Xeal

What Xeal does

Xeal (legal entity EVE Energy Ventures, Inc.) is a privately held, venture-backed EV charging technology company founded in 2018 by Nikhil Bharadwaj and Zander (Alexander) Isaacson and headquartered at 594 Broadway in New York's SoHo neighborhood, with additional regional offices in Dallas and California. The company designs, manufactures, and operates Level 2 smart EV charging stations targeted at segments underserved by public DC fast-charging networks — primarily multifamily residential properties, commercial and workplace buildings, educational campuses, hospitality venues, and mixed-use developments. Enterprise customers disclosed include Lincoln Property, AvalonBay Communities, Harrison Street, Brookfield Properties, UBS Asset Management, Pfizer, Princeton University, Clemson University, Valiant Residential, Stoneweg US, NRP, Cardinal Group, CA Ventures, JVM Realty, Bulfinch, and The Grove, with the network spanning more than 400 U.S. cities by 2025.

The technical foundation is the patented Xeal Protocol (originally called Apollo) — a distributed token-ledger system that authenticates drivers and processes charging sessions locally between the driver's phone and the charger via BLE and NFC, without dependence on Wi-Fi, cellular, or cloud infrastructure — together with the patent-pending Helix Computing™ platform, which underwrites a 100% uptime guarantee. Chargers ship in NEMA4-rated enclosures with dynamic load balancing across multiple chargers and over-the-air firmware updates delivered through the same protocol. The software surface consists of an iOS/Android driver app with tap-to-charge functionality, a cloud-based management dashboard for property owners, an enterprise API & Webhooks integration, and an ROI calculator used as a self-serve funnel tool.

Xeal's revenue model spans six streams: hardware sales of smart charging stations; per-session charging fees (rate set by the property owner / Site Host) processed via Stripe; installation services delivered through the certified EVI (EV Implementation) installer network; idle and late fees; a monthly mobile-app subscription; and dynamic / surge pricing where energy-management capabilities are enabled. Go-to-market is sales-led enterprise direct sales targeting large real estate owners and operators, augmented by a tiered reseller and certified installer partner program with recurring revenue share. The company has raised approximately $51 million to date across an undisclosed seed, an $11 million Series A (October 2021), and a $40 million Series B (November 2022, led by Keyframe Capital Partners).

Name

Xeal

Legal name

EVE Energy Ventures, Inc.

Website

https://xealenergy.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Xeal designs and operates a proprietary EV charging platform for multifamily, commercial, educational, and hospitality properties, using a patented token-ledger protocol that enables internet-free charging sessions and a 100% uptime guarantee.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Electric Power Generation, Transmission and Distribution (2211), Wiring Device Manufacturing (33593)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Services (4911)

akta.pro primary industry

Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA)

akta.pro secondary industries

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), EV Charging Grid Integration Services (Utility Make-Ready, Load Management Integration) (EUAEANAJ)

Keywords

• EV charging infrastructure
• Smart EV chargers
• Multifamily EV charging
• EV charging software
• Offline EV charging

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. EV Charging Hardware Sales: Sale of smart EV charging stations to property owners and operators. Chargers include proprietary Helix Computing firmware with rugged NEMA4-rated housings.
2. Charging Session Fees: Drivers pay per charging session at rates set by the Site Host (property owner). Payments processed through Stripe or another payment processor. Session fees are collected via credit card or digital wallet in the mobile app.
3. Installation Services: End-to-end project management from site development to charger activation. Professional installation through certified nationwide installer network.
4. Idle and Late Fees: Fees charged when vehicles remain plugged in after charging is complete or after session completion time.
5. Subscription Plans: Monthly subscription fee plan for mobile application use with option to automatically renew or cancel.
6. Dynamic Pricing: In locations with dynamic energy management enabled, pricing may vary based on power demand, availability, energy prices, and vehicle battery needs. Surge pricing during demand-constrained events.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Xeal sells smart Level 2 EV charging stations, a cloud-based management dashboard, and a driver mobile app to property owners and operators of multifamily, commercial, workplace, hospitality, and education properties. Charging is delivered through a proprietary offline architecture (Xeal Protocol / Apollo Protocol and Helix Computing) that processes transactions locally between the driver's smartphone and the charger without requiring Wi-Fi, cellular, or cloud connectivity. The offering is bundled with end-to-end installation services (EVI) delivered via a certified nationwide installer network.

