Climate Impact Capital Invests in EV Firm OpConnect
Mobility and energy are undergoing a massive transformation as transportation moves toward an electric future. Climate Impact Capital views electric vehicle infrastructure as the solution of choice for intelligent grids and recently invested in OpConnect alongside Reinventure Capital and Black Founders Matter.
OpConnect is a minority-owned small business taking on big names such as ChargePoint, ABB and Shell, which purchased Greenlots. The team has developed a lean model that has enabled EV service providers to quickly integrate EV charging networks with advanced payment processing and customer care tools.
The company plans to expand its private-labeling offerings focusing on multifamily properties and communities. Headed by CEO Dexter Turner, OpConnect is leading innovation in the electric transportation, with seven EV charging and access control patents.
“The Biden administration envisions an aggressive acceleration of the country’s move to vehicle electrification, which creates enormous opportunities for small business growth, EV owners, and reduction of local and greenhouse gas pollution,” said Turner.
With options such as the Ford Lightning, Rivian R1S and the VW ID.4, consumers may rapidly migrate to EVs.