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New York, NY - Flipturn, an electric vehicle (EV) charger and fleet management platform, today announced it has raised $11 million in a Series A round led by CRV with participation from Accel. Today Flipturn helps fleets manage their chargers alongside their overall fleet operations. This round of funding will enable the team to continue on its quest to expand into broader charging and energy management solutions. 

Flipturn’s platform addresses a critical pain point in the EV fleet industry: without real-time visibility into charger health and status, fleets risk vehicles not being fully charged by morning, resulting in lost revenue. Additionally, without the ability to control charger power output, fleets can overpay for electricity or exceed their site's capacity causing further operational disruptions. Flipturn’s platform solves these challenges offering a comprehensive solution that helps fleets manage charger reliability, optimize electricity usage and streamline fleet operations across various industries, including bus, trucking and light-duty fleets. Flipturn stands out in the space given its fleet-specific features, nimble product development and unmatched customer support. 

“As the city of Seattle rapidly electrifies our fleet, it’s crucial we understand how, when and where EVs are charging throughout our charging network,” says Chris Wiley, the city of Seattle’s fleet director. “Flipturn marries our vehicle data and EV charger data to provide a view into our charging ecosystem and gives us data we can use to educate drivers, understand operational impacts from charging vehicles, and build new infrastructure where it’s needed.”

"Whether your EV fleet is profitable is all about the utility bill. Without Flipturn's charger management system, we would be spending more on energy than a typical diesel truck. It's a huge part of successfully running a heavy duty EV fleet."
- Jason Altamirano, Vice President at TITAN Freight Systems

Other clients include Purolator, Republic Services, Swift Transportation and Zeem.

“Flipturn is an exciting, fast-moving tech company with a compelling climate mission,” says Caitlin Bolnick Rellas, general partner at CRV. “In an industry dominated by slow, outdated incumbents, Flipturn’s platform offers an innovative, fleet-first solution that is crucial to accelerating EV adoption and fleet electrification.”

Flipturn was co-founded by Katie Siegel (CEO) and Sashko Stubailo (CTO), both of whom bring extensive experience from leading tech companies. Siegel was a senior engineering manager at Samsara (NYSE: IOT), where she witnessed firsthand the operational challenges fleets face and how new regulations are pushing the industry toward EV adoption. Stubailo was a senior engineering manager at Stripe, where he led teams to build scalable products supporting billions of dollars in transactions.

The company is positioned to be a driving force in the electrification of commercial fleets. Flipturn plans to use this funding to scale its business across GTM and engineering teams. 

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About Flipturn 

Flipturn is a leading EV charger and fleet management platform, providing comprehensive solutions to manage chargers in conjunction with fleet operations. Flipturn works with a wide range of industries, including last-mile delivery, refuse, heavy-duty transportation and more, helping fleets optimize charging, reduce costs and ensure reliable operations. Flipturn is headquartered in New York City.