Overview

Hypervolt operates in the electric vehicle (EV) charging market by providing premium EV chargers that can be integrated with solar panels. Their chargers allow users to manage costs in real-time, making them suitable for both individual consumers and businesses looking for reliable charging solutions. Hypervolt sells EV chargers and offers installation services through a network of 2000 trusted partners, generating revenue from both the sale of chargers and additional services like extended warranties. What sets Hypervolt apart from its competitors is its seamless installation process and direct integration with existing systems, which eliminates the need for extra components. The company places a strong emphasis on user experience, as evidenced by its high ratings on platforms like TrustPilot, which reflect customer satisfaction and product reliability. Additionally, Hypervolt offers options such as tethered cables and extended warranties to meet various customer needs.

Simplify's Take

What believers are saying

• Partnership with Heatable enhances smart home integration for energy efficiency.
• Collaboration with EDF Energy opens new revenue streams through grid balancing.
• Volex PLC partnership expands manufacturing capacity to meet growing demand.

What critics are saying

• Increased competition could erode Hypervolt's market share in the EV charging sector.
• Rapid technological advancements may render current offerings obsolete without innovation.
• Supply chain disruptions could impact manufacturing and distribution timelines.

What makes Hypervolt unique

• Hypervolt integrates EV chargers with solar panels for real-time cost control.
• The company offers seamless installation through a network of 2000 trusted partners.
• Hypervolt's chargers are highly rated for customer satisfaction and product reliability.

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Funding

Total Funding

$11.5M

Below

Industry Average

Funded Over

2 Rounds

$8,000,000

Series A

Sep 2023

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8M

$8.2M

$15M

$30M

View all funding stages