HEVO

Simple, seamless, safe wireless EV charging and end-to-end software

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Form C
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Security Type
CAFES
Categories
Technology, Financial Services, Transportation & Storage
Min Investment
$100
Location
NEW YORK, NY
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$3.14M
No. Investors
383
Security Price
$1
Website
hevo.com
Number of Employees
9
Cash
$194,323
Revenue
$69,827
Short Term Debt
$936,710
Cost of Goods
$114,284
Long Term Debt
$1,321,896
Net Income
$-3,062,223

Key Deal Facts

$2M in orders with automakers, fleets, and charging customers around the world
Product meets key industry performance, safety, and interoperability standards set by UL and SAE
$4M raised in last 12 months via crowdfunding on Republic
$1M development agreement with Oak Ridge National Labs and major automaker
Revenue projected (not guaranteed) to exceed $500M by 2027
Named 2022 Automotive New PACEpilot Innovation to Watch by leading auto industry publication

Management Team / Advisory Board Bios

Jeremy McCool Founder & CEOAfter serving in the US Army and obtaining his Master's in Public Administration at Columbia University, Jeremy founded HEVO in 2011 with the vision of creating the global standard for universal and ubiquitous wireless EV charging., Umer Anwer CTOAs HEVO's CTO, Umer leads the company's technology research, development, and strategy, including its collaboration with Oak Ridge National Laboratory. Umer offers 30 years of experience studying, leading, and teaching electronics design., Victor Peltola CCOVictor (Vic) joined HEVO in 2022 after a four-decade career in the automobile industry, including leadership roles at TRW, Flex, and Ford, where he led Ford's global purchasing strategy. Vic leads HEVO's global commercialization efforts., Sameer Rashid COOSameer has been in the climate tech and energy transition space since 2005. He is a multi-time investor in HEVO and chaired HEVO's Board of Advisors before becoming COO, where he oversees production, partnerships, recruiting, and projects., Thomas Armstrong Operations LeadThomas joined HEVO in 2022 after seven years in management consulting, where he led clean energy and cybersecurity modernization programs. At HEVO, Thomas supports the C-Suite with business development, finance, marketing, and other efforts.
Amount Raised : $2,146,994
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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