TEDCO, Maryland’s economic engine for technology companies, announced a recent $200,000 investment into Pirl Technology, a Maryland-based company developing electric vehicle (EV) chargers.
“We’re so grateful for the continued support from the TEDCO team,” said Kobby Osei-Kusi, founder and CEO of Pirl Technology. “Thanks to TEDCO’s recent investment we can continue our research and development journey, working towards a universal EV charger that can provide consumers with easier charging capabilities while also, hopefully, expanding EV usage.”
Pirl Technology, based in Frederick, Md., is working to create the next generation of EV chargers. With their innovative design, Pirl Technology aims to offer more versatility, allowing EV users to choose between wall-mounted or stand-mounted versions as well as offering a variety of plugs, with the goal of providing a fit for all EV types.
“Electric vehicles are going to be part of our transportation choices in the future,” said Jean-Luc Park, senior director of TEDCO’s Social Impact Funds. “TEDCO’s investment in Pirl supports these efforts, while also supporting the innovation and growth of technologies that will make electric vehicles more accessible to the public.”
TEDCO’s Social Impact Funds are carefully designed to engage and invest in economically underserved founders and communities. Through this intentional design, TEDCO continues to work towards a more diverse and inclusive entrepreneurial community in Maryland.
For more information about our funding opportunities, click here.
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.