There’s a huge gap in EV charging availability in urban areas. Power Hero’s products are designed to provide fast overnight EV charging to 100M Americans living in apartments and detached homes with multiple EVs.
People do not want to charge electric vehicles like they pump gasoline. They want to plug their cars in at home or at work, much like the way they charge their phones.
With six patents and more pending, proven prototypes, an experienced executive team, and Board with several exits including a unicorn, Power Hero aims to change the way we deliver charging to a rapidly growing EV market.
- Founders and Board members withover ten exits including a unicorn, has proven IPO, M&A and CEO track records.
- Pilot agreements in place with the California cities of La Verne, Seal Beach and Buena Park - which opens access to 270,000 apartment buildings and 6M renter occupied units in the State of California.
- Partnership with Verizon for product development and sales.
- 6 total patents granted or approved covering connected charging stations, personal 120V/240V chargers, mobile station charging and cloud-based charging networks.
- 2 patents granted and prototypes developed for Cameo - connecting any EV charger to the cloud via 4G.
- Patent approved for PowerPac - bringing meaningful overnight 120V/240V charging solutions to 100M Americans in apartments and condos.
- The global electric vehicle market was valued at $163.01 billion in 2020, and is projected to reach $823.75 billion by 2030, registering a CAGR of 18.2% from 2021 to 2030.
- EV Charger market is projected to grow 10-fold by 2030 with companies currently trading at 30X Revenue.
People don’t like to wait in line. They prefer to charge their EVs at home or at work, but lack of power capacity or wiring restrictions renders that an impossibility for over 100 million Americans and millions more detached homes with multiple EVs.
Moreover, finding reliable daily parking near a charging station is challenging and reserving it is almost impossible, leading to significant range anxiety for those looking to buy an EV.
We don’t need to line up at more public electricity pumps - we need more intelligent solutions that help EV owners access the electricity all around us.
Power Hero’s Patented Solutions allow for easy installation and networking of EV chargers anywhere there is existing power.
- PowerPac(™) is a powerful overnight solution for apartment residents. It attaches to any regular plug or circuit and banks power while the driver is away - delivering up to 100 miles of range per day.
- Cameo(™) attaches to any standard Level-2 charger and networks it to the cloud so it can be found, reserved, and transacted. This allows drivers to more reliably reserve charging time and turns any charger into a potential revenue source.
- mPower(™) is a mobile charging station that brings power where it is needed - for a driver in need, seasonal events, or even emergency response.
- The Silicon Review
Power Hero is a great opportunity to get in on the EV wave
- Invest with Passion
Innovations Happening in the Electric Vehicle Charging Space
Power Hero to Launch PowerPac Home Charging Solution for Electric Vehicles
- CIO Bulletin
Power Hero is a California-based EV charging company developing solutions for a smarter grid for everyone
- Autotech Outlook
Power Hero: Making EV Charging Easy and Accessible For All
Finally, a powerful overnight solution for apartment or condo living. PowerPac takes 120V power in and stores it while you are gone. When you return, PowerPac dishes that power back to you at 240V speed, then reverts to regular 120V charging.
Unlike competitors, PowerPac is designed so it can be dropped onto any existing 120V circuit - no expensive rewiring to buildings and parking garages.
Makes any non-networked 240V Level 2 charger a connected and reservable charging station — easy for anyone to find. Cameo is ideal for government agencies wishing to manage all their un-connected chargers on a single network. We believe Cameo has the potential to open up millions of private home and business chargers to the public.
Live Demo of Cameo Prototype
See our Cameo in action on a real live charger. We’re proud to show off our functional mobile app and hardware in action!
Today, over 100M Americans live in apartments, condos, and multi-unit rental homes. Many of these are younger americans and the most enthusiastic segment of the market when it comes to EV. Millions also live in detached homes with multiple EVs which may only have power circuitry for one EV.
According to Canary Media, 80% of EV charging is done at home.
The U.S. electric vehicle market is projected to grow from $28.24 billion in 2021 to $137.43 billion in 2028 at a CAGR of 25.4% in forecast period, 2021-2028
Major US cities have extremely aggressive goals for new EV purchases over the next 5 to 10 years (Fortune Business Insights).
EV market share for new vehicles is likely to reach 40% by 2030, at which point the total number of EVs in operation could reach 28.3 million, according to S&P Global Mobility forecasts.
As EV car sales skyrocket, the market for EV charging is also predicted to continue growing at a fast pace. Currently, there are established competitors for EV charging, however we have identified an unmet market need. Our competitive advantage is our IP and our products fit a niche that may enable the transition to clean transportation in urban areas, with the potential to deliver convenient and affordable EV charging anywhere.
