EverCharge, a leading “smart” electric vehicle-charging provider for multi-tenant properties, has announced a seed investment of $1.4 million, led by hardware-focused venture fund Bolt. The financing will be used, executives say, to fund the company’s continued national expansion and for further investment in its proprietary technology platform, SmartPower.

“We love businesses like EverCharge that solve big problems in a creative way,” said Ben Einstein, Managing Director of Bolt.  “We’re thrilled that we can help the team get their product to market and help expand the adoption of electric vehicles.”

“Every day, we hear from more car owners and property managers who need an easy way to get power to parking spots in an economical way,” says EverCharge Founder and CEO Jason Appelbaum. “And it’s clear this problem will only get bigger as the demand for electric vehicles grows. 

“We think EverCharge is already having a meaningful impact on the size of the electric vehicle market, and this investment is going to help us grow even faster.”