Xeal
Latest round
- Series B
Last raised
- Nov 2022
Total raised
- $51M
Investors
- 11
About Xeal
Founded in 2019, Xeal is headquartered in New York, US, focusing on electric vehicle charging infrastructure. The company was established by Alexander Isaacson and Nikhil Bharadwaj.Xeal Solutions specializes in providing advanced electric vehicle (EV) charging solutions tailored for apartments and businesses. The core offerings center around their patented, self-managed charging technology that operates without the need for IT, internet, or cloud dependencies. This technology is compatible with all electric vehicles and includes essential functionalities such as payment processing, revenue sharing, access control, and dynamic load management. Xeal's comprehensive service model encompasses the entire process from permitting and installation to onboarding and ongoing 24/7 support, facilitated by an in-house implementation team and a nationwide network of certified installers.Xeal Solutions generates revenue primarily through partnerships and service agreements with property owners and managers, offering a full-service execution model that includes installation and ongoing support for their EV charging stations. The company's revenue structure is based on a combination of upfront installation fees and recurring revenue from payment processing and revenue share agreements tied to the utilization of the charging stations. Customers benefit from a seamless charging experience facilitated by Xeal's technology, which allows for secure transactions and efficient load management. The company aims to introduce upcoming products that further streamline the EV charging process while exploring expansion into new geographical markets.
Who invested in Xeal
11 investors across 2 rounds
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Questions about Xeal
Who invested in Xeal?
Xeal has 11 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Xeal raised?
Xeal has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Xeal last raise money?
Xeal's most recent round on record is a Series B, in Nov 2022.
What does Xeal do?
Founded in 2019, Xeal is headquartered in New York, US, focusing on electric vehicle charging infrastructure.
Where is Xeal headquartered?
Xeal is headquartered in New York, US.
Which VCs invest in companies like Xeal?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back automobiles, other vehicles & parts companies at Xeal's stage. Their profiles are linked below.
VCs backing automobiles, other vehicles & parts startups at Series B
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