HeyCharge’s underground charging solution raises $4.7M Seed led by BMW i Ventures

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EV charging remains a high-growth business, for obvious reasons. Since 2007, one of the biggest players has been ChargePoint, a floating American company with an extensive EV charging network. But a lot of startups are snapping on its heels.

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one of them is based in germany hey charge, which realized that there was a problem with how EVs could be charged in underground carparks, where typically about 80% of all EV charging activity occurs. The problem is that normal smart charging infrastructure requires an internet connection, but underground this is not possible. So HeCharge has a solution…

There’s no doubt why it has now raised a $4.7m seed round led by BMW i Ventures (also an early investor in Chargepoint and Chargemaster), the venture capital arm of the BMW Group. Statecraft Ventures, the venture capital arm of Statecraft, a large European generator of renewable energy, was also participating.

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We covered HeyCharge when it was part of YC’s 2021 batch.

HeyCharge’s solution is aimed at apartment buildings, offices, hotels and other underground infrastructure for electric vehicles. Its SecureCharge technology doesn’t require an on-site Internet connection, instead connecting over Bluetooth in a plug-and-play setup.

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Chris Karde, CEO of HeCharge, said: “40% of European and 37% of American renters live in apartment buildings, a large segment of the population for whom it is very difficult to get electricity because they cannot charge at home. HeCharge’s solution to EVs This makes charging not only scalable, but also more cost-effective and accessible so that you can charge EVs wherever you live or work.

Casper Sage, Managing Partner, BMW i Ventures, said: “The rapid growth of the electric vehicle market in the coming years will require the creation of more infrastructure of charging solutions around the world. HeyCharge will enable EV-charging without an internet connection. The company is the first to do so, which is a key innovator for covering unused white spots.

HeyCharge was founded in March 2020 by Chris Karde and Dr. Robert Lasowski, who have previously worked for Mercedes-Benz, Google, BMW and SIXT.

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