Electrada
Electrada, founded in 2020 in Cincinnati and now operating as Inspiration Energy within Inspiration Mobility Group, provides turnkey Charging-as-a-Service (360 CaaS) for commercial fleet operators — designing, financing, building, and operating depot EV charging infrastructure across 375+ U.S. depots serving public agencies and Fortune 500 fleets.
- Company typePrivate
- Founded2020
- HeadquartersCincinnati, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Electrada does
Electrada was a Cincinnati-based commercial fleet electrification company founded in 2020 that designed, built, financed, and operated depot-scale EV charging infrastructure under a proprietary 360 Charging-as-a-Service (CaaS) model. The platform handled precision depot design, utility coordination, hardware selection, distributed power, and ongoing energy management, converting fleet operators' upfront capital and volatile fuel expenses into predictable recurring electric fuel costs. The company operated more than 375 depots across the United States delivering 99%+ uptime and 50 million+ clean miles annually for commercial fleet operators, public agencies, and Fortune 500 customers including Ferguson Enterprises, Vanderbilt University, Duke Energy, and Daimler Truck North America.
Its core technology stack combined depot energy management software with distributed power systems and — most distinctively — a first-of-its-kind utility-grade zero-emission Fleet Mobility Microgrid co-developed with Duke Energy in Mount Holly, North Carolina, integrating solar, battery storage, hydrogen generation, and 120–300 kW fleet chargers. Revenue was generated through multi-year managed services contracts under the CaaS model and broader infrastructure development services, with capital provided by approximately $34 million in funding (a 2021 exempt offering and a $22 million BlackRock investment in 2023).
In April and June 2026, Electrada's assets were carved up: Current Trucking acquired 30+ operational sites and select personnel, while Inspiration Mobility Group acquired the team, project pipeline, charging depot development, energy management software, and intellectual property, integrating them into its Inspiration Energy subsidiary. The Electrada brand now operates within Inspiration Energy, combining its depot energy management capabilities with the parent company's broader CaaS and infrastructure ownership model to serve commercial fleets across additional markets and geographies.
Electrada firmographics
Firmographics- Name
- Electrada
- Legal name
- Electrada, LLC
- Website
- https://electrada.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Electrada, founded in 2020 in Cincinnati and now operating as Inspiration Energy within Inspiration Mobility Group, provides turnkey Charging-as-a-Service (360 CaaS) for commercial fleet operators — designing, financing, building, and operating depot EV charging infrastructure across 375+ U.S. depots serving public agencies and Fortune 500 fleets.
- Ownership category
- akta.pro rank
Electrada industry classification
Industry- Product category
- Commercial Fleet EV Charging Infrastructure
- NAICS
- Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- EV Fleet Management & Charging Solutions (THADAKAJ)
- akta.pro secondary industries
- EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF), Fleet Smart Charging & Depot Energy Management (Bus/Truck/Delivery) (EUAFAMAE), EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE)
Keywords
Where Electrada is headquartered
LocationHeadquarters
- HQ city
- Cincinnati
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Electrada business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Charging-as-a-Service (CaaS): Recurring service model where Electrada designs, builds, and operates fleet charging infrastructure. Customers pay a recurring fee for electric fuel delivery with zero upfront cost, converting capital and fuel expenses into predictable operating costs. The company handles everything from depot design through daily operations, delivering 99%+ uptime.
- Infrastructure Development and Management: Services include precision depot design, utility coordination, hardware selection, energy management, and ongoing maintenance. Revenue generated through managed services contracts with commercial fleet operators.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | No upfront cost - CaaS model |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
Electrada product offering
Product offeringCore offering
Electrada delivers end-to-end commercial fleet electrification infrastructure under its proprietary 360 CaaS (Charging-as-a-Service) model. The company designs, builds, finances, and operates EV charging depots for commercial fleet operators, public agencies, Fortune 500 companies, and institutional customers, with zero upfront cost to the customer. Services span depot design, utility coordination, hardware selection, energy management software, and ongoing maintenance, supported by a Fleet Mobility Microgrid product co-developed with Duke Energy.
Product overview
Electrada offers a unified fleet electrification platform built around its proprietary 360 CaaS (Charging-as-a-Service) model and energy management software. The platform provides end-to-end services including depot design, utility coordination, charging infrastructure deployment, and ongoing operations. Since 2020, Electrada has delivered 99%+ uptime across 375+ depots, powering over 50 million clean miles for public agencies, Fortune 500 companies, and institutional customers. The company operates as part of Inspiration Energy (subsidiary of Inspiration Mobility Group), expanding capabilities to serve more commercial fleets.
Differentiator
Problem solved
Functional benefit
Brands
- 360 CaaS: Charging-as-a-Service (CaaS) product invented by Electrada for commercial fleet operators, converting capital and fuel expenses into stable, predictable operating costs with no upfront cost.
Products and services
- 360 CaaS (Charging-as-a-Service)
Quantifiable outcome
- 99%+ electric fuel uptime delivered across 375+ depots
- +4 more outcomes
Companies that use Electrada
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Electrada technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Electrada partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Inspiration Mobility GroupcoreInspiration Mobility Group acquired select assets of Electrada including the team, project pipeline, charging depot development, energy management software, and intellectual property. The acquired assets were integrated into Inspiration Energy subsidiary, expanding Charging-as-a-Service capabilities across more than 375 depots.
