EVOS closes $5m funding round
Entire raise completed through existing investors as Brisbane-based electric vehicle charging start up looks to bring new products to market within weeks EVOS, a start-up specialising in fleet energy management and AC charging for electric vehicles (EVs), has completed a funding round, securing $5m from existing investors. The investment will enable the company to begin to bring to market 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 is founded by CEO Marcelo Salgado; Chief Experience & Innovation Officer Seshan Weeratunga, and Chief Technology Officer Chris Crossman. “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, to be launched in Brisbane on July 19, will be the first cab off the rank for the company. Rapid expansion and rollout of solutions to address the needs of EV owners The company initially raised $1.7m to help the company expand its team and commercialise its technology. Since then, EVOS has added 22 employees to its manufacturing, sales and engineering departments, while launching its game-changing products. “We’ve seen tremendous growth not just within our team but the opportunities for electric vehicles in Australia,” said Crossman. “Some of the barriers to EV adoption have gone down and we’re seeing […]