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§ Private Profile · Houston, TX, USA
Developer and marketer of wireless electric vehicle charging systems for EV owners in North America, focused on inductive technology.
Evatran Group is a Richmond, Virginia-based manufacturer that develops wireless electric vehicle charging systems utilizing inductive technology to transfer energy without physical plug connections. The organization operates a direct-to-consumer sales model alongside a commercial network consisting of over 100 certified dealers and installers distributed across the United States and Canada. Prior to full commercialization, the firm conducted field trials of its proprietary Plugless Level 2 charging system with corporate partners including Google, Hertz, Duke Energy, and Bosch. Evatran Group initially launched operations with 12 employees and secured approximately $7 million in early funding to develop its core technology. This capital was followed by a $1.6 million strategic investment from Chinese automotive parts manufacturer Zhejiang VIE Science and Technology Company to facilitate international expansion. The enterprise was founded in October 2009 by Tom Hough and Rebecca Hough.
Evatran Group has raised $11.6M across 2 funding rounds.
Evatran Group has raised $11.6M in total across 2 funding rounds.
Evatran Group has raised $11.6M across 2 funding rounds. Most recently, it raised $10.0M Series B in January 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 5, 2016 | $10M Series B | Zhejiang VIE Science & Technology | — | Announced |
| Jun 29, 2015 | $1.6M Venture Round | Zhejiang VIE Science & Technology | — | Announced |
Evatran Group has raised $11.6M in total across 2 funding rounds.
Evatran Group's investors include Zhejiang VIE Science & Technology.