HEVO (2023)
About this raise
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.
Investment Overview
Invested : $848,628
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 09/23/2022
- Close Date
- 04/30/2023
$50,000
$3,100,000
$100
SAFE
Growth Stage
RegCF
$50,000,000
15%
Company & Team
Company
- Year Founded
- 2011
- Industry
- Energy, Power, & Natural Resources
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- High
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $12,400,000
- VC Backed?
- Yes
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 11/20/2025 | Wefunder | $75,000,000 | $2,475,589 | Equity - Common | Active | Test the Waters |
| 04/30/2023 | Wefunder | $50,000,000 | $848,628 | SAFE | Funded | RegCF |
| 08/17/2022 | Republic | $50,000,000 | $1,937,219 | SAFE | Funded | RegCF |
| 10/04/2021 | Republic | $50,000,000 | - | SAFE | Funded | RegD 506(c) |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.