About Xeal
Xeal is a company based in California City (United States) founded in 2019 by Nikhil Bharadwaj and Alexander Isaacson.. Xeal has raised $51 million across 4 funding rounds from investors including Harrison Street, Bridge Community Bank and Hunt Companies. Xeal offers products and services including EV Charging Platform and Driver App. Xeal operates in a competitive market with competitors including Monta, SWTCH, AmpUp, Smartcar and Fuuse, among others.
- Headquarter California City, United States
- Founders Nikhil Bharadwaj, Alexander Isaacson
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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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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$51 M (USD)
in 4 rounds
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Latest Funding Round
$10 M (USD), Debt – Conventional
Dec 15, 2022
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Investors
Harrison Street
& 15 more
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Employee Count
Employee Count
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Products & Services of Xeal
Xeal offers a comprehensive portfolio of products and services, including EV Charging Platform and Driver 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.
Patented system for reliable EV charging with uptime and load management.
App for seamless EV charging access and payments for users.
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Funding Insights of Xeal
Xeal has successfully raised a total of $51M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $10 million completed in December 2022. 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 4
- Last Round Debt – Conventional — $10.0M
- First Round First Round
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2022 | Amount | Debt – Conventional - Xeal | Valuation |
investors |
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| Nov, 2022 | Amount | Series B - Xeal | Valuation | Keyframe | |
| Oct, 2021 | Amount | Series A - Xeal | Valuation | ArcTern Ventures , Moderne Ventures |
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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 |
Investors in Xeal
Xeal has secured backing from 16 investors, including institutional and venture fund investors. Prominent investors backing the company include Harrison Street, Bridge Community Bank and Hunt Companies. 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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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage investments are provided to US tech and offline companies.
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Founded Year | Domain | Location | |
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Venture capital fund focused on multiple sectors
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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 Xeal
| 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 - Xeal
| 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 |
Xeal Comparisons
Competitors of Xeal
Xeal 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 Monta, SWTCH, AmpUp, Smartcar and Fuuse, 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 |
Monta is recognized as a provider of EV charging software solutions.
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| domain | founded_year | HQ Location |
Provider of EV charging management systems
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| domain | founded_year | HQ Location |
Tech-enabled platform offering charging point management solutions
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| domain | founded_year | HQ Location |
Provider of SaaS-driven API platform for connected car data
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| domain | founded_year | HQ Location |
Electric-vehicle charging stations are managed via a SaaS platform.
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| domain | founded_year | HQ Location |
Provider of electric vehicle station management solution
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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 Xeal
Frequently Asked Questions about Xeal
When was Xeal founded?
Xeal was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Xeal located?
Xeal is headquartered in California City, United States. It is registered at California City, California, United States.
Who is the current CEO of Xeal?
Alexander Isaacson is the current CEO of Xeal. They have also founded this company.
Is Xeal a funded company?
Xeal is a funded company, having raised a total of $51M across 4 funding rounds to date. The company's 1st funding round was a Series A of $11M, raised on Aug 27, 2020.
What does Xeal do?
Xeal was founded in 2019 in California City, United States, within the electric vehicle infrastructure sector. A cloud-based platform for EV charging management is offered, serving apartments, condos, and workplaces. Solutions encompass installation services, software for charger oversight, and mobile applications compatible with Android and iOS devices. Networking of EV chargers is enabled across these environments to support operational needs.
What products or services does Xeal offer?
Xeal offers EV Charging Platform and Driver App.
Who are Xeal's investors?
Xeal has 16 investors. Key investors include Harrison Street, Bridge Community Bank, Hunt Companies, Pasadena Angels, and Keyframe.
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