Philippine EV charging spin-off CHRG lands first Japan backing
What's the deal? CHRG Electric Vehicle TechnologiesDealroom has a profile for this one. Try Dealroom →, a University of the Philippines Diliman spin-off, has raised its first equity investment from two Japan-based firms, Leave a Nest GroupDealroom has a profile for this one. Try Dealroom → and IGNYSIA Holding. The early-stage round was completed on September 24, 2026, and announced the next day. The deal was signed at the UPSCALE Innovation Hub at UP Diliman.
What's the endgame? CHRG will use the funding to expand EV charging infrastructure across the Philippines. Its centrepiece plan is a charging highway linking the country's islands, built on its CharM rapid charging technology developed at UP Diliman.
Why now? Wider EV adoption across the Philippines' geographically separated islands raises the stakes for connected charging infrastructure. The investment gives CHRG the capital to move from university research toward deployment.
The signal: CHRG says it is the first university spin-off in the Philippine EV sector to secure this type of funding. The cross-border deal shows Japanese investors backing early-stage charging technology in Southeast Asia — and underscores the growing role of university-developed research in the region's EV build-out.
Read more: globalautoinsight.com
Image credit: Ivan Radic
