Brisbane-based EV charging and energy management start-up EVOS has secured $5 million in its latest funding round and will launch a new EV charging product in its home city on July 19.
EVOS says the $5m raise was completed leveraging existing investors to close the round quickly. The company initially raised $1.7m in 2021 to help expand its team and commercialise its technology.
Since then, EVOS has added 22 employees to its manufacturing, sales and engineering departments, while launching new products, like the one on July 19 designed to help EV owners simplify and reduce charging costs, similar to its Fleet Home 22 AC Charger.
The investment will enable the company to bring to market new technologies ideal for EV charging use cases to address challenges for EV fleet operators and EV homeowners/renters, among others.
“We’ve seen tremendous growth not just within our team but the opportunities for electric vehicles in Australia,” says EVOS chief technology officer Chris Crossman.
“Some of the barriers to EV adoption have gone down and we’re seeing pick-up in sales locally – yet the issue holding EVs back from being the logical and only next vehicle purchase for many people here is the availability of charging infrastructure suited to their requirements.”
EVOS specialises in fleet energy management and AC charging for EVs.
