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ChargeLab

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Builds OCPP-compliant software for managing EV charging stations

Toronto, CanadaFounded 2015Transportation
Valuation $50–100M Last recorded · 2023
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for ChargeLab and the history behind them.

About ChargeLab

ChargeLab operates as a software-as-a-service (SaaS) company, providing a hardware-agnostic operating system for electric vehicle (EV) charging infrastructure. The company does not build its own hardware but instead focuses on a software platform that can manage and optimize charging stations from various manufacturers. This approach allows clients to connect any charger that complies with the Open Charge Point Protocol (OCPP), offering flexibility in hardware selection. The business generates revenue by charging a subscription fee for its management software. Its target clients include fleets, building operators, convenience stores, utilities, and other businesses that manage commercial EV chargers.

The company was founded in Toronto, Canada by CEO Zak Lefevre, who started exploring the EV space in 2015 and officially launched the company in 2016. Lefevre, who has a background in computer science and finance from McGill University, was driven by the conviction that EVs would eventually dominate the automotive market. Initially, the company resold and installed charging equipment before pivoting to focus on software. In 2020, Ehsan Mokhtari joined as a co-founder and Chief Technology Officer, bringing his experience from a cybersecurity company he had previously built and sold. This new partnership led to ChargeLab securing its first venture capital financing and accelerating the development of its core software platform. The company has since raised over $30 million in funding from investors including King River Capital, ABB E-Mobility, Eaton, and Silver Comet.

ChargeLab's core product is a cloud-based charging station management system (CSMS). This platform provides a comprehensive suite of tools for managing charging networks at scale. Key features include automated monitoring of charger status, remote management of pricing and access rules, payment processing, and electrical load balancing to optimize energy consumption. The company also offers a mobile app for EV drivers to locate stations and pay for charging sessions. A key selling point is its API-first architecture, which makes the platform modular and scalable for integration with third-party systems. Recently, ChargeLab introduced Spark, a suite of AI-powered tools designed to proactively monitor and diagnose issues with EV chargers, reducing downtime.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2015
Headquarters
Toronto, Canada
Employees
53
Open positions
None listed
Dealroom signal
62.4/100
Industry
Energy, Transportation
Sub-industry
Energy Providers, Maintenance
Sector
Transportation, Sustainable Development Goals, EV Charging, EV Charging Software, Climate Tech, Electric Mobility, Hard Tech
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt May 2026 $0 — FedDev Ontario ↗
DEBT✓Debt Apr 2023 $5M — Silicon Valley Bank ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
Company filings, research estimates and Dealroom dataBook a demo for the full financial model →

Growth signals

ChargeLab website traffic

Latest recorded traffic for ChargeLab is 37K monthly website visits, up 68.2% over the last three months. ChargeLab's team declined 3.6% over the past year.

Latest monthly visits37K 3-month web change+68.2% 1-year team growth-3.6%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

16 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed5 investors entered at this stage

  • Notation Capital
  • Highline Beta
  • Andrew Lee
  • Third Sphere
  • URBAN-X

Series A7 investors entered at this stage

  • Construct Capital
  • Root Ventures
  • King River Capital
  • ABB
  • Maple VC
  • Eaton
  • Silver Comet Energy

Series B and later2 investors entered at this stage

Other known investors2 additional known investors

  • Creative Destruction Lab
  • McGill Dobson Centre for Entrepreneurship
Team profiled 11 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇨🇦 Canada87%
🇺🇸 United States10.9%
🇹🇷 Turkey2.2%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about ChargeLab on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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