Tricopian Inc., a Del Mar, CA-based developer of a kiosk-based mobile device charging service, closed a financing with Decathlon Capital Partners.
The amount of the deal was not disclosed.
The company intends to use the funds to expand its capacity, build inventory and continue executing on its business plan to grow kiosk availability worldwide.
Founded in 2011 by Chi Yau, CEO, Tricopian kiosk-based charging service called FuelRod for portable battery-operated devices, including cell phones, tablets, flashlights and remote-control toys.
At kiosks and online at www.fuel-rod.com, customers can purchase kits which include a charger, a USB charging cable, adapters and a small, environmentally-friendly battery that delivers approximately 8 hours of cell phone talk time or 4 hours of tablet usage. Once depleted, the module can be exchanged at any FuelRod SwapBox for a fully charged FuelRod, or recharged with any standard USB adapter.