20

Electric vehicle charging company EVCS is raising a $20 million round, TechCrunch+ has exclusively learned. The startup has so far raised $7.5 million of the $20 million target, according to paperwork the company filed with the SEC on Wednesday. If EVCS can raise the rest, this round would make for a slight step up from the $18.8 million Series A the company raised in July 2022, perhaps as an extension to that round. But the round also suggests a tempering of expectations at the startup, which reportedly explored raising $125 million as recently as this June. The funds would have helped the company add more than 2,000 fast chargers to its network.