Introduction
Power Hero stands at the forefront of a transformative moment in transportation. As the global electric vehicle (EV) market surges towards a projected value of $1.5 trillion by 2030, we're addressing a critical gap: convenient, accessible charging for the 100 million Americans living in apartments.
Our innovative technology leverages existing 110V electrical infrastructure to deliver fast 240V charging, eliminating the need for costly installations or building retrofits. This breakthrough solution opens up EV ownership to a vast, overlooked market of urban residents.
Success to Date
- World-class team with 10+ exits, including 6 IPOs
- 12 patents granted across EV charging capabilities with 15 more pending
- 3 city pilots secured in California, the leading EV state in USA.
- Partnership with Verizon, opening access to 28M business customers
- PowerPac prototype in development & Cameo prototype ready for production
- Significant diversified revenue potential from licensing, hardware sales and subscriptions
- Massive $500B global electric vehicle market potential, growing at a 17.8% CAGR
- Smart design enables building owners to provide EV charging incrementally as needed
Problem
Charging Ahead: Power Hero Aims to Solve the Biggest Challenges in EV Charging
As electric vehicles (EVs) zoom into the mainstream, a critical roadblock stands in the way of widespread adoption: charging infrastructure. Let's plug into the major problems Power Hero is solving: convenient charging.
Apartment Living: No Longer a Barrier to EV Ownership
Imagine wanting to go green with an EV, but living in an apartment complex with no charging stations. Frustrating, right? Over 100 million Americans face this exact dilemma. Power Hero's genius solution? Technology that turns standard 110V outlets into powerhouses capable of fast 240V charging. No building retrofits required!
Say Goodbye to Queuing
We've all seen those long lines at public charging stations. They're enough to make any potential EV owner in apartments think twice. Power Hero's approach? Bring the charging station home. By enabling personal charging solutions to apartment residents, we're not just cutting wait times—we're eliminating them altogether for many users.
Installation Costs: From Wallet-Draining to Wallet-Friendly
Traditional fast charger installation often comes with a hefty price tag due to necessary electrical upgrades. Power Hero flips the script by working with existing electrical systems. The result? Dramatically reduced installation costs and complexity. It's a win-win for property owners and EV enthusiasts alike.
Optimizing Existing Infrastructure: Sharing is Caring
JD Power reported that 68% of EV owners installed fast 240V home Level 2 EV chargers. That’s about 2M home chargers. Our Cameo™ adapter cleverly turns private chargers into public assets when they're not in use. It's like Airbnb for EV charging—maximizing efficiency and availability in one smart stroke.
Range Anxiety? More Like Range Confidence
The fear of running out of juice mid-journey is real for many EV owners and potential buyers. Power Hero's solution? mPower™ mobile charging stations. Whether it's an emergency top-up or powering an off-grid event, mPower™ ensures you're never far from a charge.
Grid Overload: Averted
As more EVs hit the roads, power grids face increasing strain, especially during peak hours. Power Hero's systems are designed to store energy during off-peak times and enable smart charging. The result? A balanced grid that can handle the growing demands of the EV era.
The Power Hero Promise
By tackling these interconnected challenges head-on, Power Hero is doing more than just solving problems—it's paving the way for a future where EVs are a viable option for everyone, regardless of where they live or park.
By making charging more accessible, affordable, and efficient, we’re turning the dream of widespread EV adoption into a charged-up reality.
Solution
Power Hero makes mass EV adoption possible by offering a suite of personal charging solutions, so drivers can charge their EVs conveniently, regardless of where they are.
Power Hero’s patented technology leverages existing electrical infrastructure, so anyone - including apartment residents - can charge from home and avoid waiting in line to access the abundant energy already all around us. Our installations work with any 110V circuit:.
- Building owners avoid huge capital spending.
- Charging "at home" means convenience, no queuing at public stations.
- Personal means non-EV tenants won’t object to your plugging in.
While our competitors are rushing to build public charging stations that apartment residents hate to use, our investors are asking us when they can have their own PowerPac.
Where there is demand, there is opportunity. Your investment in Power Hero now gets you in at the ground floor of a growing opportunity.
Power Hero's comprehensive range of products are backed by 12 patents that cover various aspects of our technology, including connected charging stations, personal 110V/240V chargers, mobile station charging, community-based directory and cloud networking.
With our suite of cutting-edge solutions, Power Hero effectively addresses the challenges faced by all EV drivers. Whether a driver is far from available charging, resides in an apartment building with limited access to power, seeks to avoid a long queue, or even finds themselves stranded without options, Power Hero has the perfect tailored solution.
PowerPac™ is our powerful overnight solution designed specifically for apartment residents or multi-EV homes. It can be easily plugged into any available circuit and stores power while the driver is away. While our solutions draw in 110V for power, thanks to our patented technology, they discharge the stored energy as 240V, enabling fast charging. This significantly extends the EV's range up to 100 miles per day.
Cameo™, is an adapter that securely attaches to any Level-2 charger and connects to our cloud servers. This allows owners of chargers to make them accessible to the public and generate income. Once a charger is connected, drivers can view their availability, reserve charging stations, and make payments if needed. Similar to how Airbnb allows homeowners to list their properties for short-term rentals, Cameo™ allows EV owners or charging station operators to list their Level-2 chargers for use by other EV drivers.
