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All-In-One EV Charging Platform Presto Raises $15M in Seed Funding, Partners with Uber, Avis, Hertz, and Zipcar

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2 years ago

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OAKLAND, Calif., Feb. 6, 2025 /PRNewswire/ — As electric-vehicle sales continue to increase, Presto, an all-in-one EV charging platform, announced today that it has raised $15 million in seed funding from Union Square Ventures, Congruent Ventures, Powerhouse Ventures, and Jetstream. Through Presto’s top-rated app and APIs, fleets can find, charge, and pay for reliable on-the-go charging across thousands of Presto’s partner public charging stations. These new funds will be used to onboard new fleets, integrate more chargers, and add new features.

“Presto addresses a critical gap in the EV ecosystem—a unified and effortless charging experience.”

Founded in 2023 by J.J. Raynor and Ashwin Dias, former Uber executives who launched Uber’s electrification program, Presto’s platform is used by some of the largest electric fleets, including Uber, Avis, Hertz and Zipcar.

Fleets and drivers are rapidly choosing electric vehicles for their lower total costs, reduced maintenance, and clean air benefits. As of Q3 2024, 9% of all U.S. car sales were electric. However, finding and accessing reliable public charging continues to be a barrier to EV adoption. There are now more than 200,000 public charging stations operated by over 50 different companies, each with their own software, mobile apps, and charging hardware. For fleets, navigating this diverse charging ecosystem while on-the-go is a challenge. 

Presto simplifies charging by enabling fleets to seamlessly find, charge, and pay across thousands of charging stations operated by Presto’s charging partners through one easy-to-use app or API. Presto’s machine-learning recommendation engine ingests real-time information on charger availability and reliability to recommend chargers to fleets for reliable charging. 

“Presto addresses a critical gap in the EV ecosystem—a unified and effortless charging experience—that enables fleets and their drivers to charge across networks,” said J.J. Raynor, co-founder and CFO of Presto. “This new funding allows us to scale up our efforts to support more fleets and charging partners.”

Large fleets have found immediate success working with Presto. Car rental companies, including Avis, Hertz, and Zipcar provide the Presto app to their customers when they rent an EV, making it easier for them to charge during their rental. Uber drivers, who have been rapidly switching to electric vehicles, get access to special pricing with EVgo in addition to charging across networks via the Presto app. 

“J.J. and Ashwin saw a problem that EV rideshare drivers deal with every day and they jumped in to fix it,” said Rachel Pinkham, Head of US&C Electrification Operations at Uber. “What really stands out is their customer-centric approach—features like price discovery and the recommendation engine are clever, practical tools that genuinely help drivers save time and money.” 

“Easily accessible electric vehicle charging is crucial for a smooth member experience and to drive sustainable transportation further,” said Will Sowers, Senior Manager of Public Partnerships and Policy at Zipcar. “Since each Zipcar is shared between 50 to 90 members and sees more use than a personal vehicle, our professional fleet teams use Presto to help maintain our electric vehicle fleets in select cities.” 

For its charging partners, Presto helps them onboard more fleet charging demand, grow charger utilization and improve charging economics. EV chargers are expensive to deploy—a typical fast charger installation costs between $116,000 and $167,000. As a result, charging operators naturally want to maximize charger utilization while minimizing congestion and optimizing for customer experience.

“Presto has made onboarding new fleet customers easy for us,” said Kate Gridley, Business Development Lead at EVgo. “Presto’s platform provides fleets with the tools they need to charge seamlessly, and fleet usage has been an important driver of our rising network utilization.” 

Nick Grossman, partner at Union Square Ventures who led the firm’s investment in Presto said, “We believe in J.J. and Ashwin’s vision to create a unified platform that transforms EV charging into a magical experience.  Presto’s traction with both fleets and charge point operators speaks to the urgency and size of the opportunity.”

With the new funding, Presto plans to scale up its operations and continue investing in its technology to support more fleets and charging partners on their road to electrification.