Verizon Partner Program means PowerHero can access Verizon resources for developing connected technology. Also Verizon Sales Team may pick up the product to deploy to current customers.
Arrow Electronics is one of the largest electronics component supplier in the world and is assisting us in product development and contract manufacturing.
City Pilots: Committed pilots for the cities of Seal Beach, La Verne, and now Buena Park with several more expected.
Power Hero plans to target EV Drivers, Dealerships, Commercial Developers, Landlords, Retailers and Businesses for product deployments
- Direct Hardware Sales: Direct cash sale of product to businesses, retailers, government, developers, and car dealerships.
- Hardware Leasing: Lease-to-own model is planned for most direct to consumer sales. Also available to help entities wishing to manage cash flow:
- Membership and Subscriptions: All devices are planned to require subscriptions to manage usage, updates, back-end provisioning, etc.
See our Demo Day pitch here.
He has participated in several other emerging companies with successful gains upon their IPO or sale, such as a multi-media messaging company (IPO), a wireless hospital bedside information systems company (IPO and subsequent sale), an organic baby foods company that was sold to Heinz, and an electronics toy company (IPO). He has delivered outstanding gains on investment to his investors with many IPOs and sales of his invested companies, some of which garnered valuations over a billion dollars. Esmond is an electrical engineer with an MBA from Western University.
He has experience building and managing rapid growth businesses in highly regulated environments. He is particularly adept at leveraging partnerships with developers and manufacturers to rapidly bring products to market, and strategically positioning technology for unique competitive advantages. Rob holds a BS in Economics from the US Naval Academy and an MBA from UC Irvine.
He has also served in various sales, marketing, and technical positions with some of the leading communications and networking companies, including, StrataCom (Cisco Systems), Ungermann-Bass (UB Networks), Compression Labs, California Microwave, and GTE Corporation (Sprint Communications). He has been an advisor to Hitachi Japan on global M&A and investments for 10 years. Mr. Kim holds a BS in Electrical Engineering from Texas A&M University, and an MBA from the University of Phoenix.
Unfortunately, they require heavier wiring and voltage requirements that involve expensive installations. It’s very unlikely landlords may spend that kind of money on people renting in multi-unit residences, like apartment buildings. However, PowerPac is designed to work on existing standard 120V circuits accessible just about anywhere there is power.
120V plugs charge EVs very slowly – delivering about 4 miles of range per hour. But PowerPac is being designed to amplify the effect by storing power for up to 12 hours while you go to work. Then delivering that charge back to your car like a level 2 charger when you return. PowerPac is being designed to allow urban dwellers a way to bank up to 100 miles of range every night.
The driver may need to connect Power Hero with their landlord, where our customer service team may coordinate approval for the installation. Power Hero incentivizes landlords with a revenue stream that covers power costs plus some additional monthly income. We also intend to establish local incentives from municipalities and power companies to further incentivize landlords.
PowerPac can be purchased or rented directly from Power Hero. Power Hero may also distribute to auto dealerships that can easily finance PowerPacs with the purchase of a vehicle. PowerPac may be delivered and installed by one of our certified local partners.
Cameo allows any unnetworked charger to be easily networked so it can be located, reserved, and provisioned for specific people or public transactions. We believe this provides an opportunity to accelerate two significant events in the market.
1) The growth of P2P charging networks. More and more people sharing chargers, including both private individuals and businesses. Cameo allows anyone to network any charger for easy remote management.
2) Geographically centralized EV charging networks. Until now, connectivity hasn’t been a meaningful tool to make charging more accessible. No one wants to run ethernet to all these level 2 chargers. But Cameo now finally allows for instant networking of any charger. We believe this could enable cities, states, and counties to make thousands of chargers public instantly. These entities are primary targets for Cameo.
This, we hope, may become the norm someday, and the world is full of smaller chargers that allow you to top off everywhere you park. Cameo is a key piece to network these chargers, enable reservations, and provision transactions. Once a true marketplace is established, private enterprise can step up to outpace expensive government infrastructure projects.
By 2030, it's forecasted that there may be over 25M EVs, still nowhere close to replacing all the gas-powered cars on the road. This market is poised for high growth over the next 20 years. Even in a competitive market, all participants benefit at high growth rates. Additionally, Power Hero addresses significant unmet needs in this market with robust patent protections.
In addition, we have had a good engineering relationship with Arrow Electronics, a multi-billion-dollar global contract manufacturing company who are desirous of manufacturing our Cameo and extending credit to us. Such credit may reduce the need for equity capital.
Power Hero is a low-cost and smart solution with the potential to deploy thousands of public chargers without significant infrastructure expenses. Besides having the confidence of Arrow Electronics, we are also working with Verizon Wireless, and as such, we have demonstrated business credibility to large, sophisticated enterprise partners.
