BreatheEV 🔋

Setting the Scene

• As electric vehicles (EVs) become more popular, finding and filling available charging units is increasingly challenging for drivers and properties alike.

• Here’s why:

  • Low Turnover: Drivers leave their cars at chargers long after they’re fully charged, limiting charger availability and reducing turnover.

  • Limited Access: Over 32% of U.S. residents in multifamily housing have minimal or no access to on-site EV charging.

  • Underutilized Infrastructure: Some properties over-install chargers to meet peak demand, resulting in high upfront costs and idle infrastructure during off-peak hours.

• This week’s company offers a reliable EV charging solution to improve accessibility for owners and consistent revenue for properties.

In a Sentence

BreatheEV is a reservation-based electric vehicle (EV) charging system that improves access for drivers and boosts reliability and revenue for properties.

• Reservation-Based: Offers users dependable access to charging stations via an app, allowing them to book a station and time in advance.

• System: BreatheEV’s software provides properties with analytics on energy usage, revenue, and helps reduce the amount of chargers a property needs.

The Basics

• Industry: Software Development

• Headquarters: Arizona 

• Year Founded: 2023

• Employee Count: 9 

• Investors: Dorm Room Fund, New Venture Challenge, Eric Ries, Dan Tyre, Ray Croghan, and other notable angels.

• Amount Raised: $300k pre-seed I and $500k already committed for their pre-seed II

• Business Model: Property owners shares charging revenue BreatheEV

• Early Traction: Revenue-generating since March 2023, active in two states, recent contract with a top-three U.S. university, and partnership with a publicly traded company

IN PARTNERSHIP WITH

• Google has built 9 products with over 1 billion users. 

• Sign up for the Google for Startups Cloud Program to receive up to $200k of credits over 2 years.

• Start building and innovating your startup with Google Cloud today.

Applicants must meet eligibility criteria*

Due Diligence

WHAT WE LIKE

• Market Opportunity: With 17 million EV’s expected to be sold by the end of 2024, a 20% increase from 2023, the demand for accessible charging infrastructure will intensify, positioning BreathEV’s reservation system at the forefront of this shift.

• Built on Existing Infrastructure: BreatheEV’s software retrofits existing OCPP-compliant chargers, reducing costs and enabling quick, scalable adoption for expansion across multifamily housing, commercial real estate, rideshare fleets, and hospitality venues.

• Patent Pending: BreatheEV’s reservation-based system is patent-pending, adding defensibility to its approach in the rapidly growing EV charging market.

POTENTIAL RISKS

• Adoption Resistance: Some properties may hesitate to adopt a new revenue-sharing model or invest in retrofitting without clear initial benefits.

• Dependency on External Hardware: As a hardware-agnostic platform, BreatheEV relies on compatibility with external chargers, which may limit its ability to control the entire user experience.

• Emerging Competition: With several players entering the EV charging space, BreatheEV may need to continually innovate to maintain differentiation and a competitive edge.

Founder Profile

• Maxwell Bregman, CEO: Previously lead Data at Culdesac, Kleiner Perkins Fellowship Nominee and Finn Scholar.

• Tony Manjooran, Growth & Operations: Previously a consultant at Trinity Life Sciences and The Luminosity Lab.

Comps

• Xeal: Backed by Bridge Bank, Keyframe Capital Partners, Moderne Ventures, ArcTurn Ventures, etc.

• AmpUp: Backed by Touchdown Ventures, Goodyear Ventures, TechNexus Venture Collaborative, Foothill Ventures, Y Combinator, etc.

• SWTCH: Backed by Blue Earth Capital, Aligned Climate Capital, Silicon Valley Bank Canada, Active Impact Investments, etc.

Event Board

• Investor Gala, NYC: On November 7th, we’re bring together the next generation of New York’s venture capital and growth equity investors. This will be hosted at Silver Art’s 44,000 square foot artist residency and studio space in World Trade Center 4, often called the "YC for artists." Apply HERE.

• FOUNDERSGIVING NYC: On November 21st, we are hosting a hosting a Thanksgiving themed dinner in a stunning penthouse for NYC’s top founders. Apply HERE.

Note: If you apply and aren’t approved for a dinner, we will try to get you to a future event.

Cast Your Vote

Last Week Today

• The Results Are In: IrisMed, a company offering an AI-powered platform to streamline and optimize medical back-office billing workflows, was favored in last week’s poll.

• Subscriber Feedback: “With growing demand for streamlined healthcare operations, IrisMed’s automation could relieve labor strain and improve accuracy.”