Following on from Hypervolt's victory as the Cleantech winner and 3rd place in Deloitte's 2023 Fast 50, honouring businesses who have scaled rapidly in their first three years of trading, back in the winter, we are delighted to announce our inclusion in the EMEA Technology Fast 500, placing sixth overall.
Now in its 29th year, the Deloitte EMEA Technology Fast 500 honours the most innovative and fastest-growing companies across EMEA. The program recognises the passion and dedication it takes to be an industry disrupter across the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. By joining this illustrious cadre of innovators, Hypervolt has been firmly set apart from the c. 100 manufacturers of EV chargers currently selling in the United Kingdom, thanks in part to the 19,236% growth in the first three years since launch.
“The real crux of our platform is not the hardware business. It’s an enormous data platform,” explained Hypervolt co-founder and CEO Flavian Alexandru when speaking to the Deloitte team back in the winter. “What we’re really doing is we’re giving folks like OVO and Octopus an operating system to deploy EV charging. The customer benefit is you’re going to get a much cheaper energy tariffs, and the grid is going to be able to cope with the EV transition. The fact that we sell you pretty boxes is really the tip of the iceberg.”
Launched in 2021, London-based Hypervolt manufactures electric vehicle chargers and develops software to support users, energy suppliers, and installers. Hypervolt’s chargers start at £690 and offer users a range of charging modes and the ability to control and monitor charging via a mobile app. The chargers are available in white, black and grey, each emblazoned with the company’s distinctive green lightning bolt logo.
Flavian says the Hypervolt team is focused on evolving energy trading platforms: “Moving from outdated models of the 1970s to the high-frequency platforms of the 2030s.” The impetus for this shift? Flavian explains that car charging is estimated to account for 30% of energy demand on the national grid by 2035, with peak energy demand going up 11 times, and average demand tripling.
This honour marks yet another accolade in what has been a momentous year for the Canary Wharf based team, including signing partnerships with OVO Energy, Octopus Energy, Enphase Energy, and Chery International, among many others.
Flavian finishes “We started the shop with a very long-term plan, with a 30-year plan. It’s a good compass for where it could go, but it's difficult to predict what every step. will look like If we build a successful business and strong culture, then hopefully, we’ll get the opportunity to do the next thing. So it’s really going to be—in the best of ways—very, very intense.”
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