EV Charging Scam
Over the years, I’ve commented on attempts to raise investment capital via business plans that are strong on identifying a problem, but are extremely weak on offering a reasonable solution.
Here’s a great example, whose founders claim to have an answer to providing EV charging solutions to renters.
The only information the promotional video provides is that the electricity come from the grid, and charges the car with a 110V (house current, unacceptably slow) circuit.
They write:
That’s why Power Hero has been focused on enabling apartment residents to charge their EVs at home, in the building where they live, on their own outlet (whatever that means). That’s our PowerPac product scheduled for market introduction in 2024. Our investors get it. Don’t Miss Out
