ChargeWheel acquires $1M investment for solar activity from Right Side Capital
Mobile charging company ChargeWheel secured this week $1 million in seed funding for its solar-powered mobile charging hubs from Right Side Capital.
ChargeWheel intends to use the funds to build a network for its micromobility fleets and electric vehicles, through the deployment of 100 energy trailers by year’s end. These energy trailers are solar panel-topped operations, equipped with renewable energy generation, energy storage and DC fast charging capabilities, each capable of charging four vehicles or up to 400 e-scooters and e-bikes.
“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,” Huzaifa Muhammad, CEO and founder of ChargeWheel, said. “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.”
This first charging network will be based in the San Francisco Bay Area. It will supplement the company’s existing Energy Delivery Vans. Electric Vehicle fleet operators will be able to lease the trailers on yearly contracts, but the network will also be useable for a monthly subscription fee.
ChargeWheel expects to gain another round of multi-million dollar funding for the project later this year.
