Introduction
Hypercharge is dedicated to providing seamless, straightforward charging solutions by providing industry-leading equipment and a robust network of public and private charging stations. Hypercharge is driven by its mission to accelerate EV adoption and enable the shift towards a carbon neutral economy.
Table of Contents
Hypercharge Networks Corp. Company Highlights
| Company Name | Hypercharge Networks Corp. |
| Headquarter | Vancouver, British Columbia |
| Industry | EV Charging |
| Founded | 2018 |
| Founder | David Bibby |
| Website | https://hypercharge.com/ |
Hypercharge Networks Corp. About
Located in Canada, Hypercharge Networks Corp. is a turnkey technology supplier of smart electric vehicle (EV) charging solutions to fleet operations, multi-unit residential and commercial complexes, and other industries. By providing hardware and a network of both public and private charging stations, the company offers charging solutions.
Through a controlled charging network of EV charging stations, the company offers turnkey EV charging solutions, mostly for light and medium-duty EVs. This cloud-based software platform provides drivers with iOS and Android mobile applications in addition to operating site-owner and company-owned charging stations. Its offering comprises equipment with 6 kW to 350 kW outputs for every situation and vehicle. Across Canada, the company instals and supplies EV charging stations.
Hypercharge Networks Corp. Industry
The industries that Hypercharge Networks principally services include workplaces, parking lots, retail establishments, indigenous communities, cities and municipalities, fleets, and hospitality and hotels. For consumers who want to charge electric vehicles at home or at work, the firm provides Level 2 and DC Fast Charging stations, software, and services.
Hypercharge Networks Corp. Founder and Team
Its headquarters are in Vancouver, British Columbia, and it was formed in 2018. Hypercharge Networks Corp.’s co-founder and CEO is David Bibby.
Hypercharge Networks Corp. Startup Story
Its headquarters are in Vancouver, British Columbia, and it was shaped in 2018. Being the primary Canadian-founded EV charging firm to go open, Hypercharge is excited to expand an welcome to investors to share within the company’s development as well as the progression of the carbon unbiased economy within the Joined together States, Canada, and other nations. Hypercharge is the most recent in a long series of forward-thinking businesses to list on Canada’s Tier 1 stock market, the NEO Exchange, which supports the country’s innovation economy.
Hypercharge Networks Corp. Mission and Vision
The company’s goal as a leader in clean technology is to hasten the adoption of electric vehicles (EVs) and move the economy toward carbon neutrality by offering smooth, straightforward charging experiences using industrial equipment and a strong network of both public and private charging stations. The selling of EV charging hardware, software, and maintenance contracts is its only business sector.
Hypercharge Networks Corp. Name, Tagline, and Logo
In September 2018, the business, originally known as Cliffwood Capital Corp., changed its name to Hypercharge Networks Corp.
Hypercharge Networks Corp. Business Model
The company’s adaptable business models support financial flexibility and simplicity of access by meeting the unique needs of each sector.
Direct Purchase
Direct Purchase is the model that most clients choose. This mode, which is best suited for establishments that want to fully own their charging infrastructure, is hands-on and comes with extensive management tools from Hypercharge to improve user experience and expedite operations.
Flexible Lease
This strategy is intended for companies who want to reduce their initial investment without sacrificing product or service quality. By providing an accessible entry point into the EV charging industry, the Flexible Leese Model enables businesses to distribute expenditures over time and preserve their financial flexibility.
Charging-as-a-Service
Their Charging as a Service (Caas) approach manages every facet of EV charging and offers a convenient and efficient solution. Customers benefit from a hassle-free, completely managed solution that guarantees charging infrastructure runs without a hitch, from installation to maintenance.
Hypercharge Networks Corp. Revenue Model
The Company’s net wage for the four months wrapped up December 31, 2022, outperformed C$1.2 million, which was a major turning point in its improvement course. The Company’s to start with quarter with bargains over C$1.0 million ($1,019,638) happened in the midst of this calendar quarter, which is the three-month period wrapping up December 31, 2022. The Company wrapped up the month with C$4.1 million in cash on hand as of December 31, 2022.
Hypercharge Networks Corp. Products and Services
Hypercharge’s offerings include:
- Hardware and software: Hypercharge offers an easy-to-use and effective EV charging solution with its agnostic hardware and software.
- Public and private charging stations are part of the Hypercharge network.
