Loop
Turnkey EV charging solutions at home, at work and on the go.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor | €0.0 | round | |
* | $20.0m | Debt | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 193 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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Loop Global Inc. operates within the electric vehicle (EV) charging infrastructure sector, providing a comprehensive suite of hardware and software solutions. The company was established in 2019 by co-founders Dustin Cavanaugh and Christopher Wendell, who serve as CEO and CTO, respectively. Their combined experience in technology and business development underpins the company's strategic direction. Loop's primary business involves the sale of various EV charging stations, including Level 2 and DC Fast Chargers, alongside a recurring revenue stream from its proprietary network software.
The company's offerings are designed for a diverse client base, including commercial real estate owners, multi-family residential complexes, and fleet operators. The business model is structured around both hardware sales and a subscription-based model for its software platform. This platform enables property owners and managers to operate, manage, and monetize their charging stations. Key features of the software include dynamic pricing, user access control, and detailed analytics on charging sessions and energy consumption. This dual approach allows clients to generate a return on their investment by setting custom charging fees for EV drivers.
Loop's product line addresses the growing demand for accessible and reliable EV charging. The hardware is designed for durability and ease of use, while the network software provides the intelligence for station owners to optimize their operations. By providing a turnkey solution that includes both the physical chargers and the management software, Loop aims to reduce the complexity for businesses looking to enter the EV charging market. This integrated system allows property owners to offer EV charging as an amenity, attracting tenants and customers while creating a new revenue stream. The company positions itself as an end-to-end provider in the value chain, from hardware installation to ongoing network management and support.
Keywords: EV charging, network software, charging stations, clean energy, property technology, fleet management, SaaS, e-mobility, infrastructure, cleantech