About HEVO
HEVO is a Transportation, Automotive & Logistics company based in Brooklyn (United States) founded in 2011. Wireless charging hardware and software for electric vehicles are provided. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. 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. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Wireless Charging. Its legal entity is HEVO Inc. Its competitors include WiTricity, Wireless Advanced Vehicle Electrification and Mojo Mobility; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Annual Revenue$69.83 K (USD)as on Dec 31, 2022
- Net Profit-$3.06 M (USD)-30as on Dec 31, 2022
- Total Equity Funding$585K (USD)
in 6 rounds
- Latest Funding Round$500K (USD), Seed
Sep 2021
- InvestorsEuropean Union
& 2 more
Products & Services of HEVO
HEVO offers a comprehensive portfolio of products and services, including Rezonant E8 and Journey App.
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 $585,000
- Total Rounds 6
- Last Round Seed — $500,000
- First Round $55,000
(Jun 2013)
- Investors Count 3
All 6 funding rounds of HEVO with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2021 | $500,000 | Seed | – | – | – |
| Nov 2018 | Seed | – | Ulu Ventures | – | |
| Jan 2017 | $85,613 | Grant | – | – | |
| Apr 2015 | Grant | – | – | ||
| Oct 2013 | $30,000 | Seed | – | – | – |
| Jun 2013 | $55,000 | Seed | – | – | – |
3 investors in total: 3 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage funding is provided to innovative founder teams. | uluventures.com | Palo Alto, United States | ||
| incense-accelerator.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium |
Investor details for HEVO
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Timeline of HEVO
3 dated milestones of HEVO across 10 years, from founding to its latest funding, stage changes and deals.
- Founded HEVO is founded.
- Funding First funding round of $55K.
- Funding Latest funding round, Seed, of $500K.
Competitors of HEVO
HEVO has 3 listed competitors in our database, 3 of them funded. They include WiTricity, Wireless Advanced Vehicle Electrification and Mojo Mobility.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| witricity.com | 2007 | Watertown, United States | $146M | 48 | Magnetic resonance-based wireless charging for electric vehicles is developed. | |
| waveipt.com | 2011 | Salt Lake, United States | $22.49M | Wireless EV charging station developers | ||
| mojomobility.com | 2005 | Sunnyvale, United States | $3.76M | Near-field technology is employed for wireless mobile device charging. |
Detailed competitors of HEVO
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of HEVO
The website of HEVO (hevo.com) receives about 3K visits a month.
- Monthly visits3K
▲ 39.5% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as HEVO (Electric & Green Mobility) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | 2,813 | ||
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 |
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Related news about Hevo
Complete news archive for HEVO
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Frequently Asked Questions about HEVO
HEVO was founded in 2011 and raised its 1st funding round 2 years after it was founded.
HEVO is headquartered in Brooklyn, United States. It is registered at Brooklyn, New York, United States.
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 Seed of $55K, raised on Jun 2013.
Annual revenue of HEVO is $69.83K as on Dec 31, 2022.
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.
HEVO's top competitors include Mojo Mobility, WiTricity and Wireless Advanced Vehicle Electrification.
HEVO offers Rezonant E8 and Journey App.
HEVO has 3 investors. Key investors include European Union, Ulu Ventures, and INCENSe Accelerator.
HEVO operates through Hevo Inc.