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Jeff Wolfe, CEO of VELOCE ENERGY, a startup focused on accelerating the transition to a fully electrified future, announced the remaining company founders. “I am excited by the expansion of the founding team.” Wolfe said, “Having the talent and experience of these three co-founders puts VELOCE in a position to accelerate our product development, sales, and execution capabilities.”

In addition to Wolfe, founding team members are:

Mark Yates, Chief Operating Officer. Mark has a long and successful background in manufacturing technology & operations leadership. Most recently, as the Executive Vice President Operations with Tritium Americas, Mark established a new manufacturing facility and expanded back office and production capabilities. Previously as Regional CIO at JELDWEN Australia, he held responsibilities for technology and manufacturing expansion in the Asia-Pacific region.

Randy Palombi, Chief Sales Officer. Randy has a distinguished career in successfully creating high-volume sales with new products in new markets. Randy was most recently the Vice President of Sales for Tritium and was previously a member of the senior leadership team with Stem, where he pioneered energy storage infrastructure. Formerly he led utility management consulting engagements as a Director at PwC and retail energy and demand response product sales as a Vice President for Constellation Energy and CPower.

Mike Schenck, VP of Engineering and Product. Mike has a distinguished background in high power electronics product development and execution. Most recently he founded and operated Ipsum Power Corp, an engineering and technical marketing firm, assisting global companies on product strategy, development, and execution. Previously he founded Pursuant Power, a utility scale energy storage company. Mike also led First Solar Advanced Power Conversion and Plant Architecture teams, Semikron's Solutions & Systems group and has a background in critical power systems.

“I’m tremendously pleased and excited to be part of VELOCE,” Yates said. “Being involved in an organization whose goal is to accelerate the world’s transition to clean energy is a dream come true. I look forward to using my capabilities and experience in manufacturing and organization building to accelerate the growth and development of VELOCE.”

“While the EV charging market has evolved significantly in the past few years, new infrastructure solutions are necessary to achieve wide-spread transportation electrification cost-effectively”, Palombi stated. “I look forward to utilizing my experiences in EV charging, energy storage, and retail energy, along with applying established sales strategies to help transform this market around VELOCE’s innovative approach.”

“VELOCE is putting together a unique combination of technology and integrated design, which is unlocking substantial IP and technical capabilities needed by the market in a cost-effective manner,” Schenck said. “I look forward to accelerating the growth of EV charging through innovation.”

Serial entrepreneur Jay Baldwin, who assisted with the seed fundraising, will also be joining the firm in a senior business development role.


VELOCE ENERGY develops technology to create intelligent, flexible, scalable grid-edge energy networks (GrEEN). Initially focused on cost reduction in EV charging stations, the VELOCE FastGrid™ system uniquely combines energy storage, intelligence, a streamlined installation system, and a unique charging-infrastructure-as-a-service model to maximize and deliver customer value - FAST!

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