Product overview

Xeal is a technology-first EV charging company offering a unified platform for multifamily, commercial, and hospitality properties. The core offering consists of Xeal EV Chargers (Level 2 smart charging stations with patented Helix Computing firmware), the Xeal Driver App (mobile application for iOS/Android), and the Xeal Management Dashboard (cloud-based operations tool). These are powered by the Xeal Protocol (patented distributed token ledger technology) and Helix Computing platform that enables 100% uptime guarantee independent of internet connectivity. Additional offerings include EVI (installation services), Dynamic Load Management, API & Webhooks for enterprise integration, an ROI Calculator, and the Xeal Partner Program for resellers.

Differentiator

Problem solved

Functional benefit

Brands

• Xeal Protocol: Patented self-reliant token-ledger communication protocol that enables EV charging transactions without reliance on Wi-Fi or cellular connectivity, using cryptographic tokens and distributed ledgers.
• Helix Computing™
• EVI
• EV Software

Products and services

• Xeal EV Chargers Level 2 smart EV charging stations with patented Helix Computing firmware that delivers a 100% uptime guarantee. Chargers operate independently of Wi-Fi or cellular connectivity, feature indoor/outdoor rating, universal EV compatibility, and NEMA4 weather resistance, and are sold to property owners and operators in the multifamily, commercial, workplace, hospitality, and education segments.
• Xeal Driver App Mobile application for iOS and Android that enables drivers to initiate charging sessions by tapping their phone to a Xeal charger, with automatic payment processing, session history, and 24/7 support access. Available as a free download with an optional monthly subscription.
• Xeal Management Dashboard Cloud-based dashboard for property owners and operators to manage charger configurations, track usage analytics, monitor revenue, assign access permissions, configure pricing, and generate financial reports across single properties or entire portfolios.
• EVI (EV Implementation) Premium installation program providing certified industry-veteran professionals for end-to-end project management, from site development to charger activation, delivered through Xeal's certified nationwide installer network and dedicated EVI team.

Quantifiable outcome

• 100% Uptime Guarantee - eliminates the 95-98% uptime typical of cloud-dependent chargers
• +2 more outcomes

Named customers17 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature6 records

Partnerships

13 partnerships are on record, tiered core, major and minor.

• Valiant ResidentialcoreStrategic or Co-development Partner · 1 January 2024Partnership grew 10x with hundreds of stations deployed across Central US in just three months. Major expansion of EV charging infrastructure.
• NRP (National Realty Partners)majorStrategic or Co-development Partner · 1 January 2024Leading developer NRP selected Xeal to deploy EV chargers across US properties.
• JVM Realty CorporationmajorStrategic or Co-development Partner · 1 January 2024Partnership expanded to bring reliable EV charging to 20+ properties across JVM's portfolio.
• BulfinchmajorStrategic or Co-development Partner · 1 January 2024Partnership with Bulfinch and Harrison Street to electrify Boston's life science hub with Xeal chargers.
• The GroveminorStrategic or Co-development Partner · 1 January 2024Xeal EV chargers debuted at The Grove retail property to electrify retail experience with advanced charging solutions.
• Harrison StreetcoreStrategic or Co-development Partner · 1 January 2023Partnership to deploy more than 300 EV charging stations at properties across California, Massachusetts, Texas, and Virginia. Harrison Street is a leading investment management firm focused on real estate assets.
• Stoneweg USmajorStrategic or Co-development Partner · 1 January 2023Strategic partnership for EV charging rollout across Stoneweg US property portfolio.
• UBS Asset ManagementcoreStrategic or Co-development Partner · 1 January 2023Xeal selected by UBS Asset Management for EV charging solutions. UBS deploying hundreds of Xeal chargers across US properties.
• Cardinal GroupmajorStrategic or Co-development Partner · 1 January 2023Partnership with Cardinal Group for campus EV charging installations across the US. EV charging as student recruitment tool.
• CA VenturesmajorStrategic or Co-development Partner · 1 January 2023Joint deployment of hundreds of Xeal chargers on college campuses around the US.
• StripecoreTechnology or IntegrationPCI-DSS level 1 compliant payment processor handling all financial transactions including credit card payments and ACH transfers for payouts.
• Amazon Web ServicescoreTechnology or IntegrationAWS hosts Xeal's cloud infrastructure. AWS environment is routinely audited against SOC 2 and ISO 27001 standards.
• SalesforcemajorTechnology or IntegrationCRM platform used for customer relationship management.

