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Founded Year

2011

Stage

Option/Warrant - II | Alive

Total Raised

$30K

Last Raised

$570K | 2 mos ago

About HEVO

HEVO focuses on the development of wireless charging technology for electric vehicles, operating within the electric vehicle industry. The company's main offerings include wireless charging products. The company primarily serves the electric vehicle industry. HEVO was formerly known as Hevo Parts. It was founded in 2011 and is based in Brooklyn, New York.

Headquarters Location

147 Prince Street

Brooklyn, New York, 11201,

United States

718-222-4386

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Expert Collections containing HEVO

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

HEVO is included in 1 Expert Collection, including Auto Tech.

A

Auto Tech

3,931 items

Companies working on automotive technology, which includes vehicle connectivity, autonomous driving technology, and electric vehicle technology. This includes EV manufacturers, autonomous driving developers, and companies supporting the rise of the software-defined vehicles.

HEVO Patents

HEVO has filed 16 patents.

The 3 most popular patent topics include:

  • battery electric vehicle manufacturers
  • battery electric cars
  • wireless energy transfer
patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/3/2021

1/2/2024

IPad, Discontinued products, Battery electric vehicle manufacturers, DC power connectors, Battery electric cars

Grant

Application Date

3/3/2021

Grant Date

1/2/2024

Title

Related Topics

IPad, Discontinued products, Battery electric vehicle manufacturers, DC power connectors, Battery electric cars

Status

Grant

Latest HEVO News

Wireless charging for electric cars is inching closer to reality

Feb 21, 2024

Charging bays are seen at an indoor electric vehicle charging station in San Francisco. Multiple startups have spent years working towards a world in which wireless charging goes mainstream, and as EV adoption picks up, momentum is building to make that dream a reality. — AP Someday soon, plug-in cars may no longer need a plug. Electric car drivers would simply pull into a specialised parking space when it’s time to power up, wait for a light on their dashboard to switch on, and then hop out of the car and go about their day. This is the promise of wireless EV charging, an inductive transfer of electrons that would eliminate the need for all those pesky cords. Multiple startups have spent years working towards a world in which wireless charging goes mainstream, and as EV adoption picks up, momentum is building to make that dream a reality. Companies are coalescing around standardised technology, automakers are embarking on wireless experiments, and municipalities are mapping out use cases. Even Tesla Inc is interested. But major hurdles remain, chief among them slow charging speeds and the money and interest needed to build stations and get more carmakers on board. While charging without a cord sounds great on paper, the technology faces the same paradox that’s impacting the rollout of public plugs: Stronger consumer demand could push car companies to take up wireless charging, but growth in EV demand is stymied in part by anxiety about public charging. “If I was a car manufacturer, I’d probably be reluctant to put it on a vehicle today just because there’s not any wireless chargers out there,” says Michael Weismiller, program manager for electrification R&D in the US Department of Energy’s Vehicle Technologies Office. “You really have to see the infrastructure and the vehicles get deployed at the same time for it to ultimately make sense.” Wireless, or inductive, EV charging works by using magnetic resonance and a charging pad to generate a power-transmitting field. When a coil in a receiver under the car aligns with a coil in the charging pad, the receiver captures that energy and feeds it to the car’s battery. The technology is similar to wireless phone charging, which also requires a receiver and aligned coils; but EV systems can work with up to 10 inches (250 millimeters) of separation. Speed is an issue, though. Most wireless chargers are on par with a Level 2 charger (the kind you’d use at home) and not the DC fast chargers available at many public stations. Electric cars also need to be designed with wireless charging in mind. While retrofitting EVs is doable, in practice it can void the car’s battery warranty, says Amaiya Khardenavis, an analyst at Wood Mackenzie. For carmakers, enabling wireless charging is still difficult to justify: It’s expensive, and there aren’t yet charging stations to make it a compelling perk for car buyers. Alex Gruzen, chief executive officer at Massachusetts-based WiTricity Corp, says his company’s wireless charging capability will cost automakers several hundred dollars per car, and consumers at least US$2,500 to start – both figures he sees falling over the next five years. These hurdles mean that, for now at least, wireless EV charging mostly exists in the form of pilot projects. Some automakers in China and South Korea are testing the technology on new passenger cars, but many wireless-charging trials are geared at commercial vehicles, which tend to have consistent routes and the luxury of powering up overnight in fixed parking spaces. “You can deploy the chargers at specific locations on the routes throughout the day,” says Loren McDonald, founder and CEO of EVAdoption, an electric vehicle analyst firm. This summer, WiTricity plans to roll out its Halo wireless system on E-Z-GO and ICON EV golf carts and light vehicles, after showcasing the technology on retrofitted vehicles like Ford’s Mustang Mach-E. The company’s investors include Mitsubishi Corp and Siemens AG, and WiTricity has a partnership to demo wireless charging on cars made by South Korea’s KG Mobility. WiTricity says passenger cars get up to 35 miles of charge per hour with its technology. “Charging remains one of the big points of anxiety for EV buyers, and we make it something that just happens in the background,” Gruzen says. In Los Angeles County, the Antelope Valley Transit Authority uses inductive systems made by WAVE Charging to help power its fleet of electric buses. The agency has 15 WAVE wireless charging stations – one at its offices and 14 across its bus routes – according to AVTA Marketing Director James Royal. Using the 250-kilowatt chargers for just five minutes adds an average of 10 miles of range, says Benjamin Auslander, Wave’s vice president of sales and marketing. @It allows for that bus to maintain its operations throughout the day without having to go back to a depot,” he says. WAVE has deployed more than 50 charging pads in North America, and has a DOE grant to work on a 500-kilowatt fast charger for trucks. Indianapolis, too, is using wireless charging for its electric buses, which are made by Chinese EV giant BYD Co. In 2019, the city partnered with Pennsylvania-based charging startup InductEV (then called Momentum Dynamics Corp). Brooklyn-based wireless charging startup HEVO Inc is working with the DOE’s Oak Ridge National Laboratory and Stellantis NV to trial a 50-kilowatt wireless system on the carmaker’s Chrysler Pacifica hybrid, after completing a demo with a Level 2 wireless charger last year. HEVO is also developing a 300-kilowatt wireless fast charger in partnership with Oak Ridge, says CEO Jeremy McCool. In perhaps the most critical signal of wireless charging’s potential for passenger cars, Tesla design chief Franz von Holzhausen in December confirmed that the company is pursuing its own version of the technology. “We are working on inductive charging, so you don’t even need to plug something in at that point – just pull in your garage, drive over the pad and it’s charging,” von Holzhausen said during an appearance on the YouTube series Jay Leno’s Garage. Tesla’s vote of confidence is spurring interest among other automakers, too. “That’s the major wake-up call,” McCool says. “Until that happened, wireless charging was still considered a fringe technology. Now it’s a trending technology.” Standardisation could also help boost adoption. In 2022, SAE International – an association of engineers and technical transport experts – finalised the first standard for stationary wireless charging for light-duty vehicles, a category that includes passenger cars. The standard covers everything from safe charging speed (up to 11 kilowatts) to interoperability and performance. “That means ... apartment-building chargers can be built,” Gruzen says. “It means that parking lots, street parking, all can adopt wireless charging from companies that specialise in that kind of public infrastructure. And the automakers can focus on making cars that’ll be compatible.” The SAE has also published guidelines, though not final standards, for heavy-duty vehicles to charge wirelessly at speeds up to 500 kilowatts. The DOE has agreements in place to demo that technology on a UPS route in Utah and at several Walmart locations. “Ultimately it’s going to be the truckmakers and the carmakers who have to figure out if it makes sense for them,” Weismiller says. For the time being, the vast majority of investment is still going to traditional EV chargers, though federal and state lawmakers in the US are pushing for grants to expand wireless charging. The US now has more than 9,000 public fast-charging stations and over 53,000 Level 2 stations, according to the DOE. More are expected to come online as states start to deploy US$5bil in federal money. But experts say future developments in car technology – especially autonomous driving – could strengthen the argument for wireless charging. The SAE is currently working on a standard method for aligning EVs with charging pads, which will prove particularly critical when cars start driving and parking themselves. Powering up an EV on a pad isn’t charging’s final frontier, either. The SAE plans to update its light-duty vehicle standard to include bidirectional charging, which lets a car supply power back to the grid. Gruzen says WiTricity’s next generation of wireless charging components will be bidirectional; he expects to start selling them to automakers later this year. The SAE is also developing technical guidelines for what’s known as “dynamic inductive charging” – i.e. charging without a plug when a vehicle is in motion. That technology, which could turn streets themselves into charging pads, is still in its infancy. Electreon, an Israeli company, tested dynamic charging on a quarter-mile stretch of road in Detroit last year. Earlier this month, Stellantis said that its Chrysler Halcyon Concept EV, slated for production in 2028, would come equipped with dynamic wireless charging capability. – Bloomberg Open Modal

