AEROSPACE

Coulomb Technologies has announced that it has secured $15 million in Series C funding. Coulomb will use the funds to help accelerate product development of the ChargePoint Network, enhance customer support and drive sales. The ChargePoint Network is used by EV drivers worldwide looking to quickly and safely fuel their electric vehicles. Joining existing investors Rho Ventures, Voyager Capital, Siemens Venture Capital GmbH, and Hartford Ventures, a strategic investment division of The Hartford Financial Services Group are new investors Harbor Pacific Capital and LS Cable, and LS Industrial Systems.

In 2008, Coulomb was the first company to introduce networked charging stations for electric vehicles. Coulomb's ChargePoint Networked Charging Stations are now installed in countries worldwide. Since 2009 Coulomb has shipped more than 850 stations to more than 200 customers. In 2010 Coulomb announced strategic partnerships with Leviton, Siemens and Aker Wade to significantly expand the ChargePoint Network. Each of the Coulomb partners will market and distribute their own brand of home and/or public electric vehicle supply equipment (EVSE) built specifically for the ChargePoint Network. Additionally, Coulomb via their Department of Energy funded ChargePoint America program is providing 4600 free home and public ChargePoint stations in nine regions of the United States.

"Coulomb sales have increased dramatically in 2010," said Richard Lowenthal CEO of Coulomb Technologies. "This significant growth has given us an opportunity to further expand our operations and superior technology of the ChargePoint Network to meet the worldwide demand of networked infrastructure for electric vehicles. We are proud to welcome our new investors Harbor Pacific Capital and LS to our company. We are also pleased our existing investors Rho Ventures, Siemens Venture Capital, Voyager Capital and Hartford Ventures have furthered their investment in Coulomb."

"Coulomb continues to make great strides as an emerging leader in the EV infrastructure space. They are quickly expanding their footprint and building a compelling, sustainable business," said Mark Leschly, Managing Partner of Rho Ventures.

Cities worldwide including New York City, Orlando, Detroit, Amsterdam, Sydney and Dublin, now have Coulomb's charging systems installed for consumer and fleet use. The foundation for these accomplishments is the ChargePoint Network powered by Coulomb's advanced networking technology and applications software. This network of charging stations is open to all drivers of plug-in vehicles and provides authentication, management, and real-time control through multiple web-based portals for hosts, fleet managers, drivers and utilities.

Coulomb's ChargePoint America program will provide 4,600 charging stations to program participants in nine regions in the United States: Austin, Texas, Detroit, Los Angeles, New York, Orlando, Fla., Sacramento, Calif., the San Jose/San Francisco Bay Area, Bellevue/Redmond, Wash., and Washington DC and is a strategic partnership between Coulomb and three leading automobile makers: Ford, Chevrolet and Smart USA. Installation of the ChargePoint charging stations is underway now in all nine regions.