Go Eve secures £3m in its first funding round to scale production and secure supply chains.
The initial financing round values the electric vehicle charging start-up at £12.6m and includes backing from Cur8 Capital.
Go Eve develops pioneering electric vehicle charging technology designed to make rapid charging more affordable and scalable. The firm was honed at Imperial College and University College Dublin.
Electric vehicle charging start-up Go Eve has secured £3m in its first funding round, valuing the business at £12.6m. The capital will be used to secure supply chains, scale production, and support initial installations of its DockChain system. The financing round attracted backing from several major investors, including Cur8 Capital, The Pearl Family Office, Carter Gem, Automotive Ventures, and Kero Development Partners.
The firm's DockChain technology extends the reach of a single rapid DC charger to service multiple parking spaces via a daisy-chain of low-cost terminals. Go Eve's software then manages a virtual queue to supply high power to each connected vehicle in turn, reducing downtime and improving grid efficiency. The company plans to ensure volume availability in Europe and the United States before the end of the year.
From the founder
"Go Eve offers a technology that can transform EV charging. For EVs to replace fossil-fuel cars, charging needs to be faster, lower cost, more widely available and most efficiently use available grid capacity. Our technology does all these things, which is why we see a future with rapid charging in every space."
Hugh Sheehy
CEO at Go Eve
Use of funds
- 01Scale operations
- 02Build out infrastructure
