Maryland-based company seeks to develop universal EV charger
COLUMBIA, Md., (December 8, 2025) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $100,000 Pre-Seed Builder Fund investment in Pirl Technology, located in Rockville, Md. The Pre-Seed Builder Fund rests under the umbrella of TEDCO’s Social Impact Funds.
Pirl Technology aims to create the next generation of EV chargers. With a patented field-upgradable capability and an innovative design, Pirl Technology aims to offer the lowest cost of ownership to allow EV network operators to achieve profitability. By delivering a versatile solution for all EV types and installation locations, it aims to reduce barriers and spur EV charging uptake for residential and commercial customers.
“TEDCO remains dedicated to supporting technology innovation across industries,” said Jean-Luc Park, deputy chief investment officer & senior director of TEDCO’s Social Impact Funds. “By investing in Pirl Technology, we are hoping to see the company’s continued growth spur on Maryland’s economic ecosystem.”
In 2022, Pirl Technology received a $25,000 investment from TEDCO’s Rural Business Innovation Initiative (RBII) Pre-Seed Fund, along with continued support and mentorship along the way. Later, in 2023, the company received an investment from TEDCO’s Social Impact Funds.
“Maryland ranks fourth in the nation when comparing energy efficiency and we are not shying away from supporting this continued growth and innovation,” said TEDCO CEO, Troy LeMaile-Stovall. “In fact, the state offers four programs that support cleantech and renewable energy, making the location a great choice for entrepreneurs looking to join the movement to create more alternative options for consumers across the globe.”
TEDCO’s Social Impact Funds are carefully designed to engage and invest in economically underserved founders and communities. Through this intentional design, TEDCO continues to work towards a more diverse and inclusive entrepreneurial community in Maryland. For more information on our investment funds, visit our page at www.tedcomd.com/funding.