Besides value creation, seasoned management at the helm ensures that we can steer Power Hero through any storms that may arise, and the ability to secure such strategic collaborations such as Verizon, which may well be a rescue avenue.
In the case of a potential acquisition, which is not guaranteed, we believe the acquirer is getting both compelling market products and strategic patents that can hamstring competitors. We complement many products and services oriented to EV and travel.
Suitors potentially range from the hospitality, travel, auto, surveillance, energy, and even the advertising and electronics industries. Consider also the fact that most auto manufacturers are committed to growing their EV business, and none, other than Tesla, has its own network of charging stations. We believe this makes Power Hero an attractive alternative – especially leveraging PowerPac to gain an upper hand on the underserved market of apartment dwellers.
Use of Proceeds
If the offering's maximum amount of $614,000 is raised:
|Use||Value||% of Proceeds|
|Hiring & Payroll||$310,000||50.5%|
|General & Administrative||$73,914||12.0%|
This is an offering of Common Stock, under registration exemption 4(a)(6), in Power Hero Corp.. This offering must raise at least $10,000 by July 14, 2023 at 9:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Power Hero may issue additional securities to raise up to $614,000, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
These financial statements have been reviewed by an independent Certified Public Accountant.
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
- May 26, 2023WHAT DOES THIS UNICORN FOUNDER HAVE TO SAY...
WHAT DOES THIS UNICORN FOUNDER HAVE TO SAY ABOUT POWER HERO?
See why Troy Helming joined the Board of Power Hero and thinks we are destined for great things!Watch the 20 Second Video
- May 24, 2023BANNER MONTH FOR POWER HERO AS WE HIT $100K...
BANNER MONTH FOR POWER HERO AS WE HIT $100K MARK!
Power Hero celebrates an incredible month, achieving a new patent for PowerPac and adding a unicorn board member to the team. Investors also recognized our success, driving us past the $100K milestone.
We even had to overhaul our campaign to accommodate all of these milestones.
Join us and invest in Power Hero— with our groundbreaking patented technology and visionary team, we are poised to reshape the EV charging landscape. Don’t miss this opportunity to be part of our remarkable success story.Invest Now!
- May 23, 2023
- May 19, 2023POWER HERO APPOINTS UNICORN FOUNDER TROY...
POWER HERO APPOINTS UNICORN FOUNDER TROY HELMING TO BOARD OF DIRECTORS
Troy Helming, CEO and Founder of EarthGrid, is a clean energy visionary and unicorn founder with 4 successful exits. He joins Power Hero’s Board of Directors, strengthening our mission to enable EV charging anywhere. With a remarkable track record in renewable energy companies and a passion for clean power, Helming’s expertise will drive Power Hero’s growth and innovation in transforming the electric vehicle market.
“I am thrilled to join Power Hero’s Board of Directors and be part of a team that is passionate about clean energy and transforming the electric vehicle market. Power Hero’s patented EV charging innovations have the potential to break down the barriers for more people to convert to EVs and remove millions of combustion vehicles from the roads. Together, we can drive the clean power revolution and create a sustainable future for generations to come.” - Troy Helming, May 19, 2023Invest in Power Hero
- May 17, 2023
- Apr 27, 2023
- Apr 21, 2023POWERPAC PATENT APPROVED!! Today the USPTO...
POWERPAC PATENT APPROVED!!
Today the USPTO officially approved our patents for PowerPac and all associated claims. This is a great milestone for PowerHero and demonstrates our strong track record of innovation and ability to secure patents.
PowerPac is our sixth patent and our highest potential product as it will bring meaningful overnight charging to over 100M Americans in apartments and urban areas. Just California alone has over 270,000 apartment buildings and almost 6 million residential units, and we already have pilots planned with three California cities.See the PowerPac Product Video
- Apr 21, 2023
- Apr 19, 2023CALIFORNIA - A HUGE OPPORTUNITY - THANK YOU...
CALIFORNIA - A HUGE OPPORTUNITY - THANK YOU CITY OF BUENA PARK
Last week the City of Buena Park California voted unanimously to endorse and pilot our Cameo and PowerPac technology. In a letter of support, Mayor Arthur Brown cited the potential of Power Hero to open more access to public charging and help create a more reliable infrastructure.
Overall, the California market is a big priority for us with over 270,000 apartment buildings and almost 6 million renter-occupied units. Each resident is a potential EV owner that could use our PowerPac! The enthusiasm and alignment of local leadership to our strategy bode very well for our market entry.
Please invest and follow us to hear more exciting updates!Buena Park Partnership Announcement
- Apr 12, 2023DISTRIBUTION AND INSTALLATION PARTNER - NEW...
