InCharge Energy (“InCharge”), a leading provider of EV charging and energy solutions across North America, has secured a $46 million strategic investment led by S2G Investments (“S2G”), a multi-asset investment firm focused on energy, food & agriculture, and ocean system innovation. The funding will support InCharge’s expansion beyond EV charging into broader energy infrastructure services, including electrical systems and distributed energy resources. QIC also participated in the round.
Founded in 2018, InCharge has built a nationwide energy solutions platform combining proprietary software with an in-house technician network for critical energy infrastructure. Its InControl platform manages over 30,000 energy assets and resolves up to 80% of issues remotely, serving major fleets, municipalities, and charge point operators. ABB acquired a majority stake in InCharge in January 2022. InCharge completed a majority share buyback to regain control in January 2025.
IMPROVED acted as the exclusive financial advisor to InCharge Energy on this transaction, managing a complex competitive process that attracted strong interest from financial sponsors and strategic investors across the US and Europe. The breadth of investor appetite is a clear signal that capital remains firmly behind the EV charging and energy infrastructure services sector. For IMPROVED, the transaction also demonstrates the firm’s ability to originate and execute US to US deals, combining a growing North American presence with global sector expertise at the intersection of energy and transportation.
