InCharge Energy has raised $46 million in a strategic investment led by S2G Investments, capital the company will use to expand beyond EV charging into broader electrical and distributed energy infrastructure. The Los Angeles–based firm operates a multi-brand EV charger service network that, according to InCharge, ranks among the largest in North America, with more than 30,000 managed assets serving fleets, school districts, and municipalities. Much of that operation runs on InControl, InCharge’s proprietary platform for monitoring, operating, and maintaining connected charging and energy assets.
Highlights
- $46 million strategic investment led by S2G Investments, a multi-asset firm focused on energy, food and agriculture, and ocean systems
- More than 30,000 managed assets across a multi-brand service network spanning fleets, school districts, and municipalities
- Roughly 80% of charger issues resolved remotely, with in-house technicians dispatched for on-site work, according to the company
- Proceeds fund technician workforce growth, accelerated InControl development, and expansion into broader energy solutions
Where the Capital Goes
The investment will scale InCharge’s national field services division by adding technicians and route density in key markets, accelerate development of the InControl software platform, and support the company’s move into electrical infrastructure and distributed energy resources.
“EV charging was the entry point, but our customers increasingly need help operating more complex energy infrastructure,” said Rich Mohr, CEO of InCharge. “This investment from S2G accelerates our evolution into a full energy solutions provider and allows us to advance smarter technology and strengthen our service capabilities nationwide.”
InCharge, which built its early business around charging hardware including DC fast chargers, now frames service reliability as the core of its offering. IMPROVED Corporate Finance acted as exclusive financial advisor to InCharge, with Gunderson Dettmer providing legal counsel to the company and Paul Hastings advising S2G.
A 30,000-Asset Service Network
The company positions the round against a maturing installed base: while the number of EV chargers in the field keeps growing, many existing units are aging and reliability is slipping. InCharge says its integrated asset management platform lets both fleet operators and charge point operators deploy and sustain networks at scale, rather than specializing in a single layer of the value chain.
Connected to a 24/7 Network Operations Center, a Support Operations Center, and a nationwide field service organization, InControl combines asset monitoring, lifecycle management, and service operations in one environment. The company reports that the platform resolves roughly 80% of charger issues remotely, with in-house technicians handling on-site service when needed.
What Does InControl Manage Beyond EV Chargers?
InControl functions as the system of record across a wider energy portfolio, not just charging hardware. The platform tracks:
- Warranties, service contracts, and subscriptions tied to each asset
- Preventative maintenance programs and full asset history
- Operational data across battery energy storage systems, solar, transformers, switchgear, electrical distribution equipment, and lighting
Automated workflow orchestration validates service entitlements and coordinates response activities, which the company says helps organizations maximize uptime, lower operating costs, and extend asset life.
From Break-Fix to Proactive Management
S2G framed its investment around a shift in how charging and energy assets are serviced. The firm has backed other fleet-electrification companies, including Mitra EV, which closed financing earlier this year with S2G participation.
“Demand for reliable, tech-enabled network operations will only intensify as the installed base of chargers and distributed energy resources continues to expand and mature,” said Bala Nagarajan, Managing Director at S2G. “We believe InCharge is exceptionally well-positioned to capture that shift and move the industry from reactive, break-fix maintenance to proactive, performance-driven management. We’re looking forward to supporting the team on its next chapter of growth.”
Sign up for our popular weekly email to catch all the latest EV news!
