HEVO

HEVO

Growth Stage

Wireless EV charging: certified hardware + software commercially available today

Wireless EV charging: certified hardware + software commercially available today

Overview

Raised to Date: Raised: $848,628

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/22/2022

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$3,100,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$50,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$3,875

# of Investors

1,100

Momentum
Funded
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Year Founded

2011

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Brooklyn, New York

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: 09/22/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
HEVO 04/29/2023 Wefunder $50,000,000 $848,628 SAFE Funded RegCF
HEVO 08/16/2022 Republic $50,000,000 $1,937,219 SAFE Funded RegCF
HEVO 10/03/2021 Republic $50,000,000 - SAFE Funded RegD 506(c)
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

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.

Employee History

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HEVO on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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