Wefunder logo

Invest in HEVO

Powering the Future of Electric Mobility

Exclusive
Friends Invest First
Public Launch on May 31 @ 12:00 AM ET
35
day
18
hour
47
min
18
sec
INVESTMENT TERMS
Priced Round
$60M pre-money valuation

Highlights

1
VC Backed: Ulu Ventures, VoLo Earth Ventures, and Jeff Bezos' Dream Fund
2
Funding: $4.35M raised in the last 24 months from accredited HEVO investors with ~$19M total to date
3
Automaker Contract: Strategic Partnership Agreement targeting 50K units (> $100M/year)
4
Early Supplier Involvement Agreement: European automaker targeting 30K units (> $50M/year)

Featured Investors

Invested $532,000

VoLo Earth provides first-in funding and hands-on leadership to companies that are unlocking an economic-led transformation of the rapidly-evolving global energy economy.

voloearth.com
Joseph Goodman, Co-Founder & Managing Partner at VoLo Earth Ventures

“https://www.voloearth.com/”

Invested $500,000

Dream Machine Innovation Lab is a non-profit organization that builds networks that change the world. By uniting leaders with divergent points of view and championing high technology in our communities.

Van Jones, Founder

“https://www.dreammachine.org/”

Our Team

CEO and Chairman
Jeremy founded HEVO to reduce fossil fuel dependence by accelerating EV adoption. Under his leadership, HEVO achieved UL and SAE certifications, secured automaker agreements and ~$19M in investment. He is a Columbia SIPA grad and a US Army combat veteran.
Our founder served as an Army Captain in Iraq and came home determined to reduce global reliance on fossil fuels. HEVO is on a mission to achieve that outcome by accelerating EV adoption.
Jon HollandFinance and Operations
Jon led two successful exits before joining HEVO, serving as CFO at Qmerit and EV Connect, both acquired by Schneider Electric. At Qmerit, he managed turnkey home EV charger installations for 80% of global car manufacturers.
Commercial and Marketing
Bob served as VP of Digital Services and Marketing Technologies for FordDirect, delivering digital marketing solutions to Ford and Lincoln dealers. He pioneered cross-tier, cross-product strategies, launched AI-driven audience delivery to 2000+ dealers.

HEVO: Powering the Future of Electric Mobility

  1. U.S. Army Combat Veteran Founded: Established by CEO Jeremy McCool in 2011 to reduce fossil fuel dependence by accelerating the adoption of electric vehicles (EVs).
  2. Certified Wireless Charging Technology: HEVO is the world's first and only wireless charging company to achieve both UL and SAE certifications.
  3. Automaker Agreements: Secured development and commercial agreements with major automakers.
  4. Funding: Obtained approximately $19 million in investment with participation from leading impact VCs like Ulu Ventures, VoLo Earth and Jeff Bezos' Dream Fund.
  5. Awards and Patents: Honored with the Automotive News PACEpilot award and received 17 USPTO-awarded patent families and four trademarks.
  6. Expert Team: Built a world-class team of automotive experts with over 100 years of combined commercialization experience.

HEVO Leading the Way

  1. Creating Pull: Fleet operators are eager for wireless charging because it eliminates the need for manual plug-in and plug-out processes, streamlining operations and reducing labor costs. Automotive Original Equipment Manufacturers (OEMs) recognize that retail customers also desire this same convenience, making it a compelling feature for consumer vehicles.
  2. Pricing and Cost Improvements: Integrating HEVO wireless charging products adds approximately $250 to the OEM's Bill of Materials (BOM). However, it can potentially eliminate $250-$500 in plug-in wiring content, leading to significant savings. For an OEM producing 4 million units annually, this translates to up to $1 billion in annual discontenting savings. Additionally, automakers have consistently reported that HEVO is 80-90% cheaper than other wireless EV charging developers they have sourced pricing from for development programs.
  3. Reduced Manufacturing Complexity: Wireless charging reduces manufacturing complexity by eliminating components such as EV charging ports and couplings, simplifying the production process.
  4. Customer Desire: Wireless charging represents the future of EV charging technology, offering a universal method for charging anywhere in the world, similar to how mobile phones can universally wirelessly charge. Plug-in charging is becoming obsolete due to higher CapEx and OpEx costs compared to HEVO wireless charging products, and the complexity of multiple connector options.
  5. First to Market Rush: Legacy automakers are quickly adopting HEVO's technology to become first adopters, gaining a competitive edge and a technology halo over their brand, enhancing their market position.
  6. Proven Technology: HEVO's product is designed, tested, and validated, ensuring reliability and performance. This technology is ready for immediate implementation, with no dependency on future inventions or requirements for licensing technology from other developers. HEVO owns the entire proprietary technology stack for its wireless vehicle hardware, wireless charging hardware, and software.
  7. Competition: HEVO faces virtually no competition in the wireless charging segment in terms of pricing, performance, and automaker customers moving towards vehicle integration for production. Other companies are targeting different market segments, and Tesla is focused solely on supplying their own vehicles.
  8. Governance: HEVO has uniquely assembled a proven leadership and governance team with expertise in the automotive and wireless charging space, ensuring strong leadership and strategic direction.











Overview