About the offering
HEVO is a Brooklyn, NY-based wireless EV charging infrastructure company founded in 2011 by U.S. Army veteran Jeremy McCool. The company has developed a patented wireless charging system that eliminates the need for cables and plugs, using vehicle-mounted receivers and ground-level charging pads to transfer power wirelessly. HEVO claims grid-to-battery efficiency of up to 93%, comparable to traditional plug-in charging, and its polyphase technology (co-developed with Oak Ridge National Labs) delivers 8x more power per square meter than competitors. The company holds dual certification under UL 2750 and SAE J2954 standards, ensuring cross-brand interoperability, and has a portfolio of 17 issued patent families. HEVO has secured a partnership with Stellantis (the world's 4th largest automaker) to integrate wireless charging into Stellantis EVs. The company is also advancing production programs with two undisclosed major automakers (OEM 1 and OEM 2), targeting wireless charging integration across 4 and 3 EV platforms respectively, with a combined production target of 75,000–100,000 units per year and projected revenues of $100M+ per year starting in 2028 (not guaranteed). The company positions itself as the independent, universal wireless charging standard for automakers seeking alternatives to Tesla's proprietary systems. HEVO's dual revenue model consists of: (1) Rezonant™ hardware — factory-installed wireless charging components for new EVs and infrastructure, distributed through automakers, dealerships, third-party distributors, or directly; and (2) Journey™ software — a SaaS platform providing recurring revenue through fleet management, home bi-directional charging with grid management, public charging network operations, and future advertising and subscription payment streams. The company highlights the growing importance of wireless charging for autonomous vehicles, which cannot plug themselves in, referencing Tesla's reported $76M acquisition of wireless charging company Wiferion as validation of the market direction. The global EV charging station market is cited as projected to grow from $21.8 billion in 2025 to $414 billion by 2033 (CAGR of ~44.5%). HEVO's leadership team includes CEO Jeremy McCool (Columbia SIPA, Army veteran), Jon Holland in Finance and Operations (former CFO at Qmerit and EV Connect, both acquired by Schneider Electric), and Robert Skinner in Commercial and Marketing (former VP at FordDirect). The broader team claims 100+ years of combined automotive experience with backgrounds at Tesla, GM, Ford, Rivian, and BMW. To date, HEVO has raised approximately $18–19 million total, including $4M+ from over 3,700 investors across prior crowdfunding rounds on Republic and Wefunder. Institutional backers include Ulu Ventures, VoLo Earth Ventures, and the Dream Fund. Notable investors include Dream Machine Innovation Lab ($500,000) and Kingscrowd Capital ($20,000). The current Wefunder round has raised approximately $861,842 toward a $4,795,892 goal with a minimum investment of $100. Use of proceeds is directed toward securing production agreements with automakers, advancing Rezonant™ hardware development, growing the Journey™ software platform, and scaling wireless charging infrastructure for early adopter fleets. HEVO also holds a PACEpilot Award (2022) and has partnered with STEER Tech to develop a wireless autonomous charging solution.
FAQ
How much has HEVO Inc. raised?
HEVO Inc. has raised $964,939 of a $4.42M goal.
Where is HEVO Inc.'s campaign live?
The offering is live on Wefunder, an SEC-registered Reg CF intermediary.
What are the terms of HEVO Inc.'s raise?
Preferred Stock, $60M cap, $2.00/share.
When does HEVO Inc.'s offering close?
The stated close date is Apr 30, 2027.