Scale indicators7 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• EVgo: US public EV fast-charging network operator focused primarily on DC fast charging, but also partners on workplace and multifamily programs. Less of a direct software competitor than a broad incumbent shaping buyer expectations in property-managed EV charging.
• ChargePoint: Largest independent EV charging network operator in North America, providing Level 2 and DC fast charging hardware plus a cloud management platform. Comparable to Xeal across commercial real estate and multifamily segments but with vastly larger scale, broader public-network footprint, and a more mature enterprise software stack.
• Blink Charging: Public EV charging equipment manufacturer and network operator with significant multifamily and workplace deployments. Overlaps with Xeal in selling Level 2 chargers and managed services to property owners, but operates as a public company with broader hardware SKUs and DC fast-charging offerings.
• ABB E-mobility: Global industrial electrification incumbent offering a full portfolio of AC and DC EV chargers plus connected services for commercial sites. Comparable to Xeal as a hardware-plus-software provider to commercial real estate, with far greater scale, global reach, and balance sheet.
• Schneider Electric (EVlink): Global energy management and automation giant selling EVlink Level 2 and DC chargers with integrated building energy management. Comparable to Xeal at the intersection of EV charging and building energy/load management, with stronger global reach but a less focused multifamily go-to-market.

Emerging players

• Enphase Energy: Solar inverter company that has expanded into EV charging with the IQ EV Charger, targeting solar-equipped homeowners and small commercial properties. Comparable to Xeal on smart-charging integration with energy systems, but Enphase enters EV charging from the solar/storage side rather than as a pure-play charging operator.
• AMPECO: EV charging management software platform enabling charge point operators to manage multi-vendor networks. Compares to Xeal's management dashboard and software layer but is hardware-agnostic and positioned upstream as a CPMS for operators rather than a vertically integrated provider.
• Wallbox: Design-forward EV charging hardware company with bidirectional (V2G) chargers and a consumer/prosumer focus. Overlaps with Xeal in smart Level 2 charging and dynamic load management, but Wallbox is more residential- and prosumer-oriented while Xeal targets enterprise multifamily and commercial portfolios.

Direct peers

• SemaConnect (now Blink): Pre-acquisition SemaConnect was a direct peer to Xeal, specializing in Level 2 networked EV charging for multifamily, workplace, and commercial properties with a property-owner SaaS dashboard. Closely comparable in target customer (multifamily REITs) and business model (hardware + managed software services).
• FLO Services USA: Canadian-headquartered EV charging manufacturer and network operator with growing US footprint, offering Level 2 and DC chargers with a cloud management platform. Comparable to Xeal in selling networked Level 2 hardware plus software to commercial and multifamily properties, though more oriented toward public networks.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/xealenergy
• LinkedInlinkedin.com/company/xealenergy
• Instagraminstagram.com/xealenergy
• Facebookfacebook.com/xealenergy

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds5 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xeal