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Venture Capital News: ChargeFUZE Inks $5M Oversubscribed Seed

2022-05-19
LOS ANGELES, CA, ChargeFUZE, the fastest growing provider of high-speed on-the-go mobile charging, today announced it has raised $5 million in oversubscribed seed funding.
The round was led by investors including Beverly Pacific, an early stage tech and real estate private equity fund; TR Ventures; VA2; Jason Goldberg, co-founder and president of Carro; and Al Weiss, former President of Worldwide Operations for Walt Disney Parks and Resorts; among many others. ChargeFUZE has applied the sharing economy concept to portable charging, giving users the freedom to rent a portable charger and charge their phones from anywhere.

Additional investors include Ludwig Pettersson, founding member of Stripe and founder of Quill; ERG + Partners; Cameron Azoff, Beats; Nicolai Marciano, GUESS? Inc.; Blake Coppelson, founder and CEO of Proximity Music; Terry Rozier, NBA Star; Harry Jowsey, Reality Star; Aaron Turner, NBA Agent at Verus Basketball; Lil' Mosey, Double Platinum Recording Artist; Kenny Smith, NBA commentator and former NBA player; Austin Mills, TV Host and NBA Influencer, Ingenuity Live; GenZ Investment Firm; and high level talent from Apple, Snowflake, and Snap Inc.

ChargeFUZE is the fastest growing provider of high-speed on-the-go mobile charging. It is making the experience of mobile charging ubiquitous by eliminating the need to buy a battery, bring a charging cord everywhere, or wait for a charge tethered to antiquated public charging stations. ChargeFUZE's comprehensive network of autonomous kiosks enables users to charge their phones anywhere, and never miss a moment. When they're done, users can easily return the portable charger at any chargeFUZE kiosk nationwide. ChargeFUZE will soon span over 40 states, including more than 50 professional sports stadiums, and the company has seen rapid growth within all five major sports leagues in the U.S., both as long-term partners and at short-term events.
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