Luxembourg EV-charging startup El-Monde has raised Pre-Seed funding to drive the initial growth of its platform.
Established in 2024, El-Monde has developed a platform enabling private EV charger owners to share and earn money from visiting drivers.
By providing added point-to-point convenience for millions more EV drivers who can now charge away from home while they play (i.e., golfers/skiers, tennis), vacation (Airbnb) or workout (fitness centre).
Concurrently, El-Monde has built a convenient turnkey business model that expands the revenue opportunity to thousands of small businesses previously left out of the EV “gravy train”.
El-Monde provides real-time information on available EV charging stations and plans to provide a complete installation service and revenue monitor for small businesses that wish to offer away-from-home charging.
The company already has over three thousand private EV charger hosts on its platform across the US, Europe, and India.
Founded by ex-Amazon execs Romit Choudhury and Philip Carls, the startup has completed a quick and successful “family and friends” pre-seed round “of $200k to develop an app and holistic ecosystem for drivers of both Tesla and non-Tesla electric vehicles and the charger hosts who service them.
According to Choudhury:
“We felt the time was right with total EV cars in the US alone now exceeding over 6 million vehicles and with an annual share of the plug-in car market approaching 10 per cent..
At its core, El-Monde is a convenient network facilitator for the EV ecosystem, offering added convenience and revenue sharing. Even with limited funding, we are experiencing explosive growth.”
El-Monde has its sights set on destination stops in the hospitality and entertainment industries, including golf courses, ski resorts and Airbnb hosts and guests as primary customers.
Lead image: El-Mode. Photo: uncredited.
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