Cranbury, NJ – According to filings with the U.S. Securities and Exchange Commission, IoTecha is raising $15,999,997.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Oleg Logvinov played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About IoTecha
IoTecha is accelerating the Electric Vehicle revolution by providing critical hardware and software components for the Smart Charging infrastructure and enabling the integration of tens of millions of Electric Vehicles with the Power Grid. We supply our products and services worldwide and our customers are manufacturers of Electric Vehicles and EV charging stations. Our products include the V2G and HomePlug Protocol Analyzer, Combined Charging System on Module (CCSoM) and custom modules, and our cloud service, the IoTecha Intelligent Power Platform (I2P2). Our products and services are designed to substantially accelerate time to market and lower development costs for or customers while reducing the cost of ownership of EV charging stations based on our platform. IoTechas team helped to create HomePlug Powerline Communication Technology and while at STMicroelectronics designed and built ST2100, the most integrated HomePlug Powerline Communication System-on-Chip. This chip powers IoTechas CCSoM.

To learn more about IoTecha, visit http://www.iotecha.com/

Contact:
Oleg Logvinov, Chief Executive Officer
305-335-9037
oleg@iotecha.com
https://www.linkedin.com/in/oleglogvinov/

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