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EVOS raises $5 million ahead of new charger release

Manufacturing News

Brisbane-based electric vehicle charging products company EVOS has announced completion of a $5 million funding round, supported by existing investors.

In a statement on Wednesday, the fleet energy management and AC charging specialist said the round will enable it to begin commercialise new technologies “ideal for a number of EV charging use cases to address challenges for EV fleet operators and EV homeowners/renters, among many others.”

EVOS was founded by CEO Marcelo Salgado; Chief Experience & Innovation Officer Seshan Weeratunga, and Chief Technology Officer Chris Crossman.

The funding follows al $1.7 million seed funding round announced two years ago.

“This investment validates all the hard work the team has put in since we launched our company, and it shows the belief our investors have in a home-grown manufacturer being able to deliver game-changing offerings for Australians,” said Salgado.

“Since launching, we’ve unveiled our first charger, the Fleet Home 22 AC Charger and our patented Smart Start solution to help fleet and EV owners simplify and reduce the cost of charging.

“We now have a number of new products on the roadmap and this investment will help bring them to market much more quickly.”

A new home charger will be launched in Brisbane on July 19.

The Fleet Home22 AC Charger was the first Australian-made home charger to be made available on the market, according to EVOS, and was designed to help fleet businesses better manage costs and energy, while being easily installable and uninstalled.

Picture: supplied

Further reading

Evos raises cash to develop EV charger for fleet applications

Saving through smarter energy use – EV charger startup says speed isn’t everything

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