DISTRIBUTION AND INSTALLATION PARTNER - NEW YORK / TRI-STATE AREA
We are happy to announce our partnership with 24/7 Installers, an independent office services company founded in 1999. With hundreds of regional businesses in their portfolio, our easy-to-install EV charging technology is an ideal extension of their service offering.
Power Hero will continue to work with local partners for distribution and installation. If you are interested in working with us, please leave a note when you invest.24/7 Installers
- Mar 28, 2023ANOTHER ENDORSEMENT - CITY OF SEAL BEACH,...
ANOTHER ENDORSEMENT - CITY OF SEAL BEACH, CALIFORNIA
Extremely pleased to meet with Seal Beach and see how aligned we were with their progressive views for electric vehicle expansion. We are a great fit for communities like Seal Beach and urban centers looking to grow EV adoption by their apartment residents.
We look forward to working with Seal Beach and others to pilot our innovative technology and rapidly expand access to the EV market for millions.Letter of Support - Seal Beach
- Mar 24, 2023CITY OF LA VERNE CALIFORNIA - ENDORSEMENT AND...
CITY OF LA VERNE CALIFORNIA - ENDORSEMENT AND PILOT
We are proud to receive a glowing endorsement from the City of La Verne California and interest in running a commercial pilot for our Cameo and PowerPac technologies.
As we meet with more and more public entities, the value proposition of Power Hero is incredibly well received. The struggle to install cumbersome high-speed charging is very real. Power Hero technology rapidly expands charging capacity without heavy installation, permitting approvals, and utility company hurdles.Letter of Interest - City of La VerneRob Kent PowerHero Interest Letter 032323 - La Verne.pdf
- Mar 22, 2023How to Revolutionize an Industry Leveraging...
How to Revolutionize an Industry
Leveraging technology to solve or eliminate costly infrastructure problems, is a great formula for changing an industry.
See how our CEO explains it so well in this ArticleThe Silicon Valley Review - Power Hero
- Mar 14, 2023SVB - No Impact on Power Hero! We are happy to...
SVB - No Impact on Power Hero!
We are happy to say the SVB/Signature Bank collapses did not impact us at Power Hero. We also work very hard to maintain a lean operation.
Since our founding we have only taken in less than $900,000 of investors’ money and treated every dollar like our own while :- Developing 4 amazing product lines for an incredibly huge multi-billion-dollar EV charging market; receiving 5 patent grants with many more pending; and producing working prototypes set for market rollout in 2023.
Thank you for following and investing in us at Power Hero.
- Mar 10, 2023FEEDBACK FROM CITIES AND YOU! We’ve been...
FEEDBACK FROM CITIES AND YOU!
We’ve been traveling up and down California talking to stakeholders from different cities.
Some of the best feedback we get is about how PowerPac will allow people to draw power off-peak when costs are lower. PowerPac evenly banks power throughout the day and can be remotely managed to load up off-peak. If every EV driver hits the grid at 220V and 40 amps at 5:30 PM, that puts massive pressure on the grid. PowerPac will be a big help to utilities managing power demand to a growing base of EV drivers.
Also, solutions like mPower and PowerPac can be set up as demand-response and virtual power plant solutions. Giving utilities the ability to manage and avoid capacity outages. The utilities pay for this in terms of both readiness and actual usage – providing another revenue stream and a better return on investment.
We love this kind of feedback! Please provide feedback when you invest and let us know where YOU think we can make the biggest impact.
- Mar 7, 2023WE ARE NOW A VERIZON PARTNER! We are proud to...
WE ARE NOW A VERIZON PARTNER!
We are proud to announce we are enrolled in the Verizon Partner Program for the development and sale of our Cameo and PowerPac.
The Verizon Partner Program allows small companies like ours to accelerate development and rapidly deploy to the market. Aside from development support, we can also sell alongside Verizon when we launch.Learn more about the Verizon Partner Program
- Mar 3, 2023Thank You Investors For A Great First Week Of...
Thank You Investors For A Great First Week Of Our Campaign!
We’ve been told “….not too many companies are able to reach $25k as quickly as you have..”
On top of it all, we got granted a new patent… but you knew that already.
So please help us keep the momentum going …tell your friends and family about Power Hero… the Charge Everywhere People.
- Mar 1, 2023Patent Granted! We are pleased to announce...
We are pleased to announce we’ve been granted a second patent on our Cameo™ device, which broadens our claims on connectivity across multiple platforms. This is our fifth granted patent in the portfolio, with several more patents pending.
At Power Hero, we greatly value innovation to increase access to EV charging. We are proud of our team’s ability to successfully execute these innovative designs and secure patents that impact the marketplace.Learn more about Power Hero’s product offerings
- Feb 21, 2023Primary offering of $1shares at
- Feb 21, 2023
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