InCharge Energy Raises $46M to Grow Energy Solutions Platform Across North America

InCharge Energy, a leading provider of EV charging and energy solutions across North America, announced on June 4, 2026, that it has raised $46 million in strategic funding. The investment round was led by S2G Investments, with participation from QIC.

The new capital will support InCharge’s expansion beyond EV charging infrastructure into broader energy solutions, including electrical infrastructure, distributed energy resources, and advanced energy management services. The company plans to leverage its proprietary software platform and nationwide service network to support this growth.

As EV adoption continues to increase, charging infrastructure reliability has become a growing concern. InCharge has established one of North America’s largest multi-brand EV charger service networks, managing more than 30,000 charging assets for fleets, school districts, municipalities, and commercial customers.

A key component of the company’s offering is its proprietary InControl™ software platform, which provides customers with a centralized system for managing charging infrastructure and other energy assets. The platform delivers real-time charger monitoring, remote diagnostics, network management, energy monitoring, fleet support, AI-powered issue resolution, and performance optimization tools.

“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.”

“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.”

According to the company, approximately 80% of charger issues can be resolved remotely through the platform, reducing downtime and lowering operating costs. When on-site support is required, InCharge’s in-house field service technicians provide maintenance and repairs across its national service network.

Beyond EV charging, InControl is designed to manage a broad range of energy infrastructure, including battery energy storage systems, solar installations, transformers, switchgear, electrical distribution equipment, and other power-related assets. The platform also serves as a centralized system for warranty management, service contracts, preventative maintenance programs, subscriptions, and asset lifecycle data.

The company said the funding will be used to expand its national field service organization, increase technician coverage in key markets, accelerate development of the InControl platform, and support continued growth into the broader energy infrastructure sector.

IMPROVED Corporate Finance served as exclusive financial advisor to InCharge Energy, while Gunderson Dettmer LLP acted as legal counsel to the company. Paul Hastings LLP served as legal counsel to S2G Investments.