L-Charge has closed a $10 million equity funding round to accelerate the rollout of its off-grid electric vehicle charging solutions across the United States, targeting commercial fleet operators facing grid access and permitting delays.
The round was led by Ultra Capital, with co-investment from L-Charge founder Dmitry Lashin. The capital will be used to expand deployments nationwide, grow the company’s workforce and strengthen long-term service capabilities, L-Charge said.
L-Charge focuses on modular, grid-independent charging systems designed for rapid deployment, allowing fleets to electrify operations without waiting for utility upgrades or lengthy interconnection approvals. The company targets rideshare operators, last-mile delivery providers, municipal fleets and commercial depots, segments where infrastructure bottlenecks have slowed EV adoption.
“Demand for our solutions continues to grow as fleet operators look for reliable ways to deploy EVs despite grid limitations and rising costs,” said Stephen Kelley. “This investment allows us to scale faster, support more customers, and keep building the team needed to sustain our next phase of growth,” he said.
Ultra Capital said access to power remains one of the main obstacles to fleet electrification. “Their ability to deploy charging infrastructure independent of grid timelines makes them uniquely positioned to support the rapid electrification of commercial fleets,” said Kristian Hanelt.
L-Charge operates under Charging-as-a-Service and Power-as-a-Service models, enabling customers to deploy charging infrastructure without upfront capital expenditure. The company said the funding will support new installations, additional product offerings and expanded sales and support teams as it scales its presence across the United States.