We're delighted to announce that Hypervolt has completed its Series A fundraising, in an investment round led by Baleen Capital, a US-based firm focused on exceptional products.
The new funds, the first outside capital that Hypervolt has ever raised, are set to put rocket boosters under the company's ambitions to provide next generation EV smart charging to homes and businesses across the UK, EU, US and beyond.
To build products that users love and accelerate clean energy, Hypervolt relentlessly focuses on world-class software, user experience, and design.
The Series A investment follows an explosive period in which the company has doubled sales every month in 2021, obtained 100% 5-star reviews, and achieved profitability as a business. The company now plans to expand to accelerate growth.
Flavian Alexandru, CEO of Hypervolt, said:
We're thrilled to announce the successful close of our first equity round. The new funds will be key to scaling our team and accelerating delivery of our exciting roadmap. We're very grateful to our growing team, fantastic customers, and new cohort of cornerstone investors led by Baleen Capital. We look forward to sharing our progress in the years to come.
Fang Li, Managing Partner at Baleen Capital, said:
In a short time, Hypervolt has created the best EV charger in the UK, and they're just getting started. Behind this amazing product is an amazing team, with the highest standards in product, technology, and customer service. We’re thrilled to invest to support Hypervolt's growth, and we can't wait to see what they build next.
Hypervolt will use the investment to develop new hardware and software products, scale operations, and enter new markets. The company aims to provide a complete ecosystem of high performance products with unbeatable service, and without the premium price tag: a charging experience users can get excited about.
About Baleen Capital:
Baleen Capital, founded in 2012, invests in companies with truly exceptional products. Baleen is based in the US and invests globally across public and private companies, with prior investments including Afterpay, Purple Innovation, Scalapay, Shopify, and Tesla.