Dear Investor,

I founded HEVO in 2011 after returning from combat deployment in Iraq, where I witnessed firsthand the geopolitical consequences of our global reliance on fossil fuels.  

Upon returning, I realized electric vehicles as a critical technology to solving that reliance, and identified EV charging as a critical barrier to EV adoption. 

For all the innovation in electric vehicles, we're still charging them with a technology concept that hasn't fundamentally changed in over a century - plugging in a cable. It's inconvenient, often unreliable, and incompatible with the future of autonomous vehicles.

So we built a better way.

HEVO has developed wireless charging technology that transforms the EV experience into something as simple as parking your car. No cables, no plugs, no hassle. Just power flowing effortlessly from the ground to your vehicle.

Today, I'm proud to share that HEVO is 

• Advancing multiple automaker wireless charging production programs for $100M+ targeted revenues starting in 2028
• Targeting 7+ new EV platforms as the reference design selected by multiple global automakers 
• Partnering with Stellantis to integrate wireless charging into their EVs

If you don’t believe EVs are the future, HEVO is probably not for you. 

But if you believe, as we do, that the electric future is inevitable, I invite you to take a deeper look, because this isn't just another EV charging play, it's an opportunity to invest in what we believe will be the essential infrastructure for the future of transportation. 

To date, we've raised nearly $13 million from VCs and over 3,700 investors who share our vision. Now, we're inviting you to join us at a pivotal moment in our journey.

Sincerely,

Jeremy McCool

Founder & CEO, HEVO

U.S. Army Veteran

Plug-in EV charging is a stopgap solution. The future of electric vehicles is wireless charging that’s as innovative as the vehicles themselves. 

HEVO has developed a revolutionary and patented wireless charging system for electric vehicles that eliminates the need for cables and plugs. 

Our system includes vehicle-mounted receivers and grid-connected charging pads that work together to transfer power wirelessly with efficiency comparable to traditional plug-in charging. Already selected by major global automakers for integration into multiple vehicle platforms, HEVO's technology is certified to meet both UL safety standards and SAE interoperability standards, ensuring universal compatibility across vehicle brands.

HEVO delivers wireless charging that is…

• Cost-Competitive: On par with plug-in charging, up to 90% cheaper than wireless competitors
• High-Efficiency: Up to 93% grid-to-battery efficiency, matching plug-in systems

All this without cables, plugs, or manual connections. 

Hevo Rectifier, Polemount, Receiver, Transmitter, FOD & Inverter

• Our polyphase technology (co-developed with Oak Ridge National Labs) delivers 8× more power per square meter than competitors. 
• Competitive RFQs and RFIs with major automakers revealed we are up to 80% cheaper than our wireless charging competition based on pricing, performance, size, and weight.

This means HEVO can achieve in one charging pad what would require eight pads from competitors, while maintaining cost parity with traditional plug-in systems.

• Future-Proof: Ready for autonomous vehicles adoption with hands-free wireless charging
• Bi-Directional: Turn your car into a home generator during outages or peak pricing

While convenient for human drivers, wireless charging is essential for autonomous vehicles. Tesla's $76M acquisition of wireless charging company Wiferion confirms this critical technology need. HEVO provides the path forward for both current and future vehicles.

Despite all the innovation in electric vehicles, we're still charging them with technology that hasn't fundamentally changed in a century – plugging in a cable. 

"Charging anxiety" – the constant worry about where, when, and if you'll be able to charge – is the EV owner's nightmare. 

This leads to several challenges:

The solution isn't making better cables or more adapters.

It's eliminating them entirely.

HEVO has built best-in-class wireless charging technology for electric vehicles.

HEVO Performs On Par with Plug-In Systems

HEVO has achieved what no competitor has:

• Best In Class Certifications: Dual certification with both UL 2750 and SAE J2954
• PACEpilot Award Winner (2022): The industry's most prestigious innovation award
• 17 Issued Patent Families: Strong IP portfolio with 17 patent families. We have plans to potentially double our IP portfolio in less than two years. 
• Polyphase Technology: 8x more power in the same space compared to competitors, co-developed with Oak Ridge National Labs (“ORNL”)

One Square Meter of HEVO has the same power as up to 8 Square Meters of Competitor Chargers

Switching from Plug-in Charging to HEVO is simple

HEVO isn't just another startup with a prototype. 

