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

EV charging is a high-growth business. ChargePoint, a US company floated in 2007, has a widespread EV charging network. There are lots of startups snapping at its heels.

There is a problem with how EV charging can be done in underground carparks, where 80% of all EV charging activity happens. The smart charging infrastructure needs an internet connection, but underground is not possible. HeyCharge has a solution.

This is also the reason why it has raised a $4.7m Seed round led by BMW i Ventures, the venture capital arm of BMW Group. Statkraft is a large European generator of renewable energy and has a venture capital arm.

HeyCharge was covered by us when it was part of YC.

HeyCharge has a solution for underground infrastructure for electric vehicles. In a plug-and-play setup, its SecureCharge technology doesn't require an on-site internet connection.

The CEO of HeyCharge said that 40% of Europeans and 37% of US renters living in apartment buildings are too difficult to charge up at home. HeyCharge makes EV charging more cost-effective and accessible so that you can charge wherever you live or work.

The rapid growth of the electric vehicle market in coming years will necessitate greater infrastructure build-out of charging solutions around the globe according to the Managing Partner of BMW i Ventures. HeyCharge is the first company to enable EV-charging without internet connection, which is a key enabler.

Chris Carde and Dr. Robert Lasowski were the co-owners of HeyCharge.