EVoCharge, Inc.

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EVoCharge, Inc. - overview

Established

2009

Location

Los Angeles, CA, US

Primary Industry

Power & Utilities

About

EVoCharge, Inc. specializes in innovative electric vehicle charging solutions, providing advanced Level 2 Electric Vehicle Supply Equipment (EVSE) to enhance EV ownership experience. Founded in 2009 and headquartered in Los Angeles, US, EVoCharge, Inc. focuses on the development of electric vehicle charging infrastructure.


The company was founded by Joshua Kiewic, who has experience in the EV sector. In March 2019, Phillips & Temro Industries acquired a majority stake in EVoCharge, although the financial details of the deal were not disclosed. EvoCharge offers advanced electric vehicle charging solutions, particularly Level 2 Electric Vehicle Supply Equipment (EVSE). Their flagship product, the EvoCharge Home 50, is a 50 Amp Wi-Fi connected charging station that provides efficient charging for electric vehicles, including Tesla models, delivering up to 45 miles of range per hour.


Their diverse customer base includes individual EV owners, multi-family housing complexes, auto fleets, hospitality providers, educational institutions, local governments, hospitals, and workplace parking solutions, primarily serving the U. S. market with potential expansion into other North American regions as EV infrastructure demand increases. EVoCharge generates revenue through the sale of charging stations and cable management solutions.


Sales occur through direct-to-consumer channels and B2B partnerships with commercial entities such as hospitality providers and fleet operators. Their revenue model includes one-time hardware purchases and ongoing maintenance contracts for commercial clients, facilitating robust engagement across a wide array of customer segments. EVoCharge is focused on expanding its product range and enhancing its market presence. Following the acquisition in March 2019, the company plans to develop new products tailored to evolving customer needs.


Specific details on new product launches and target markets have not been disclosed. Recent funding will be directed toward research and development of innovative EV charging solutions to adapt to growing market demands.


Current Investors

Phillips & Temro Industries

Primary Industry

Power & Utilities

Sub Industries

Electric Utilities

Website

www.evocharge.com

Verticals

Clean Technology

Company Stage

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Total Amount Raised

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EVoCharge, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-onCompletedEVoCharge, Inc.-

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