About Presto
Presto is an electric vehicle (EV) charging platform that powers seamless and reliable charging experiences for fleets, mobility providers, and businesses. Presto’s platform makes working with fleets seamless for charging partners, while fleet partners can quickly and easily roll out an all-in-one charging solution using Presto’s highly-rated mobile app (available for iOS and Android) or integrate charging into their customer experiences using Presto’s easy APIs. Learn more at www.prestocharging.com.

Business Contact
hello@prestocharging.com

Media Contact
Chris Allieri
Mulberry & Astor
chris@mulberryandastor.com

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SOURCE Presto

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

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27 minutes ago

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October 19, 2026

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New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

27 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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Technology

Eqvista Launches Company-Sponsored Tender Offers, Expanding Private Market Liquidity Capabilities

Published

27 minutes ago

on

October 19, 2026

By

New tender offer capabilities connect equity management with real-time valuation data covering approximately 65,000 private companies with a combined estimated value of $9 trillion, laying the groundwork for future secondary marketplace capabilities.

SAN FRANCISCO, Oct. 19, 2026 /PRNewswire/ — Eqvista, a leading equity management and valuation platform serving more than 25,000 companies, today announced the launch of company-sponsored tender offer capabilities, enabling private companies to organize structured liquidity events directly within their equity management platform. The launch also marks a step toward Eqvista’s planned secondary marketplace capabilities.

As companies stay private longer, employees and early investors face limited opportunities to sell their shares. Meanwhile, organizing liquidity events involves complex decisions around pricing, participant eligibility, approvals, and ownership changes.

Eqvista brings these processes together through a company-controlled tender offer workflow, supported by its equity management infrastructure and Eqvista Real-Time Company Valuation® technology.

“With Eqvista, private companies can help their employees and early investors turn their shares into cash, rewarding them for their contributions to the company,” said Tomas Milar, Founder and CEO of Eqvista. “We already help companies manage ownership and understand their value. Bringing tender offers into the same platform is a natural next step toward connecting equity management, valuation, and liquidity.”

Company-Controlled Tender Offers

Eqvista’s new capabilities allow companies to manage tender offers while maintaining control over participation, transaction terms, and ownership changes.

Key features include:

Cap table integration: Automatically record completed ownership changes.Participant controls: Define eligible buyers and sellers and offer windows.Allocation rules: Set transaction limits, pro rata allocations, and priorities.Integrated approvals: Manage approval requirements and rights of first refusal.Valuation-informed pricing: Reference Eqvista Real-Time Company Valuation® data when evaluating transaction pricing.

By integrating these processes, Eqvista aims to reduce the administrative complexity of organizing liquidity events while helping companies maintain control over their shareholder base.

Building Toward a Secondary Marketplace

Building on its company-sponsored tender offer capabilities, Eqvista plans to expand into secondary marketplace infrastructure designed to support structured, company-approved liquidity programs. By connecting ownership records, real-time valuation data, and private share transactions within one platform, Eqvista aims to make private market liquidity more accessible while allowing companies to maintain control over participation and ownership changes. Further details will be announced as development progresses, subject to applicable regulatory requirements.

Learn more about Eqvista’s Company-Sponsored Tender Offers.

About Eqvista

Eqvista is an equity management and valuation platform building infrastructure for private markets. Trusted by more than 25,000 companies worldwide, Eqvista combines equity management, in-house valuation expertise, and AI-powered technology to help private companies manage ownership and understand their value. Eqvista Real-Time Company Valuation® technology covers approximately 65,000 U.S. private companies representing an estimated $9 trillion in combined value.

Contact Information
Jakub Vele
Head of Marketing
424978@email4pr.com
+1 (415) 375-4963

View original content to download multimedia:https://www.prnewswire.com/news-releases/eqvista-launches-company-sponsored-tender-offers-expanding-private-market-liquidity-capabilities-302911472.html

SOURCE Eqvista

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