WattUp USA, a commercial EV charging infrastructure developer focused on high-traffic retail locations across California and the Western United States, announced that it has secured at least $130 million in a structured capital facility arranged by Founders First Advisory.
In a message sent to Pulse 2.0, the company said that the funding will accelerate the company’s Phase 1 deployment of ultra-fast EV chargers across 100 commercial locations, including shopping centers, grocery stores, restaurants, convenience stores, and mixed-use destinations. WattUp USA’s technology platform integrates ultra-fast DC fast charging with onsite battery storage, helping reduce costs and improve grid efficiency while delivering reliable charging performance for electric vehicle drivers.
WattUp USA provides property owners with a turnkey EV charging solution and a long-term revenue opportunity, with no upfront costs. The company manages the full project lifecycle, including site evaluation, engineering, utility coordination, permitting, equipment procurement, construction, commissioning, and ongoing operations.
The company’s expansion plans include scaling from pilot sites to a broader network of charging locations across California, New Mexico, and Washington. By focusing on high-traffic retail and commercial destinations, WattUp USA aims to align charging availability with existing consumer behavior, allowing EV drivers to conveniently charge while shopping, dining, or running errands.
Demand for EV charging infrastructure continues to grow as automakers increase electric vehicle production and states expand electrification targets. WattUp USA’s deployment strategy is designed to position charging infrastructure at commercially active locations that already attract consistent customer traffic.
The company says its platform combines strategic site selection, battery-integrated charging infrastructure, and professional network operations designed to expand EV charging access while helping commercial property owners unlock additional value from their real estate assets.
KEY QUOTES:
“EV charging infrastructure must be deployed thoughtfully and backed by real capital to meet growing demand. WattUp USA combines experienced leadership with a practical deployment strategy. And with this funding, the company is now well-capitalized to achieve their expansion targets.”
Corbin Cowan, Chief Executive Officer of Founders First Advisory
“EV charging is a complex industry, and commercial property owners are looking for experienced partners who can execute from site design through electrical interconnection. This capital allows us to expand from our pilot sites to a network of hundreds of locations across California, New Mexico, Oregon, and Washington.”
Harshil Goel, Co-Founder and Chief Executive Officer of WattUp USA
“Retail parking lots are quickly becoming one of the most valuable infrastructure assets in the energy transition. Our goal is to help landowners and property owners unlock that value and enhance their locations to serve the rapidly growing EV driver community.”
Ken Cheng, Co-Founder and Chief Operating Officer of WattUp USA
