ChargeWheel, a San Francisco, CA-based provider of a clean, on-demand mobile charging hub for micromobility fleets and electric vehicles, secured $1m in seed funding.
Right Side Capital made the investment. An additional multimillion-dollar funding round is expected to close later this year.
The company intends to use the funds to launch its charging network in San Francisco Bay Area.
Led by Huzaifa Muhammad, CEO and Founder, ChargeWheel is advancing Energy Trailers, a combined solar power generation and energy storage solution for charging personal electric vehicles of all kinds. The Energy Trailer system is capable of simultaneously charging four electric vehicles or up to 400 e-bikes and e-scooters at DC fast charging (DCFC) speeds. The trailers will complement the company’s existing ChargeWheel Energy Delivery Vans, which are capable of deploying the Energy Trailers or recharging them if needed.
By Q4 2019, the company will have 100 Energy Trailers ready for deployment and accessible to micromobility fleet operators and EV drivers.
FinSMEs
26/03/2019