We’ve already partnering with Stellantis, the world’s 4th largest automaker, to integrate wireless charging into Stellantis EVs.

We are also advancing multiple automaker wireless charging production programs for $100M+ targeted revenue starting in 2028. We can’t tell you the automaker names just yet, but we’re pretty sure you’ve heard of them. Let’s call them OEM 1 and OEM 2. 

OEM 1

• Agreement signed as preferred developer and supplier of EV charging
• Pursuing wireless electric vehicle charging for 4 EV platforms

OEM 2

• Pursuing wireless electric vehicle charging for 3 EV Platforms and selected as preferred developer for this program

With just these two potential customers, we have a production target of 75k-100k units/year, with a potential revenue of $100M+/year. And that’s just the start.

By 2030, EVs are expected to make up over 40% of global car sales (source), with the market projected to reach $2.5 trillion by 2034 (source).

The global EV charging station market is projected to grow from approximately $21.8 billion in 2025 to over $414 billion by 2033, reflecting a staggering CAGR of 44.5% (source).

But there’s a bigger story here.

We don’t see a world where autonomous vehicles are not the norm. 

Once the autonomous vehicle technology is fully deployed, there’s no reason for people to be driving themselves. 

But autonomous vehicles can’t plug themselves in. You need people for that.

The solution?

Wireless charging, of course. 

In fact, Tesla’s acquisition of wireless charging company, Wiferion, for a reported $76M in 2023, indicates they are preparing for this future.

And while Tesla is preparing to vertically commercialize their wireless EV charging for their cars and autonomous EVs, HEVO’s technology is being targeted and selected by the other automakers. 

Our vision is to be the universal solution for all other automakers, providing best-in-class performance, price, size, and weight.

After being forced by market pressures to adopt Tesla's proprietary charging standards for plug-in charging, other major automakers are looking for an independent solution.

We believe that solution is HEVO. 

HEVO has a dual revenue approach that combines immediate hardware sales with recurring high-margin software revenue:

1. Rezonant™ Hardware: Factory-installed in new EVs and charging infrastructure. The charging infrastructure can be offered: 

• Directly by the automaker as package with the vehicle
• Through their dealership network
• Third party distributors
• Directly through HEVO

1. Journey™ Software: SaaS platform with recurring revenue for charging networks, user experience, and fleet management

• Fleet yards and public charging stations: Subscription for operations and payment management
• Home charging: Bi-directional charging with grid management and advanced features
• Future revenue streams: Subscription payments for public charging instead of pay-as-you-go, advertising at charging stations, and more

This creates a powerful flywheel effect

Building transformative infrastructure for the automotive industry requires visionary leadership and deep industry expertise. 

HEVO has assembled a team with over 100 years of combined automotive experience, including executives who've successfully exited EV charging companies, and automotive leaders from Tesla, GM, Ford, Rivian, and BMW. We believe our team has both the technical knowledge and industry relationships critical for bringing wireless charging to market at scale.

We're raising through WeFunder to drive our next phase of growth, and ensure anyone who truly believes in our mission can become an investor. For a limited time, we're offering special incentives:

Returning HEVO Reg CF SAFE Noteholders

Early Participation Bonus – $1K Commitment or Greater

Invest $1,000+ by 11:59 PM CT, Saturday, May 31, 2025 → 5% bonus in penny warrants

At HEVO, we’re not just building wireless electric charging, we believe we’re building the essential infrastructure that will power the global EV future. We building a company to provide charging hardware and software that enables EV wireless power at home, in parking lots, and ultimately, on the open road, where you can dynamically charge while driving without ever having to stop and charge, we have a bold vision for HEVO.

We want you to be part of the journey and help us build the future.

Your Investment Goes Directly To:

• Securing production agreements with major automakers
• Advancing the next stages of HEVO Rezonant™ developments for faster power generation
• Growing HEVO Journey™ software platform
• Scaling our wireless charging infrastructure for early adopter fleets

From electric vehicle adoption, to autonomous technology, to renewable energy integration, we believe a wireless charging company being built today will come to dominate this market. 

We believe that we have the team, the technology, and the drive to win. 

We invite you to join us as we build the wireless infrastructure that will power the future of transportation. 

Join us as an investor today.