Finally, mPower™ is a mobile charging station that brings power wherever it's needed. It offers roadside assistance for drivers who find themselves stranded without power and it can also be hired for events or used to charge on the go.
The global EV market is enormous, currently valued at $500B and growing at a CAGR of 17.8%.
In America alone:
- 265M gasoline cars have to transition to zero-emission vehicles like EVs.
- Only 3M are EVs today, a mere 1% adoption.
- California EVs makes up 1.1M.
Power Hero is headquartered in California:
- California has 3.1M apartment units according to NMHC.
- That alone is an $18.6B market opportunity for our PowerPac.
- Power Hero has secured pilots in 3 California cities.
- The former Speaker of the California State Assembly is on our Board.
Power Hero is poised to capture a significant share in this market by addressing the specific need of personal EV charging in urban areas, emerging as a key player in this exponentially growing sector. Our proprietary patented solutions provide a significant advantage in capturing the largest untapped EV charging market of over 100M apartment residents in America alone.
We’re uniquely positioned to cater to the needs of apartment residents, who often lack access to reliable personal charging solutions and represent a hugely underserved segment in the market. With over 100 million Americans living in apartments and detached homes with insufficient circuitry to support level-2 charging, the opportunity is astronomical.
Business Model
With public and private partnerships to support our growth, we plan to rapidly increase our footprint across the US.
Power Hero partners with industry leaders like Verizon to develop and deliver world-class solutions to the market, while gaining access to their Partner Program’s 28M business customers. Through our relationship with Arrow Electronics, one of the world's largest electronics component suppliers, we have verified our key design architecture and ensure that we maintain best-in-class supply chain and manufacturing practices.
In California, we have already initiated pilot programs with three cities in two of the state's largest counties: Los Angeles (with a population of 9.8 million) and Orange County (with a population of 3.2 million). The pilot initiatives are anticipated in 2025.
Our partnerships in just these three cities grant us access to over 17,000 renter-occupied units in the most populous counties in California, putting us in an excellent position to expand our footprint to the 6 million rental units in California alone.
Our business model consists of:
- Hardware Sales: Sales to government entities, property developers, retailers and car dealerships with residuals.
- Leasing: Offering a lease-to-own model primarily for direct-to-consumer sales.
- User Subscriptions: Device subscriptions with power usage, software updates, system set-up, and related services. This subscription model ensures predictable, recurring revenue. Users can include both municipalities who want to scale EV infrastructure and adoption, and EV owners.
Market
The electric vehicle (EV) market is experiencing explosive growth, with projections indicating a surge from $500 billion to $1.5 trillion by 2030. This represents a compound annual growth rate (CAGR) of 17.8%, signaling a transformative shift in the automotive industry. For investors, this presents a rare opportunity to participate in a market that's not just expanding, but fundamentally reshaping global transportation. Power Hero is strategically positioned to capitalize on this growth, focusing on a critical yet underserved segment: EV charging for apartment residents.
With over 100 million Americans living in apartments, Power Hero addresses a significant gap in the EV charging infrastructure. Currently, most EV owners rely on home charging, but apartment residents often lack this option. By providing innovative charging solutions for multi-unit dwellings, Power Hero isn't just tapping into a market – it's enabling an entirely new customer base for EVs. This approach has the potential to dramatically accelerate EV adoption in urban areas, creating a virtuous cycle of demand for both EVs and charging solutions.
Power Hero's technology, which allows for fast charging using existing 110V electrical infrastructure, solves a major pain point for property owners and residents alike. Traditional charging station installations often require costly electrical upgrades, but Power Hero's solution minimizes these expenses. This cost-effective approach opens up opportunities for rapid scaling across millions of apartment units. For investors, this means the potential for swift market penetration and the ability to capture a significant share of this growing market before competitors can react. And if they do, they will have to contend with our patents!
The company's diverse revenue streams – including hardware sales, leasing options, and user subscriptions – offer multiple paths to profitability and recurring income. This business model, combined with strategic partnerships with industry giants like Verizon and Arrow Electronics, positions Power Hero for robust growth. For investors, this translates to the potential for strong returns as the company scales. Moreover, by backing Power Hero, investors aren't just chasing profits – they're supporting a solution that addresses climate change and urban sustainability, aligning financial goals with positive social impact. In a market increasingly driven by ESG (Environmental, Social, and Governance) considerations, this dual benefit could prove particularly attractive to a wide range of investors.
Join us and own a stake in our success as together, we lead the charge for EV.
Press
- MagnateView
A Leader’s Insights: An Interview with Esmond Goei, the Chairman, Founder, and CEO of Power Hero Corp. - DNA
T.O.S . EP #170 “You got to get to the crowd. The crowd isn’t coming to you." W/ Esmond Goei - 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 - Insider
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
Team
Use of Proceeds
If the offering's maximum amount of $1,000,000 is raised:
Use | Value | % of Proceeds |
---|---|---|
Product Development | $600,000 | 60.0% |
General and Administrative | $150,000 | 15.0% |
Sales and Marketing | $201,000 | 20.1% |
Intermediary fees | $49,000 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in Power Hero Corp.. This offering must reach its target of at least $10,000 by its offering deadline of October 28, 2024 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
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:
Financials
These financial statements have been audited by an independent Certified Public Accountant.
SEC Filings
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.
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Updates
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