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Hypercharge Networks launches new home EV charger

Consumer, Energy, Industrial
NEO:HC
24 November 2023 09:44 (EDT)

Source: Hypercharge Networks Corp.

Hypercharge Networks Corp. (NEO:HC) has launched its new residential Level 2 EV charging station, Hypercharge Home, for at-home use.

Hypercharge Home is a 22 centimetre by 22 cm charging station with a 7.6 kW output at 32 amps. The company stated in a news release that it is compatible with most North American electric vehicle models, including Tesla, and can charge most EVs within five to seven hours.

Given its size, the company also pointed out it can be part of any parking space, including small garages or shared parking areas.

People will be able to purchase Hypercharge Home (C$749.99, US$680.00) direct from the company and delivered by specialized home installers.

Based out of Vancouver, the tech company recently released its financial results, reporting C$921,783 in revenue for the three months ending Sept. 30, an increase of 148 per cent compared to the three months leading up to Aug. 31, 2022. For the six months ending Sept. 30, 2023, the company’s revenue was C$1,422,807, a 223 per cent increase compared to the six months ending Aug. 31, 2022.

Hypercharge Networks Corp. provides smart EV charging solutions that offer turnkey technology to multi-unit residential and commercial buildings, fleet operations, and other sectors. The company provides charging solutions by offering equipment and a network of public and private charging stations.

Hypercharge Networks Corp. opened trading up 9.5 per cent at $0.22 per share. Hypercharge stock is up 33.33 per cent this week.

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