About Cheelcare
Cheelcare is a company based in Richmond Hill (Canada) founded in 2015 by Eugene Cherny and Dima Paltsev.. Cheelcare has raised $173.6 thousand across 1 funding round. Cheelcare operates in a competitive market with competitors including Evika, Advanced Mobility, Argonault, Blue Horizon AI and Amysystems, among others.
- Headquarter Richmond Hill, Canada
- Founders Eugene Cherny, Dima Paltsev
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Sectors
HealthcareTransportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$173.6 K (USD)
in 1 rounds
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Latest Funding Round
$173.6 K (USD), Seed
Jan 29, 2025
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Investors
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Employee Count
Employee Count
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Funding Insights of Cheelcare
Cheelcare has successfully raised a total of $173.6K through 1 strategic funding round. The most recent funding activity was a Seed round of $173.6 thousand completed in January 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $173,597
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First Round
First Round
(29 Jan 2025)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2025 | Amount | Seed - Cheelcare | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Cheelcare
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cheelcare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cheelcare Comparisons
Competitors of Cheelcare
Cheelcare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Evika, Advanced Mobility, Argonault, Blue Horizon AI and Amysystems, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Assistive devices for disabled individuals are provided by Evika.
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| domain | founded_year | HQ Location |
Mobility assistance products including wheelchairs and scooters are manufactured.
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| domain | founded_year | HQ Location |
Power wheelchairs and mobility scooters are developed for differently-abled users.
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| domain | founded_year | HQ Location |
Develops innovative technologies for autonomous wheelchairs to assist the mobility impaired.
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| domain | founded_year | HQ Location |
Produces innovative power wheelchairs, seating, and walking aids for enhanced mobility support.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cheelcare
Frequently Asked Questions about Cheelcare
When was Cheelcare founded?
Cheelcare was founded in 2015 and raised its 1st funding round 10 years after it was founded.
Where is Cheelcare located?
Cheelcare is headquartered in Richmond Hill, Canada. It is registered at Richmond Hill, Ontario, Canada.
Who is the current CEO of Cheelcare?
Eugene Cherny is the current CEO of Cheelcare. They have also founded this company.
Is Cheelcare a funded company?
Cheelcare is a funded company, having raised a total of $173.6K across 1 funding round to date. The company's 1st funding round was a Seed of $173.6K, raised on Jan 29, 2025.
What does Cheelcare do?
Cheelcare was founded in 2015 and is based in Richmond Hill, Canada. Smart power wheelchairs are designed and developed by the company for elderly individuals and people with disabilities. Two models are offered: the Xceed with a 50 km range and the Curio with a 30 km range. Features include an automated reclining system, joystick controller, rear-view camera with HD display, proprietary software algorithms, and electromagnetic braking.
Who are the top competitors of Cheelcare?
Cheelcare's top competitors include Evika, Argonault and Advanced Mobility.