastructure market stands at $37.4B-$50.2B in 2026 and is projected to reach $136.4B by 2033 at a 20.3% CAGR. Key drivers include fleet mandates from logistics companies and OCPP standard adoption. InCharge's positioning targets private commercial deployments where uptime and lifecycle management outweigh public network priorities.
Strong Operational Traction Signals Growth
The company has completed 877+ infrastructure projects and 24,000+ support cases in 2025. Recent moves include Canada expansion via Foreseeson and a partnership with Workhorse for unified fleet and charging support. This funding reinforces its shift to a full-lifecycle energy infrastructure partner.