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Xeal Raises $11M To Expand Its Digital Token Payment System For Ev Chargers
10/28/21, 2:00 PM
Money raised
$11 million
Electric vehicle charging companies depend on reliable internet access to sell electricity to customers, track usage data, authenticate users and receive over-the-air updates. If a WiFi connection is unreliable, drivers could find themselves in a sticky situation.
Company Info
Additional Info
The company also says Apollo makes for more cost savings too, because real estate owners don’t have to pay for data plans or incur costs associated with installing internet access in hard-to-accommodate places that are convenient for drivers, like a parking garage. The company will also be hiring more engineers and possibly even expand the self-reliant offline protocol to other use-cases.“Everything you do in life, to perform well, you need to have someone else performing well,” Isaacson said. Xeal says its protocol is much more secure than conventional smart chargers on the market.
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