John Foley opened Recharged, a used electric car seller, at 4810 W. Broad St. in July 2023. (Jack Jacobs photo)
Following the completion of a major capital haul, a local EV dealer is hitting the road to add some new locations.
Recharged, which sells used electric and hybrid vehicles from its West Broad Street store and online, plans to open a dealership in Northern Virginia next month.
It’ll be Recharged’s first outpost outside of the Richmond market and is fueled by the recent closure of a $15 million capital raise led by New York venture capital firm Isogone Ventures.
Completed in November, the round will help fund technology, marketing, hiring and geographical growth for the 3-year-old company, co-founder John Foley said this week.
Recharged immediately put the money to work, announcing that it will soon open the Northern Virginia facility across roughly 3,000 square feet at 9909 Main St. in Fairfax. That location will serve as an EV dealership, which the company calls an “experience center,” with a capacity for around 50 vehicles.
Foley previously said that Recharged has been planning to “mushroom cloud” out from Richmond, with a particular focus on the Southeast region. Yet hearing from many in the Washington, D.C., market about interest in a Recharged location, he said the company decided to pursue another in-state dealership first.
“Since we opened here three years ago, we constantly hear from people in the D.C. market that are wishing we were there,” Foley said. “It’s inside the same state, under the same licensing we’ve operated under here for three years … it’s a great way for us to serve a market that has already proven to be a successful market for us.”
The Fairfax location will be a smaller site without vehicle reconditioning services, Foley said, adding that the facility presents opportunities for the company to test its processes outside of the Richmond market as it looks to expand elsewhere in the Southeast.
That growth also includes a location in North Carolina. Foley said Recharged is in the early stages of finalizing a lease on a property in Charlotte to bring a Recharged dealership there next.
The Charlotte facility will have reconditioning facilities on site, and will span almost 11,000 square feet. Foley said the company is aiming to open the facility in the second quarter.
Foley said the expansion into that part of North Carolina means Recharged can now cover everything from Richmond to Charlotte, and can present opportunities for serving customers farther into South Carolina, Georgia and Tennessee.
“The reason we picked Charlotte is it’s one of the fastest growing EV markets in the United States, it gives us what we feel like is the appropriate amount of space between our first operation here in Richmond,” Foley said.
Recharged has begun hiring for both its Fairfax and Charlotte locations. One of the company’s Richmond employees will be relocating to Charlotte to help kickstart that facility.
And though it’s in early stages, Foley said the company is also honing in on putting a dealership in Jacksonville, Florida.
“We’ve made it very clear that’s a market we’re looking at,” he said. “We are very actively pursuing two different locations there and expect that we’ll have an announcement in the coming months.”
John Foley, co-founder and co-owner of Recharged. (Jack Jacobs photo)
Foley said Jacksonville was attractive to Recharged for much of the same reasons Charlotte was, and presents opportunities to serve more customers in Florida and Alabama.
Recharged’s inventory currently sits at around 200 vehicles, with plans to scale up following the recent opening of a reconditioning hub in Chesterfield County and the upcoming Fairfax facility.
“By the end of Q1, that number, with those sites, should be over 300,” Foley said of the vehicle count. “When we add Charlotte, we’ll add about another 125 cars to that number, and then we’re looking in Jacksonville at properties that would come close to doubling all of that. It would be our largest operation if we can find the right spot.”
Foley noted that the recent $15 million capital raise will in part go toward moving into Jacksonville more quickly.
Recharged recently opened the doors on a vehicle reconditioning and servicing hub at 908 Southlake Blvd. in Chesterfield County in early January. That 7,000-square-foot space brought reconditioning in-house for the company for the first time, rather than relying on outside vendors.
The Southlake Boulevard property handles both cosmetic and mechanical inspections for Recharged’s inventory.
Recharged has raised just short of $20 million in total, Foley said. In early 2025, the company completed a $2 million capital raise led by New York-based private equity firm Gutter Capital.
Foley co-founded Recharged with Alan Shtraks in 2023.
Along with selling electric cars from brands like Tesla and Volkswagen, the company sells and installs at-home charging stations and provides educational resources about electric vehicles.
