Motor, which provides a consumer electric vehicle (EV) adoption platform for electric utilities, announced today that it closed a $7 million Series A investment round co-led by The AES Corporation and Mitsubishi Corporation.

Incubated out of AES, Motor partners with utilities to accelerate consumer adoption of electric vehicles. Motor engages customers through their utility to offer access to EV ownership, overcoming common barriers to adoption and ensuring both the economic and grid benefits of electrification.