About HEVO
HEVO is a company based in Brooklyn (United States) founded in 2011.. HEVO has raised $585 thousand across 6 funding rounds from investors including European Union, Ulu Ventures and INCENSe Accelerator. HEVO offers products and services including Rezonant E8 and Journey App. HEVO operates in a competitive market with competitors including WiTricity, Wiferion, Wireless Advanced Vehicle Electrification, Mojo Mobility and easE-Link, among others.
- Headquarter Brooklyn, United States
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Phone
*********
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Website
*********
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Social
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- Legal Name Hevo Inc
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Annual Revenue
$69.83 K0as on Dec 31, 2022
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Net Profit
$-3.06 M-30as on Dec 31, 2022
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EBITDA
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Total Equity Funding
$585 K (USD)
in 6 rounds
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Latest Funding Round
$500 K (USD), Seed
Sep 24, 2021
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Investors
European Union
& 2 more
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Employee Count
Employee Count
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Products & Services of HEVO
HEVO offers a comprehensive portfolio of products and services, including Rezonant E8 and Journey App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Device for wireless charging of electric vehicles.
App for managing and optimizing EV charging experiences.
Funding Insights of HEVO
HEVO has successfully raised a total of $585K across 6 strategic funding rounds. The most recent funding activity was a Seed round of $500 thousand completed in September 2021. 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 6
- Last Round Seed — $500,000
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First Round
First Round
(01 Jun 2013)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2021 | Amount | Seed - HEVO | Valuation |
investors |
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| Nov, 2018 | Amount | Seed - HEVO | Valuation | Ulu Ventures |
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| Jan, 2017 | Amount | Grant - HEVO | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in HEVO
HEVO has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include European Union, Ulu Ventures and INCENSe Accelerator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed-stage funding is provided to innovative founder teams.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by HEVO
| 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 - HEVO
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Hevo Comparisons
Competitors of HEVO
HEVO 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 WiTricity, Wiferion, Wireless Advanced Vehicle Electrification, Mojo Mobility and easE-Link, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Magnetic resonance-based wireless charging for electric vehicles is developed.
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| domain | founded_year | HQ Location |
Wireless charging systems for electric vehicle stations are developed.
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| domain | founded_year | HQ Location |
Wireless EV charging station developers
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| domain | founded_year | HQ Location |
Near-field technology is employed for wireless mobile device charging.
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| domain | founded_year | HQ Location |
Conductive self-charging technology for electric vehicles is developed.
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| domain | founded_year | HQ Location |
Wireless charging solutions are delivered via an AI platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Hevo
Frequently Asked Questions about HEVO
When was HEVO founded?
HEVO was founded in 2011 and raised its 1st funding round 2 years after it was founded.
Where is HEVO located?
HEVO is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
Is HEVO a funded company?
HEVO is a funded company, having raised a total of $585K across 6 funding rounds to date. The company's 1st funding round was a Grant of $85.61K, raised on Jun 01, 2013.
What is the annual revenue of HEVO?
Annual revenue of HEVO is $69.83K as on Dec 31, 2022.
What does HEVO do?
HEVO was founded in 2011 and is based in Brooklyn, United States. Wireless charging solutions for electric vehicles are developed and offered by the company, including hardware such as power pads and vehicle pads. Software-enabled features, cloud-based station management, and a mobile application for users are also provided. Operations focus on automated solutions and digital dashboards within the electric vehicle charging sector.
Who are the top competitors of HEVO?
HEVO's top competitors include Wiferion, Mojo Mobility and WiTricity.
What products or services does HEVO offer?
HEVO offers Rezonant E8 and Journey App.
Who are HEVO's investors?
HEVO has 3 investors. Key investors include European Union, Ulu Ventures, and INCENSe Accelerator.