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ChargeWheel Secures $1 Million Investment to Build Network of Solar-Powered Mobile Charging Hubs for Micromobility Fleets and Electric Vehicles

March 26, 2019
The ChargeWheel Energy Trailer brings much-needed clean and mobile infrastructure to the micromobility phenomenon. The company plans to have 100 Energy Trailers ready for deployment by the end of 2019, with each capable of charging four electric vehicles or up to 400 e-scooters and e-bikes at DC fast charging speeds. (Photo: Business Wire)

SAN FRANCISCO--(BUSINESS WIRE)--Mar 26, 2019--ChargeWheel, which provides the first clean, on-demand mobile charging hub for micromobility fleets and electric vehicles, announced today that it has secured $1 million in seed funding from Right Side Capital. An additional multimillion-dollar funding round is expected to close later this year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190326005285/en/

The ChargeWheel Energy Trailer brings much-needed clean and mobile infrastructure to the micromobility phenomenon. The company plans to have 100 Energy Trailers ready for deployment by the end of 2019, with each capable of charging four electric vehicles or up to 400 e-scooters and e-bikes at DC fast charging speeds. (Photo: Business Wire)

The funding will support the launch of the San Francisco Bay Area’s first charging network based on ChargeWheel’s 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 ChargeWheel Energy 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, ChargeWheel will have 100 Energy Trailers ready for deployment and accessible to micromobility fleet operators and EV drivers.

“E-scooters and e-bikes are enabling huge strides toward zero-emissions transportation in cities today, but because micromobility charging networks and infrastructure don’t exist where micromobility devices are primarily used, many of the largest fleet operators are relying on warehouses far away from city centers, stocked with diesel generators to charge their vehicles en masse,” said Huzaifa Muhammad, CEO and Founder of ChargeWheel. “Similarly there is a lack of DC fast chargers in large city centers for electric car drivers, mainly due to lengthy permitting and infrastructure installation issues. ChargeWheel’s offering addresses the sustainability and efficiency shortcomings in the micromobility industry by providing a cleaner and more convenient way to charge electric modes of transportation in cities.”

ChargeWheel’s Energy Trailers are equipped with solar panels, 550KWh of energy storage capacity and DCFC, and offer several advantages over traditional EV and micromobility fleet charging models:

  • Clean Energy: The Energy Trailer is capable of charging vehicles with 100 percent solar energy generated by roof-mounted solar panels, enabling micromobility fleets to utilize an unprecedented level of clean energy in their operations.
  • No Installation or Permitting Required: Energy Trailers can operate in any parking lot – and anywhere you can bring a van – dramatically reducing space, permitting and equipment requirements for the infrastructure necessary to recharge micromobility fleets at DCFC speeds.
  • No Grid Connection Required: Energy Trailers don’t require a connection to the grid, making them completely mobile and capable of generating renewable electricity onsite using solar panels.
  • $99 Per Year Unlimited Charging Plan: For EV drivers, ChargeWheel will introduce a $99 yearly unlimited charging subscription plan, allowing drivers to charge their EVs at a fixed cost per year at any location.

Fleet operators can benefit from ChargeWheel’s charging as a service offering in several ways:

  • Leasing: Micromobility or EV fleet operators can lease the trailers on yearly contracts.
  • Subscription: For a monthly subscription fee, micromobility fleet operators who use independent contractors for charging of their fleets can direct their contractors to the nearest ChargeWheel Energy Trailer for charging.

To request a live demo, product overview or pricing, please contact: h@chargewheel.com

About ChargeWheel

ChargeWheel’s mobile charging hub is the first clean, on-demand charging solution specifically designed for operators of electric vehicle and micromobility (e.g. e-bike and e-scooter) fleets. ChargeWheel’s Energy Trailer offering features vans and trailers equipped with roof-mounted solar panels and energy storage for DC fast charging. The Energy Trailer is capable of simultaneously recharging up to four electric vehicles or up to 400 e-scooters/e-bikes. ChargeWheel is headquartered in South San Francisco, CA. To learn more, visit https://www.chargewheel.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190326005285/en/

CONTACT: Antenna Group for ChargeWheel

Gagan Aujla

chargewheel@antennagroup.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: ChargeWheel

Copyright Business Wire 2019.

PUB: 03/26/2019 12:00 PM/DISC: 03/26/2019 12:00 PM

http://www.businesswire.com/news/home/20190326005285/en

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