Alliance Ventures invests in PowerShare charging solutions for EV
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announced a new investment in PowerShare, an electric vehicle (EV) charging platform startup based in China.
PowerShare provides an online platform that connects EV drivers, charge point operators and power suppliers to streamline the charging experience.
It offers a cloud-based system, enabling suppliers to monitor the demand from vehicles with the supply capacity of the grid and drivers to find available charging stations.
Financial terms of the PowerShare investment will not be disclosed.