About this raise: Power Hero is here to bring power to the people -- electrical power, that is. Right now, gas stations outnumber public charging stations 10 to 1, making it difficult for electric vehicle (EV) owners to travel far from home. Power Hero plans to change that. Their solutions will make electricity public and turn any power source into a connected EV charging station, ultimately creating the “first dynamic peer-to-peer marketplace for EV charging.” Power Hero’s platform allows users to list existing electricity that can then be reserved and purchased by drivers everywhere, with everything from a private level-2 charger to a simple outdoor power outlet available. So far, Power Hero has already partnered with Arrow Electronics, for hardware development and middle-ware IoT support, and with Omni Tech Solutions, to scale up the development platform for launch. Power Hero is truly working to be the hero for EV owners...one charging station and outlet at at time.
Investment Overview
Invested : $183,275
Deal Terms
Total Commitments ($USD)
- Platform
- StartEngine
- Start Date
- 03/30/2018
- Close Date
- 10/29/2018
$10,000
$517,000
$200
Equity - Common
RegCF
$1.00
$5,121,476
Company & Team
Company
- Year Founded
- 2017
- Industry
- Transportation, Automotive, Aviation, & Aerospace
- Tech Sector
- Location
- La Verne, California
- Company Website
-
Visit Website
Team
- Employees
- 6
Financials
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Analyst Report 
Summary
Charging an electric vehicle is the number one concern of prospective EV buyers: Power Hero solves this problem by turning any electric outlet into a viable charging station.
You’re driving along the road in your beautiful new Tesla. It’s a sunny day, and as luck would have it the freeway is all yours. You turn the motor loose, and instant torque propels you to 90 mph before you can say “Now I know why they call it insane mode.” All of the sudden an alert flashes — you have 20 miles to battery depletion! Worse still, the closest super-charging station according to Tesla’s GPS mapping is 50 miles away. What do you do?
Maybe you should have listened to your parents and bought a gas guzzler after all.
Then you remember a new app you heard about: Power Hero. You quickly download and locate an apartment complex nearby with a Power Hero outlet adapter installed on an outdoor electrical outlet. The rate you’ll pay for using the complex’ electricity in a pinch is even more than fair.
Power Hero’s app directs users to the closest peer-to-peer charging station. Source: Power Hero via StartEngine.
Overview
“Now I know why they call it Power Hero,” you think to yourself, “it saved the day.
Electricity is everywhere, why isn’t the same true of EV charging stations?
The event described above doesn’t happen often. And Elon Musk is doing everything possible to assuage these fears by installing an extensive super-charging station network. Nevertheless, for anyone considering an electric vehicle as their next car, such a scenario has been imagined more than once. How could it not?
Which is why we here at KingsCrowd are so excited to introduce this week’s Top Crowd Deal: Power Hero. They say that solving an urgent problem is the best way to build a business — and Power Hero is making a strong attempt at just that.
Traditional gas stations vastly outnumber charging stations by more than 10-to-1. This is even though electric vehicle (EV) sales continue to climb and are expected to do so for as far out as analysts bother making such calculations. Enter Power Hero, a startup currently going through a crowdfunding round over at StartEngine. Power Hero has developed a cost-effective level 2 electric vehicle charter which, when combined with its GPS peer-to-peer app, makes for a dynamic network of charging stations anywhere there’s electricity.
Taking a step back, one can’t help but wonder why someone hasn’t made a Power Hero – like charger already.
Company Funding & Growth
Funding history
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.