Power Hero

Charge Your EV From Anywhere!

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Company Information

Website:

https://www.powerhero.com/

Sector:

Transportation Services

Location:

La Verne, CA

Think about how much electricity surrounds you. Power lines, lights, signs, outlets — imagine how far you’d have to travel to get away from electricity completely.

But if power is all around us, why is it so difficult to find charging for electric vehicles (EVs)?

This question is what sparked one company to wonder, “Why are we reinventing the gas station model for EVs? If power is everywhere, all we need are more intelligent solutions to share it.”

That company was Power Hero. And it’s committed to creating a smarter EV charging grid.

Much like their smartphones, EV owners want to plug in their car at night and wake up to a full charge. But personal EV wall chargers are a luxury, and only practical for single-family home owners. For the 100 million Americans living in apartments and urban areas, installing these chargers is expensive and inconvenient.

Meanwhile, public charging is extremely flawed. For one thing, it’s hard to find charging stations. For another, many are damaged, incompatible, or unclear with respect to pricing.

Power Hero’s innovative, patented technology intends to create a world where anyone can get up to 100 miles of charging range overnight on an existing 120V circuit. And this technology can be found in the company’s solution, PowerPac.

PowerPac is a home-charging station designed for any apartment or condo dweller. It takes 120v power in and stores it while the driver is away. When they return, PowerPac provides that power back to the driver at 240v speed, then reverts to regular 120v charging.

Additionally, Power Hero has created Cameo, a device that makes any “non-networked” charger a connected, reservable charging station. This is ideal for government agencies seeking to aggregate all charging onto a single network. And it enables those who have chargers installed at their home or business to open access up to the public, creating revenue opportunities.

The company has also created mPower, a mobile-charging station that brings power wherever it's needed. It offers roadside assistance for drivers who find themselves stranded without power.

Power Hero earns revenue through direct hardware sales and leases, but also offers subscriptions to businesses and retailers.

Power Hero has created prototypes of its PowerPac and Cameo, and received four patents for its technology. The company aims to launch Cameo in Q4 2024 and PowerPac in Q1 2025. mPower has a target launch date of Q1 2026.

Team Background

Esmond Goei - Co-Founder & CEO

Esmond is a serial entrepreneur who started Power Hero a year after selling his previous company, a solar-powered battery systems business.

Earlier in his career, he co-founded nHancement Technologies, a communications company. And before that, he was Chairman of Centigram, a telecommunications company that was eventually acquired.

Esmond served as Managing Director of Transtech Ventures, an international venture-capital firm, and began his career as Vice President of the Venture Capital Division with TD Ameritrade, a financial-services company.

He earned a Bachelor’s degree in Electrical Engineering from Queen’s University and an MBA from Ivey Business School at Western University.

Rob Kent - Co-Founder & CMO

Rob joined Power Hero in August 2017 and was appointed as its Vice Chairman and Chief Marketing Officer in February 2018.

In addition to his role, he is a partner at First Wave Partners, a company helping startups get off the ground and scale their business.

Previously, he was a CEO in the medical-device sector, overseeing a manufacturer of portable home oxygen devices that had notable partnerships including Verizon. Before that, he was Vice President of Operations with Tridien Medical, another medical device company.

Earlier in his career, Rob held managerial roles with Covidien, a medical-device company that was acquired by Medtronic in 2015. Prior to that, he served six years in the U.S. Navy as a surface warfare officer.

He earned a Bachelor’s degree in Economics from the U.S. Naval Academy and an MBA from the University of California, Irvine.

Co-Investors

Raising
$1 million
Committed
$23.3K (2%)
Current Valuation
$17.03 million
Min. Investment
$300
Deal Type
Title III
(For all investors)
Offering Type
Equity
Finance History
Notable Investors
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