Founded in 2018, Xendee positions itself as a frontrunner in the rapidly evolving energy sector. The company's SaaS platform claims to be the "most advanced software for design and operation of EV fast charging infrastructure and microgrids." It caters to the burgeoning needs of renewable energy, clean energy, and distributed energy systems.
The technology behind Xendee is built on significant R&D investments from US government efforts, primarily developed at the Lawrence Berkeley National Laboratory, and tested in collaboration with notable institutions like Arizona State University, University of California San Diego, and the Electric Power Research Institute (EPRI).
Headquartered in the United States, Xendee secured a $12.00M Series A funding round on 15 June 2022. Key investors include Anzu Partners, Evergy Ventures, Surlamer Investments, and TravelCenters of America. This capital injection underscores market confidence in Xendee's potential to transform the energy landscape.