EVerged Gains $50M Investment to Advance EV Charging Infrastructure

On April 29, 2025, EVerged announced a $50 million strategic investment from Leonid Capital Partners, completed in partnership with True Upside Consulting. Structured as a delayed draw facility, the funding represents a major milestone for EVerged as it scales its efforts to deploy electric vehicle supply equipment (EVSE) infrastructure across the country. This investment reinforces the company’s growing role in the clean energy space and strengthens its ability to deliver on the national push toward sustainable transportation.

With this capital, EVerged is poised to expand its presence and enhance the impact of its innovative EV charging solutions. The support from Leonid Capital Partners comes at a pivotal time, enabling EVerged to accelerate the implementation of high-quality infrastructure designed to meet the increasing demand for electric mobility. The collaboration underscores a shared commitment to environmental progress and signals confidence in EVerged’s vision for the future of clean energy.

Founded through the strategic merger of True Upside Consulting and TDaaS, EVerged brings together deep expertise in sustainable energy with cutting-edge technological capabilities. The union of these two entities marked a turning point in the renewable energy sector, combining proven consulting leadership with forward-thinking innovation to create a company uniquely positioned to lead the convergence of energy, data, and infrastructure.

“We are thrilled to support EVerged in bringing much-needed innovation to EV Infrastructure,” said Chris Lay, Co-Founder of Leonid Capital Partners. “This substantial investment underscores our confidence in EVerged’s ability to lead and innovate in the EV infrastructure market, which is critical for our shared vision of a sustainable energy future.”

James Parker, Co-Founder of Leonid Capital Partners, added, “Addressing climate change is crucial not only for our environmental security but also as a matter of national and global importance. EVerged’s ongoing work and ambition clearly demonstrate leadership in ecological stewardship and innovation in sustainable energy solutions.”

EVerged CEO, Jefferson Smith, commented on the strategic nature of this relationship, stating, “Leonid’s confidence and the substantial backing they have provided not only validates our strategy but propels us significantly forward. This partnership is pivotal as we strive to innovate and lead in the EV charging market, ensuring EVerged remains at the cutting edge of sustainable transportation and renewable energy solutions.”

EVerged has always maintained a strong focus on mission-driven impact, guided by a people-first culture and a commitment to sustainability that permeates every facet of the organization. As a certified Minority Business Enterprise, the company is dedicated to ensuring equity and accessibility in its solutions, while remaining focused on delivering measurable success for its partners and customers.

This latest investment not only provides the financial momentum needed to accelerate EVerged’s work, but also validates its role as a leader in shaping the future of clean transportation. By uniting energy, technology, and sustainability under one vision, EVerged continues to push the boundaries of what’s possible in the renewable energy landscape.

EVerged is a pioneering energy solutions integrator specializing in EV charging infrastructure, the development of its innovative “Energy Nirvana” ecosystem, and strategic public sector consulting within the energy domain. Operating at the intersection of technology and sustainability, EVerged is forging new paths toward a greener, smarter, and more connected energy future—empowering communities globally with integrated, resilient solutions.