Aeoncharge

Electric Vehicle Charging Platform

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Security Type
Preferred Stock
Categories
Infrastructure, Technology, Sustainability
Min Investment
$100
Location
West Lafayette, IN
Offering Date
June 10, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$429.21K
Security Price
$1.60
Valuation
$12,000,000
Website
aeoncharge.com
Number of Employees
5
Cash
$18,888
Revenue
$0
Short Term Debt
$20,938
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-167,647

Company Description

AeonCharge is building universal mobile apps for EV drivers to locate, activate, and pay for EV chargers across different providers. Our solution to an inevitable problem in the EV space is consolidation. AeonCharge’s universal platform provides the necessary integration of all EV charging tools in a streamlined application.

Key Deal Facts

VC-backed and raised $500,000
Pepperdine most fundable startups top 100
Backed by 17 electric vehicle (EV) clubs presidents, representing states in the United States
Mentored by Y Combinator and Techstars Executives
$2.1 billion market opportunity in 2025
Fast growing industry with 46.6% CAGR
Validated with net promoter score (NPS) of 84

Use of Proceeds

  • ($50,000) 75% product development, 19.5% SG&A, 5.5% WeFunder platform fee
  • ($429,205) 8.5% marketing, 6.3% SG&A, 6.3% legal and professional services, 5.3% operating and overhead, 2.8% relocation, 1.5% UI/UX, 3.8% customer experience, 30.8% human capital, 29.2% product iteration, 5.5% WeFunder platform fee

Management Team / Advisory Board Bios

Dwi Sutandar, CEO/Co-founder
Previous experience in successfully growing an international venture. Equipped with multiple recognition in engineering and technology fields.

Christopher Jing, COO/Co-founder
Finance and business strategy experience at Microsoft and Accenture

Lin Sun Fa, CPO/Co-founder
Previous experience as the board member and chief operating officer in an international non-profit organization.
Amount Raised : $334,321
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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2 Comments

John M, 2 years ago

I love this idea! I drive an EV and hate using multiple apps for charging. This is a game-changer for sure!

Timothy R, 2 years ago

I have talked with AeonCharge founders at an electric vehicle event earlier this year. Each of the cofounders is amazing. They have shown real traction and exceptional execution.