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- Electrify America
Electrify America Valuation, Funding & Investors
Electrify America is valued at $2.5B as of June 2022.
Last Electrify America valuation
$2.5B
Strategic investment · Jun 2022
Last Electrify America funding round
$450M
Strategic investment · Jun 2022
Cumulative funding Electrify America raised
$450M
across 1 funding round
Key investors in Electrify America
About Electrify America
Electrify America is the largest public EV fast-charging network in the United States, with over 4,000 DC fast chargers along major highways from California to Florida. As a Volkswagen Group subsidiary formed in 2018, it offers 350 kW charging speeds compatible with CCS and NACS standards. Stations feature solar canopies and battery storage at sites like Disney World and Walmart stores. Electrify America supports Plug&Charge and aims for 10,000 stalls by 2025.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Usage-based
Valuation
$2.5B (Jun 2022)
Electrify America Valuation
Electrify America is currently valued at $2.5B, based on its strategic investment round in June 2022.
The $450M round was led by Siemens, with participation from Volkswagen.
Electrify America valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2022 | Strategic investment | $2.5B |
Electrify America Funding History
Electrify America has raised a total of $450M across 1 funding round.
Electrify America funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Strategic investment | Siemens (lead); Volkswagen | $450M | $2.5B | Electrify America, a subsidiary of Volkswagen Group, operates the largest open ultra-fast electric vehicle charging network in North America, initially funded by VW's $2 billion commitment through 2026 as part of Dieselgate remediation. On June 28, 2022, it raised $450 million in equity from Volkswagen Group and Siemens Financial Services, with Siemens investing a low triple-digit million USD amount as its first external investor, gaining a minority stake and board seat. The round achieved a post-money valuation of $2.45 billion, supporting expansion to 1,800 sites and 10,000 ultra-fast chargers by 2026. The investment accelerates Electrify America's growth plans, including technological advancements in public, home, and commercial charging solutions. At the time, the network had around 800 stations with 3,500 ultra-fast chargers installed. Siemens' involvement validates VW's electrification strategy, leveraging Siemens' expertise in e-mobility charging hardware, software, and services to enhance reliability and scalability. Volkswagen increased its capital beyond the original $2 billion, citing Electrify America's momentum and long-term value. The partnership aims to propel EV adoption across the US and Canada by building a collaborative ecosystem for sustainable mobility. |
Who has invested in Electrify America?
2 investors have backed Electrify America across its funding rounds, including Siemens and Volkswagen.
Lead investors include Siemens.
Electrify America Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialElectrify America Competitors
Electrify America competitors include listed companies like Aima Technology Group and Fastned, and private ones like Electric Vehicle Infrastructure Company, Ample, BYTON and Rimac Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1.1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $2.5B | - | ||
| Private | $385M | - | $2.3B | 6.0x | ||
| Publicly listed | $3.7B | $422M | $2.8B | 0.6x | ||
| Publicly listed | $160M | $17M | $1.9B | 11.1x |
Electrify America Public Comps
Electrify America is still privately-owned, but its public comps include Dorian LPG, Dongfang Electronics Co, Aima Technology Group, NGL Energy Partners, Pony AI, Fastned, WeRide, Genesis Energy, Fluxys Belgium and IndiGrid Infrastructure.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $482M | $281M | 5.8x | 5.0x | 10.0x | 7.6x | |||
| $1.2B | $155M | 1.4x | 1.2x | 10.9x | 10.1x | |||
| $3.7B | $422M | 0.6x | 0.6x | 5.3x | 6.0x | |||
| $3.2B | $336M | 1.9x | 1.8x | 18.2x | 8.8x | |||
| $90M | ($71M) | 21.1x | 14.1x | (26.9x) | (7.9x) | |||
| $160M | $17M | 14.5x | 11.1x | 140.0x | 60.5x | |||
| $102M | ($257M) | 11.4x | 8.3x | (4.5x) | (5.0x) | |||
| $1.6B | $537M | 3.6x | 3.3x | 10.8x | 10.2x | |||
This data is available for Pro users. Sign up to see all Electrify America competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Electrify America
| When was Electrify America founded? | Electrify America was founded in 2016. |
| Where is Electrify America headquartered? | Electrify America is headquartered in Reston, VA, United States. |
| Is Electrify America publicly listed? | No, Electrify America is a private, VC-backed company. |
| What is Electrify America's valuation? | Electrify America was last valued at $2.5B in its strategic investment round in June 2022. |
| How much funding has Electrify America raised? | Electrify America has raised $450M across 1 funding round. |
| What was Electrify America's last funding round? | Electrify America's last funding round was a $450M strategic investment round in June 2022, led by Siemens. |
| Who are Electrify America's investors? | Electrify America's investors include Siemens and Volkswagen. |
| Which companies are comparable to Electrify America? | Companies comparable to Electrify America include Electric Vehicle Infrastructure Company, Ample, BYTON, Rimac Group, Aima Technology Group and Fastned. |
See companies similar to Electrify America
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