growth · Climate technology
Cardinal Charging
Charging hardware and software for commercial fleet depots.
- Fund
- Pelham Growth Fund II
- Strategy
- Growth equity
- Employees
- 188
- Revenue (illustrative)
- $32M
Investment thesis
Cardinal manufactures depot charging hardware and the operating software that schedules charging around fleet routes and electricity prices. Pelham led the Series B and supported the first manufacturing line expansion.
“Pelham came in when capital markets were closed. They carried us through the hardest eighteen months.”
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