While EV adoption continues to accelerate, infrastructure development remains critically uneven. Most federal funding has flowed to highway corridors, leaving a major shortfall in residential and workplace charging—where 30%+ of would-be EV buyers actually live and park. This gap represents billions in unmet demand and a growing frustration among tenants, property managers, and fleet operators.
This company is a pioneer in charge station management, with patented, hardware-agnostic solutions that retrofit and monetize existing chargers. Its flagship system, Hydra, enables universal access control, billing, and compatibility across multiple vendors—ideal for multi-unit housing, workplaces, and fleets. The team has restructured under seasoned leadership and is already growing +20% YoY, with $900K in 2025 backlog and blue-chip clients like Bristol Myers Squibb and Arizona Public Service.
With a $2.7B SAM by 2028 and no dominant incumbent in its niche (competitors are also in heavy debts - this company has none), the company’s model of scalable VAR and distributor partnerships gives it a repeatable, capital-light expansion playbook. Its unique ability to manage both Level-2 and DC fast chargers through a single backend sets it apart from fragmented competitors.
The company is raising the remaining $5M convertible note (8%) to scale sales, engineering, and customer service while launching a new mobile app and second-gen Hydra unit. Having already deployed its tech at scale since 2015, it’s well positioned for acquisition by a public charging network, industrial OEM, or property tech consolidator.