- Interoperability: Hypercharge’s network, software, and hardware are compatible with other EV charging providers and comply with OCPP standards.
Hypercharge Networks Corp. Funding and Investors
On May 1, 2022, Hypercharge Systems completed a Seed circular of venture. Moreover, Hypercharge Systems has been allowed $229,356 by Normal Assets Canada as portion of the Zero-Emission Vehicle Foundation Program (ZEVIP).
Hypercharge Networks Corp. Employees
Hypercharge Networks Corp. employed 17 people as of 2023.
Hypercharge Networks Corp. Challenges Faced
Within the EV charging station advertise, Hypercharge Systems is having troubles since its costs are higher than its salary, its income has been dropping for the past two quarters, and it needs financing. The trade has had more misfortunes than benefits generally, which proposes that raising capital and drawing speculators may demonstrate troublesome. Concerns over the company’s long-term prospects have been raised by its dropping deals for the past two quarters, in spite of the energy around EV charging stations and potential income development. The difficulties in the United States are also varied, encompassing both home and mobile charging markets.
Hypercharge Networks Corp. Acquisitions
CoSource Information Technology Services is a digital marketing agency and software developer. HyperCharge Networks is a company that creates electric vehicle (EV) charging systems.
Hypercharge Networks Corp. Growth
Numerous operational and financial development indications point to the possibility that Hypercharge Networks are expanding. The firm may be expanding its product line as seen by the recent release of Eevion, a cloud-based charging solution. Furthermore, 58 electric car chargers for a Cambridge, Ontario condominium complex have been ordered by Hypercharge Networks, indicating a growth in demand for its charging products.
Additionally, the firm released its unaudited financial figures, which indicate improved profitability per unit sold while incurring a loss due to increased margins. The market in Canada saw a huge upswing in 2023, and according to the most recent data from S&P Global Mobility, one in every eight vehicles registered in the country during the third quarter of the year was either a plug-in hybrid (PHEV) or a battery electric vehicle (BEV), accounting for an astounding 13.3 percent of all registrations.
Hypercharge Networks Corp. Partners
In order to promote the electrification of transportation, the Hypercharge Preferred Partner programme enables Electrical Contractors, Parking Management Companies, Auto Dealer Distributors, and Affiliates to provide Hypercharge EV Charging Solutions to both new and current clients.
Hypercharge Networks Corp. Competitors
Alternatives to Hypercharge Networks and potential rivals include dcbel, Elemental Excelerator, and FreeWire Technologies.
Hypercharge Networks Corp. Awards and Achievements
Hypercharge Networks Corp. was a finalist for the Business Growth category of the Greater Vancouver Board of Trade Business Distinction Award in 2023. Companies that demonstrate growth, commercial development, on-time delivery, and revenue recognition are honoured with this award. The prize went to Hypercharge Networks Corp. because of its outstanding expansion and inventiveness in the EV charging sector.
Hypercharge Networks Corp. Future Plan
The Canadian market is changing from only owning charging equipment to being a curator of client experiences, which will lead to the development of new revenue models for the EV charging industry. Hypercharge is thrilled to be extending its offerings to include fleet, retail, public, and residential charging, demonstrating the quick creation of a strong charging network that is accessible to everyone. In a similar vein, the US industry is changing. It is anticipated that by 2040, the market for electric car supply equipment would have grown from $7 billion to $100 billion.
Conclusion
Located in Canada, Hypercharge Networks Corp. is a turnkey technology supplier of smart electric vehicle (EV) charging solutions to fleet operations, multi-unit residential and commercial complexes, and other industries. By providing hardware and a network of both public and private charging stations, the company offers charging solutions.
FAQs
What does Hypercharge Networks Corp. do?
Hypercharge Networks Corp. is a supplier of equipment for electric vehicles. By offering easy charging experiences via a large network of public charging stations, the company promotes the adoption of electric vehicles more quickly.
When was Hypercharge Networks Corp. founded?
In 2018, it was established.
Who is the founder of Hypercharge Networks Corp. Corporation?
Bibby David is the creator.
Who is the CEO of Hypercharge Networks Corp. Corporation?
The CEO is David Bibby.
Who are the main competitors of Hypercharge Networks Corp.?
FreeWire Technologies, dcbel, and Elemental Excelerator are possible rivals to Hypercharge Networks.
