The Atmospheric Fund (TAF) announces an investment of $4.5 million in Jule, a Toronto-based company specializing in energy management and electric vehicle (EV) charging. TAF’s financing is meant to support the building and deployment of 66 bundled battery-powered fast-charging stations across Ontario.Jule’s products try to provide access to fast and convenient charging for the public, and also reduce demand on the electricity grid. The solution is reportedly already deployed across multiple sectors including retail, gas stations, and hospitality.“This investment enables an integrated approach to EV charging, expanding infrastructure to accelerate EV adoption and support a cleaner, more reliable grid ” said Kristian Knibutat, VP of Impact Investing at The Atmospheric Fund. “The chargers deployed in suburban and rural areas will help address range anxiety, bridging infrastructure gaps in underserved communities.”In a statement, Jule says “its business is growing, and the company is currently seeking additional funding to scale.”“By combining high-speed charging with energy storage, Jule’s technology helps overcome two of the biggest barriers to EV adoption: grid limitations and charger availability,” said Himanshu Sudan, CEO of Jule. “We’re proud to partner with The Atmospheric Fund (TAF), and grateful for the support of EV ChargeON and ZEVIP in bringing this essential infrastructure to Ontario.”TAF’s financing leverages previous funding from two U.S grants under National Electric Vehicle Infrastructure and The Joint Utilities of New York programs, an Ontario Ministry of Transportation purchase contract, and Ontario’s EV ChargeON Program. (ICE TORONTO)

Fonte notizia: https://www.cleantechnology.ca/