A Brisbane startup following in the footsteps of electric vehicles (EV) charging unicorn Tritium has raised a $1.7 million seed round.
EVOS was founded by three former Tritium employees. That fellow Brisbane venture is set to list on the US NASDAQ via a special purpose acquisition company (SPAC).
The new startup is focused on fleet energy management and AC charging, compared to Tritium’s DC fast chargers.
The $1.7 million round came from Autostrada and an undisclosed ASX-listed company and is earmarked to develop the startup’s chargers and energy management software platform in Australia for export alongside plans to hire nine new engineers.
The EVOS Fleet Home 22 AC Charger and its dual charge equivalent, the EVOS Twin, are designed for homes and fleets to be easily installed at your house. The system manages the best time, speed and rate to charge vehicles, and reduces the cost of upgrading electrical infrastructure and demand on chargers. The system is simple enough for an employee with a fleet car to uninstall it from their garage.
The AC chargers will be manufactured in Brisbane by Autostrada’s manufacturing arm Circuit Solutions.
EVOS was founded by Marcelo Salgado, Seshan Weeratunga and Chris Crossman.
Weeratunga said alongside a lack of chargers, one of the biggest challenges facing EV users and fleets is that using chargers can be overly complex.
“When a driver went to a charger, they might have to download a specific app simply to be invoiced,” he said.
“And from a fleet perspective the hassle and time it can take to manage multiple accounts for its fleet was a significant hindrance to EV rollouts. Our solution addresses those issues immediately.”
Salgado said: “Our investors have seen that there is an emerging market in Australia and our technology directly addresses the key hindrances holding it back.”
The startup’s system provides a simple way to manage EV charging without the need for RFID tags, smartphone apps or fuel cards.