Dec 31, 2023
Lightning storm

HEVO Frequently Asked Questions (FAQ)

  • When was HEVO founded?

    HEVO was founded in 2011.

  • Where is HEVO's headquarters?

    HEVO's headquarters is located at 147 Prince Street, Brooklyn.

  • What is HEVO's latest funding round?

    HEVO's latest funding round is Option/Warrant - II.

  • How much did HEVO raise?

    HEVO raised a total of $30K.

  • Who are the investors of HEVO?

    Investors of HEVO include Ulu Ventures, NYU Future Labs and Plug and Play Accelerator.

  • Who are HEVO's competitors?

    Competitors of HEVO include InductEV and 6 more.

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Compare HEVO to Competitors

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Evatran Group

Evatran Group is a company focused on the electric vehicle (EV) industry, specifically in the domain of autonomous charging. The company's main offering is a wireless EV charging station, which provides hands-free, fast Level 2 charging for electric vehicles. The company primarily serves the electric vehicle industry. It is based in Richmond, Virginia.

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InductEV

InductEV provides wireless power charging services. The company offers a magnetic induction system for commercial and passenger electric and hybrid vehicles which has the ability to charge their batteries under all weather conditions.InductEV formerly known as Momentum Dynamics.InductEV was founded in 2009 and is based in Malvern, Pennsylvania.

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WiBotic

WiBotic provides wireless power and battery solutions for the growing ecosystem of aerial, mobile, and aquatic robots. Its solutions help companies optimize the uptime of robot fleets and autonomous robotic operations. It was founded in 2014 and is based in Seattle, Washington.

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WiTricity

WiTricity is a company that focuses on wireless charging for electric vehicles, operating within the automotive and technology sectors. The company's main offerings include the development and implementation of magnetic resonance technology for charging electric vehicles, providing a solution that is efficient, safe, and convenient. WiTricity primarily serves the automotive industry. It was founded in 2007 and is based in Watertown, Massachusetts.

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MERCUSO Technology

MERCUSO Technology provides autonomous wireless EV charging systems for electric vehicles. The company specializes in automotive and e-mobility. It was founded in 2019 and is based in Frankfurt am Main, Germany.

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Nimbus Engineering

Nimbus Engineering is a technology company focused on designing new and exciting form factors of outdated & inefficient devices, resulting in superior celerity, energy efficiency, and elegance. It was founded in 2017 and is based in San Francisco, California.

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