HEVO

Growth Stage

Wireless EV charging: certified hardware + software commercially available today

Overview

Raised to Date: Raised: $533,633

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/23/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$3,100,000

Min. Investment

$100

Security Type

SAFE

Series

Seed

Funding Type

RegCF

Valuation Cap

$50,000,000

Discount Rate

15%

Rolling Commitments ($USD)

Status

Active

Reporting Date

02/01/2023

Days Remaining

88

% of Min. Goal

1,067%

% of Max. Goal

17%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,074

# of Investors

639

Momentum
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Location

Brooklyn, New York

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Business Type

High Growth

HEVO, with a valuation of $50 million, is raising funds on Wefunder. The company has developed wireless EV charging technology to meet universal safety and performance standards. HEVO is building the global wireless charging standard for EVs to make EV charging simple and universal with its universally adaptable chargers integrated with the EV transportation app. HEVO has done successful pilots with major auto and energy companies and has a robust IP portfolio. Jeremy McCool founded HEVO in November 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $3,100,000. The campaign proceeds will be used for production costs, operating expenses, salaries, and general capital expenditures.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$69,827

$0

COGS

$114,284

$0

Tax

$1,934

$1,905

 

 

Net Income

$-3,062,223

$-2,347,681

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$194,323

$2,863

Accounts Receivable

$30,701

$0

Total Assets

$1,275,550

$351,446

Short-Term Debt

$936,710

$1,082,231

Long-Term Debt

$1,321,896

$0

Total Liabilities

$2,258,606

$1,082,231

Financials as of: 09/23/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
HEVO 04/30/2023 Wefunder $50,000,000 $533,633 SAFE Active RegCF
HEVO 08/17/2022 Republic $50,000,000 $1,937,219 SAFE Funded RegCF
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HEVO on Wefunder 2022
$
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000
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