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Electrada Lands $22m in Additional Investment From Blackrock to Expand EV Charging Footprint

Famed investment group BlackRock has more than doubled its backing of a Cincinnati startup, funneling millions in fresh dollars into the company as it looks to further expand its footprint in the electric vehicle charging space.

June 1, 2023
Author: Joanna Hamblin

Electrada, a developer, owner and operator of electric vehicle charging infrastructure, received $22 million in additional funds from BlackRock in mid-May, per a filing with the U.S. Securities and Exchange Commission. It’s the second tranche the Over-the-Rhine-headquartered startup has received from the firm – BlackRock led Electrada’s $20 million Series B in 2021.

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