WattUp USA Secures $130 Million in Funding to Deploy Retail-Focused Ultra-Fast EV Charging Network
Backed by Founders First Advisory, the WattUp platform will focus on high-traffic commercial locations across California and other Western markets
BISWIRE/March 12, 2026 — Today, WattUp USA, a commercial EV charging infrastructure developer focused on high-traffic retail locations in California and the Western US, announced a minimum of $130 million structured capital facility arranged by Founders First Advisory.
The investment accelerates the company’s Phase 1 deployment of ultra-fast EV chargers across 100 commercial locations, including shopping centers, grocery stores, restaurants, convenience stores, and mixed-use destinations. The company’s technology platform integrates ultra-fast DC fast charging (DCFC) with onsite battery storage, helping reduce costs and improve grid efficiency while delivering reliable charging performance for EV drivers.
For property owners, WattUp USA provides a turnkey EV charging solution and durable revenue stream at no upfront cost. WattUp USA manages the full project lifecycle including site evaluation, engineering, utility coordination, permitting, equipment procurement, construction, commissioning, and long-term operations.
“EV charging infrastructure must be deployed thoughtfully and backed by real capital to meet growing demand,” said Corbin Cowan, Chief Executive Officer of Founders First Advisory. “WattUp USA combines experienced leadership with a practical deployment strategy. And with this funding, the company is now well-capitalized to achieve their expansion targets.”
“EV charging is a complex industry, and commercial property owners are looking for experienced partners who can execute from site design through electrical interconnection,” said Harshil Goel, Co-Founder and CEO of WattUp USA. “This capital allows us to expand from our pilot sites to a network of hundreds of locations across California, New Mexico, Oregon and Washington.”
“Retail parking lots are quickly becoming one of the most valuable infrastructure assets in the energy transition,” said Ken Cheng, Co-Founder and COO of WattUp USA. “Our goal is to help landowners and property owners unlock that value and enhance their locations to serve the rapidly growing EV driver community.”
EV adoption continues to expand across major U.S. markets as automakers increase electric vehicle production and states increase electrification targets. As a result, demand for reliable, strategically located charging infrastructure is expected to grow significantly in the coming decade.
WattUp USA’s strategy focuses on deploying charging infrastructure at locations with strong existing traffic patterns, enabling EV drivers to charge conveniently while shopping, dining, or running errands. By aligning charging infrastructure with real-world consumer behavior, WattUp USA aims to build a durable model that benefits drivers, businesses, and property owners alike.
About WattUp USA
WattUp USA is a privately held EV charging infrastructure company focused on deploying ultra-fast EV charging stations at high-traffic retail and commercial locations across the United States. The company partners with landowners, commercial real estate owners, and site operators to deliver turnkey EV charging solutions that support the transition to electric transportation while creating long-term value for property owners. The company’s platform combines strategic site selection, battery-integrated charging infrastructure, and professional network operations designed to expand EV charging access while enhancing commercial property value. For more information visit WattUpUSA.com
About Founders First Advisory
Founders First Advisory collaborates with infrastructure providers, operating companies, and advisory professionals to help business owners evaluate opportunities that may support long-term business growth and financial planning objectives. Led by CEO Corbin Cowan, the firm works with executives and business owners to identify potential areas for improvement across financial structures, operational strategy, and advisory coordination. For more information, visit FoundersFirst.io
