DeCharge Secures $2.5 Million Seed Funding for EV Charging Expansion

DeCharge, a pioneering decentralized electric vehicle (EV) charging network, has successfully completed a $2.5 million seed funding round. This significant investment was led by Lemniscap, with additional contributions from several prominent investors, including Colosseum, Daedalus Angels, EV3 Labs, Echo Fundraiser Chainyoda Jedis, and Levitate Labs. The round also saw participation from notable angel investors such as Nom, the creator of Bonk, Shek from Superteam/Solana, Arnold Lee, Co-founder and CEO of Spherelabs, Vibhu Norby, Founder and CEO of DripHaus, Manan Patel, Founder of DeSights AI, and Mathieu Baudet, Founder of Linera.

This funding comes at a pivotal moment as the demand for EV charging solutions continues to rise. The proliferation of autonomous drones and robots has created a growing need for scalable, efficient, and intelligent charging infrastructure. DeCharge aims to address this demand by expanding its network of DC fast chargers and DeCharge Beast chargers, designed to offer high-speed, accessible, and intelligent charging options. These include ultra-fast DC charging for highways and urban hubs, as well as decentralized DeCharge Beast chargers for everyday use.

DeCharge’s AI-powered dynamic pricing and smart routing system is designed to optimize grid loads, reduce congestion, and enhance the user experience. The company’s permissionless, community-driven deployment model allows anyone to become a host, accelerating nationwide access to reliable charging while providing hosts with opportunities to earn from charging, advertising, digital displays, and commercial leasing.

With this funding, DeCharge plans to accelerate its mission to expand to over 3,000 locations across the U.S., Europe, the Middle East, and emerging economies. The company aims to extend the reach of VoltBox (Fast Charging DC Chargers) across key highway corridors, logistics hubs, and urban centers. Additionally, DeCharge’s H3 Spatial Indexing will ensure that chargers are deployed in underserved regions, filling gaps in high-demand areas before they become a problem.

Future plans include the launch of the DeCharge Energy Marketplace, a fully tokenized energy marketplace where EV owners, businesses, and grid operators can participate in a self-sustaining energy economy. DeCharge will also scale tokenized incentives for charger hosts, fleet operators, and EV users to drive adoption and participation.

Roderik van der Graaf, Founder and Managing Partner of Lemniscap, expressed his support for DeCharge’s mission, stating, “DeCharge is in prime position to disrupt the traditional EV charging landscape by creating an autonomous, intelligent, and accessible charging network that supports the growing number of electric vehicles worldwide. We wholeheartedly support the team’s mission to create a more sustainable and efficient EV charging network that will accommodate the expanding ecosystem of EVs, autonomous fleets, and electrified logistics systems.”

Dr. Prakash Kamaraj, Co-Founder of DeCharge, shared his vision, saying, “Our vision is to build the most efficient, intelligent, and future-ready EV charging network. Securing financial backing from some of the most reputable Web3 investors is a huge endorsement for our platform, giving us the financial runway to scale rapidly and continue to integrate renewable energy sources, creating a seamless, cost-effective charging experience for all EV owners.”

Mohan Kuldeep Ponnada, Founder & CEO of DeCharge, emphasized the company’s belief in the future of mobility, stating, “At DeCharge, we firmly believe the future of mobility will be electric, decentralized, autonomous, and community-powered. We are not just an EV charging company; we are building the energy infrastructure of the future, where anyone can own, deploy, and benefit from energy assets. Sincere thanks to our investors for supporting this important mission.”

DeCharge is committed to building the future of EV charging with a decentralized, AI-powered energy network. The company’s ecosystem spans public, fleet, and autonomous charging, integrating smart hardware, intelligent software, and scalable energy infrastructure. From high-speed DC chargers on highways to community-driven deployments in urban hubs, DeCharge ensures seamless, cost-effective, and accessible charging for EVs, fleets, and next-gen mobility solutions.