HeyCharge Announces $4.7M Seed Funding Round
HeyCharge Closes Their Seed Funding Round Led by BMW i Ventures
We’re excited to announce that HeyCharge has closed a $4.7M seed funding round following our participation in Y Combinator’s Summer 2021 batch. We couldn’t be happier with our lead investor, BMW i Ventures - hailing from our home city in Munich, Germany and bringing strong automotive industry credentials, insight and connections with their relationship to the BMW brand. Numerous additional investors with energy and related industry credentials joined the round including Statkraft Ventures, First Momentum Ventures, and Vireo Ventures as well as some heavy-hitting angels.
The HeyCharge team humbly accepts the recognition from automotive and energy industry experts that we provide a real solution to problems faced by EV drivers who desire charging in semi-private environments such as apartment buildings. Since HeyCharge’s first moments, we wanted to build a company with the technology, product vision, and resources to fundamentally democratize access to EV charging infrastructure to include people in all kinds of housing. This funding round gives us the financial backing and resources to make this happen.
Our next step is to build the world-class company we know HeyCharge can be. To get there, we’re ramping up hardware production, accelerating our hardware roadmap to include hardware devices for Europe and the United States, and hiring engineers, go-to-market leaders, and operations experts to help us deliver our best-in-the-industry user experience to the coming wave of EV drivers around the world. We’ve started commercial, revenue-generating installations of sites across Germany powered by our unique SecureCharge technology.
The founding team wholeheartedly thanks those who believed in HeyCharge during our pivotal early days, including Y Combinator, UnternehmerTUM and XPRENEURS, EIT Climate-KIC, and the Plug and Play Energy program. HeyCharge benefited tangibly from this support and we eagerly await the next wave of talent uncovered by each of these stellar programs.
HeyCharge's mission is to make electric vehicle charging ubiquitous and affordable, starting with retrofitting apartment buildings across Europe. We offer a no-hassle, fast retrofit of low-cost electric vehicle chargers to your residential multi-unit property (e.g. a parking garage below an apartment building). We offer ZERO UPFRONT COST for installation.
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