What is Qmerit?
Qmerit stands as North America's premier provider of electric vehicle (EV) charger installation and broader electrification services. The company excels in streamlining the electrification process for a wide array of clients, encompassing homeowners, commercial property owners, fleet managers, and utility companies. Leveraging an extensive network of certified electricians, Qmerit delivers comprehensive solutions for home charging infrastructure, solar panel installations, and battery storage systems. Their core mission is to facilitate the widespread adoption of electric technologies, thereby fostering sustainable living practices and enhancing energy independence across the continent.
How much funding has Qmerit raised?
Qmerit has raised a total of $17.8M across 4 funding rounds:
Private Equity
$5M
Unspecified
$11.8M
Debt
$350K
Debt
$687K
Private Equity (2016): $5M, investors not publicly disclosed
Unspecified (2018): $11.8M led by Strandview Capital and Schneider Electric
Debt (2020): $350K supported by PPP
Debt (2021): $687K featuring PPP
Key Investors in Qmerit
Strandview Capital
Strandview Capital is an investment firm focused on providing growth capital and strategic value to companies in the financial services and technology sectors, with a history of investing in innovative companies.
Schneider Electric
Schneider Electric is a global specialist in energy management and automation, providing integrated solutions for efficiency and sustainability across various industries and infrastructure.
PPP
Public-Private Partnership
What's next for Qmerit?
The recent major strategic investment in Qmerit suggests a pivotal moment for the company, likely enabling significant scaling of operations and market penetration. This capital infusion is expected to fuel further development of their service network and technological capabilities, solidifying their leadership in the burgeoning EV infrastructure and broader electrification sector. Qmerit's focus on simplifying the transition to electric technologies positions them to capitalize on increasing consumer and commercial demand for sustainable energy solutions.
See full Qmerit company page
