Coulomb Technologies Obtains $47,500,000 New Funding Round

  • Feed Type
  • Date
    5/8/2012
  • Company Name
    Coulomb Technologies
  • Mailing Address
    1692 Dell Ave Campbell, CA 95008
  • Company Description
    Coulomb delivers networked charging stations and provides a service that meets the needs of drivers, municipalities, electric utilities and government entities.
  • Website
    http://www.coulombtech.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $47,500,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    With this financing, we are well positioned to accelerate the deployment of our EV charging solutions and further solidify our position as the market leader. These funds enable us to provide cloud-based solutions to cities, retailers, employers, parking operators and property managers that will drive the adoption of clean transportation.
  • M&A Terms
  • Venture Investor
    Braemar Energy Ventures
  • Venture Investor
    Kleiner Perkins Caufield & Byers
  • Venture Investor
    Rho Ventures
  • Venture Investor
    Voyager Capital
  • Venture Investor
    Siemens Venture Capital
  • Venture Investor
    Harbor Pacific Capital
  • Venture Investor
    Hartford Ventures
  • Venture Investor
    Toyota Motor Corp.

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  • http://www.facebook.com/people/Japhy-Ryder/100003807787224 Japhy Ryder

    Coulomb Techologies management has little respect for employees.

    2012 Series D round of funding washed out all previous grant value. Per
    implementation of 2012 500/1 reverse split on all previous series stock
    grants, company erased grant value for over half of its employees.

    Company has reached only 30% of revenue needed to break even (b/e
    projected 2014), yet current 2012 CEO and CFO earn avg $275,000 annual
    salary. CTO (Primary founder) equally culpable as he supports this
    structure.