# eLeapPower

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eleappower

- Industry: Automobiles, Other Vehicles & Parts
- Headquarters: Toronto, Canada
- Website: www.eleappower.com
- Total disclosed funding: $16M
- Latest round: Series A (Dec 14, 2021)
- Investors on record: 1

## About

eLeapPower develops advanced electric vehicle (EV) technologies, focusing on integrated inverters and wireless charging systems to enhance EV performance and promote sustainability.Founded in 2016 in Toronto, Canada, eLeapPower specializes in advanced electric vehicle technologies. The company raised CAD 21.000 mn in Series A funding in December 2021, led by BDC Capital. The founder, Tony Han, has a background in technology innovation and development.eLeapPower specializes in advanced electric vehicle (EV) technologies, primarily offering integrated inverters and wireless charging systems aimed at enhancing EV performance, reducing costs, and promoting environmental sustainability. Their core products focus on enabling high-power driving and facilitating efficient energy distribution from renewable sources, positioning vehicles as integral components of the green energy network. eLeapPower’s technology is particularly beneficial for fleet applications, providing solutions that optimize performance, enhance driving experiences, and extend range capabilities. Their offerings cater to a diverse customer base, including original equipment manufacturers (OEMs) and fleet operators across various geographical markets, particularly in North America and Europe, where the demand for electric fleet vehicles is on the rise. The solutions are designed for both commercial and consumer end users, promoting smarter and more efficient EV driving experiences.eLeapPower generates revenue through direct sales of its integrated inverters and wireless charging systems, engaging in B2B transactions with OEMs and fleet operators. The company also establishes partnerships that facilitate the integration of their technologies into existing EV frameworks, enhancing the overall value proposition for clients. Revenue streams in this sector typically include sales agreements for individual products or bundled solutions for fleet applications. Their flagship products, such as the integrated inverter and wireless chargers, drive financial performance through contracts with commercial and industrial clients looking to modernize their electric vehicle fleets.eLeapPower plans to utilize the CAD 21.000 mn raised in Series A funding to open an engineering center in Shenzhen, China, aiming to meet the needs of initial customers and expand its award-winning technologies across a broader range of commercial and passenger electric vehicles. This move will support their strategy for growth as they target new markets and regions, enhancing their footprint in the electric vehicle sector.

## Funding rounds

- Series A, Dec 14, 2021, $16M — BDC Capital

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A