Treehouse, known for delivering comprehensive installations of home EV charging units, has confirmed its latest round of funding. This funding, amounting to $10 million, sees significant investments led by Montage Ventures and Trucks Venture Capital. Leading Fortune 500 corporations, such as CarMax and Assurant Ventures, have also partaken in this financial endorsement.
Why It Matters
As the Edison Electric Institute projected, 2030 will witness an overwhelming 26.4 million electric vehicles cruising on U.S. streets. This constitutes approximately 10% of the projected 259 million cars and light-duty trucks in under a decade. Given this trend, Treehouse’s timely intervention offers a swift solution, furnishing EV owners with quick estimates for home charging setups tailored to their budget and specific requirements.
Key Points
- The recent funding will be channelized to:
- Augment Treehouse’s “Installation-as-a-Service” to over 30 states in the upcoming year.
- Enhance software capabilities to incorporate a wider range of electrification products.
- Todd Kimmel of Montage Ventures commends Treehouse’s inventive approach, emphasizing its significant disruptive potential in electrification.
- Treehouse boasts a pioneering pricing model, enabling:
- Immediate, fixed quotes for home charger installations.
- Streamlined integration of home charging into vehicle loan schemes.
- Hassle-free permit documentation procedures.
- An exclusive network of electricians ensuring seamless customer experiences from inception to culmination.
- Eric Owski, spearheading Treehouse, highlights the critical role of funding in surmounting prevalent technical impediments, thereby fostering the industry’s growth.
Bottom Line
Treehouse is revolutionizing EV ownership by mitigating common challenges and streamlining the process of home charger installations. Through strategic collaborations with major auto retail brands, Treehouse ensures customers benefit from available rebates but also aids them in opting for optimal utility plans. This progressive stride by Treehouse signifies a promising turn in promoting and facilitating a broader shift to electric vehicles.
