Agility Ventures Invests in EV-Charging Specialist Loop Global
Agility, a supply chain services, infrastructure, and innovation company, announced that its venture capital arm, Agility Ventures, has invested in Loop Global, a U.S.-based leader in the development of hardware and software for electric-vehicle (EV) charging stations and networks.
Loop, which operates in all 50 U.S. states and more than 15 countries, said it would use the funds from Agility Ventures and other new investors to support its expansion and growth.
Loop has sold more than 7,000 charging stations worldwide through resellers and distributors that make up a combined network of over 750 electrical contractors. The company’s next generation EV-charging solutions are currently being adopted by municipalities and some of the world’s largest commercial, retail, multi-tenant, fleet and hospitality businesses.
“At Loop, we believe the transition to clean electric vehicles will only move as quickly as the EV-charging infrastructure that is there to support it,” said Dustin Cavanaugh, Co-Founder and CEO of Loop. “Loop is streamlining this transition by making next generation EV-charging infrastructure solutions for property owners that are uniquely affordable and provide the lowest total cost of ownership on the market.”
With as many as 230 million electric vehicles expected to be on the road by 2030, the demand for affordable and reliable EV charging infrastructure is extremely high, yet many property owners do not know where to begin when it comes to implementing the techn