- Current TruckingminorCurrent Trucking acquired operational, in-construction, and development-stage assets from Electrada on April 20, 2026, along with select personnel to ensure operational continuity. The transaction added over 30 operational EV charging infrastructure sites to Current's portfolio.
- Duke EnergycoreDuke Energy and Electrada partnered on the Duke Energy + Electrada Fleet Mobility Microgrid in Mount Holly, North Carolina — the first utility-grade, zero-emission microgrid in the country designed specifically for commercial and public electric fleet vehicles. The center features fleet charging stations alongside solar, battery storage, and hydrogen generation.
- Daimler Truck North America LLCminorDaimler Truck North America LLC joined as a founding participant in the Duke Energy + Electrada Fleet Mobility Microgrid project, participating in testing vehicle-microgrid interoperability and positioning the project as a scalable model for fleet electrification.
Scale indicators8 records
Recent moves8 records
Expansion highlights5 records
Electrada competitors and assessment
Company assessmentDirect peers
- Terawatt Infrastructure: Terawatt builds and operates depot-scale EV charging infrastructure for commercial fleets, directly competing with Electrada's 360 CaaS offering in the heavy-duty and medium-duty fleet segment.
- Forum Mobility: Forum Mobility develops and operates high-power charging depots for electric drayage and heavy-duty trucking fleets — a direct comparable on the depot-as-a-service model for Class 8 trucks.
- Greenlane Infrastructure: Greenlane (a Daimler Truck, NextEra Energy, and BlackRock joint venture) builds commercial EV charging infrastructure for medium- and heavy-duty trucks, overlapping directly with Electrada's fleet depot business.
- InCharge Energy: InCharge Energy provides turnkey commercial EV charging solutions including hardware, software, and managed services for fleets, dealerships, and workplaces — directly comparable to Electrada's full-stack CaaS approach.
Broad incumbents
- bp pulse: bp pulse is the EV charging arm of BP targeting commercial fleet customers with depot and public fast charging. As a well-capitalized incumbent, it competes for the same Fortune 500 and public-sector fleet deals.
- ChargePoint: ChargePoint is the largest independent EV charging network in North America, with hardware and software offerings spanning depot, workplace, and public charging — broadly competing for fleet customers.
- EVgo: EVgo operates one of the largest public fast-charging networks in the U.S. and is expanding into fleet and depot services through its eXtend offering, an adjacent incumbent to Electrada's fleet charging.
- Shell Recharge Solutions: Shell Recharge Solutions (formerly Greenlots / Shell U.S. EV) provides commercial and fleet EV charging solutions globally as part of Shell's broader energy portfolio, serving as a well-capitalized incumbent competitor.
Emerging players
- Nuvve Holding: Nuvve specializes in vehicle-to-grid (V2G) and managed charging for fleets, intersecting with Electrada's depot energy management capability with a differentiated grid-services angle.
Regional players
- FLO Services: FLO is a Canadian EV charging network that has expanded into U.S. commercial and fleet markets; it offers overlapping depot and managed-services capabilities but is headquartered and primarily serves Canada.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Electrada social profiles
Digital presenceElectrada financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electrada leadership team
Management profileNumber of profiles
Profiles5 records
Electrada funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Electrada M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Electrada
What does Electrada do?
Electrada delivers end-to-end commercial fleet electrification infrastructure under its proprietary 360 CaaS (Charging-as-a-Service) model. The company designs, builds, finances, and operates EV charging depots for commercial fleet operators, public agencies, Fortune 500 companies, and institutional customers, with zero upfront cost to the customer. Services span depot design, utility coordination, hardware selection, energy management software, and ongoing maintenance, supported by a Fleet Mobility Microgrid product co-developed with Duke Energy.
Is Electrada a public or private company?
Electrada is a private company. It is classified as corporate owned and is currently acquired.
When was Electrada founded?
Electrada was founded in 2020. It employs 11 to 50 people.
Where is Electrada based?
Electrada is headquartered in Cincinnati, United States, in the North America region.
How does Electrada make money?
Two revenue lines are on record. Charging-as-a-Service (CaaS) is the primary driver. The others are infrastructure Development and Management.
Who are Electrada's main competitors?
Direct peers on record are Terawatt Infrastructure, Forum Mobility, Greenlane Infrastructure and InCharge Energy. Broad incumbents are bp pulse, ChargePoint, EVgo and Shell Recharge Solutions. Nuvve Holding is listed as an emerging player. FLO Services is listed as a regional player.
Does Electrada have an API?
No public API is recorded for Electrada.
What industry is Electrada in?
Electrada's product category is Commercial Fleet EV Charging Infrastructure. Its primary akta.pro industry code is THADAKAJ, EV Fleet Management & Charging Solutions, with a secondary code of TLAKAMAG, EV Charging Network Management & Software Services (CPMS, Monitoring, Billing). Its NAICS code is 22112 and its SIC code is 4911.