About Wevolt
Wevolt is a company based in Perth (Australia) founded in 2022 by Amit Khullar, Sukh Singh Verka, Jagroop Gill, Madan Morris, and Taj Saini.. Wevolt has raised $2 million across 1 funding round. Wevolt offers products and services including Wevolt App and Wevolt Online Platform. Wevolt operates in a competitive market with competitors including Everty, Open Charge Map, Oceania EV Challenge and Unplugged Motion, among others.
- Headquarter Perth, Australia
- Founders Amit Khullar, Sukh Singh Verka, Jagroop Gill, Madan Morris, Taj Saini
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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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
$2 M (USD)
in 1 rounds
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Latest Funding Round
$2 M (USD), Seed
Jun 16, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Wevolt
Wevolt offers a comprehensive portfolio of products and services, including Wevolt App and Wevolt Online Platform. 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.
App for EV drivers to locate and use charging stations.
Platform for owners to manage and monetize EV chargers.
Funding Insights of Wevolt
Wevolt has successfully raised a total of $2M through 1 strategic funding round. The most recent funding activity was a Seed round of $2 million completed in June 2023. 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 — $2.0M
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First Round
First Round
(16 Jun 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2023 | Amount | Seed - Wevolt | Valuation |
investors |
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| 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 |
Investments & Acquisitions by Wevolt
| 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 - Wevolt
| 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 |
Wevolt Comparisons
Competitors of Wevolt
Wevolt 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 Everty, Open Charge Map, Oceania EV Challenge and Unplugged Motion, 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 |
EV charging points are located and listed through Everty's platform.
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| domain | founded_year | HQ Location |
Delivers an online map solution for electric vehicle charging stations.
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| domain | founded_year | HQ Location |
Oceania EV Challenge offers a reliable charging station locator app for electric vehicle drivers.
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| domain | founded_year | HQ Location |
Provides an online platform for locating electric vehicle charging stations.
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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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Frequently Asked Questions about Wevolt
When was Wevolt founded?
Wevolt was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Wevolt located?
Wevolt is headquartered in Perth, Australia. It is registered at Perth, Western Australia, Australia.
Who is the current CEO of Wevolt?
Jagroop Gill is the current CEO of Wevolt. They have also founded this company.
Is Wevolt a funded company?
Wevolt is a funded company, having raised a total of $2M across 1 funding round to date. The company's 1st funding round was a Seed of $2M, raised on Jun 16, 2023.
What does Wevolt do?
Wevolt was founded in 2022 in Perth, Australia, within the electric vehicle infrastructure sector. A network of EV chargers is managed, with a platform enabling community-based sharing. Solutions are offered for residential, commercial, fleet, parking lot, and other applications. Access is provided via a mobile app compatible with iOS and Android devices, supporting operations across various user needs.
Who are the top competitors of Wevolt?
Wevolt's top competitors include Everty, Open Charge Map and Oceania EV Challenge.
What products or services does Wevolt offer?
Wevolt offers Wevolt App and Wevolt Online Platform.
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