Singapore
The SHADO Group, founded in 2014 and headquartered in Singapore, is a prominent player in the electric vehicle (EV) sector, focusing on Transportation, Energy Storage, and Automotive technologies. The company is a pioneer in spurring EV adoption in emerging markets, including the congested urban environments of India, Southeast Asia, and Africa.
The company differentiates itself by offering cutting-edge, low-voltage, high-performance EV technology, and a unique instant-charging infrastructure. This includes Ultracapacitor power storage with a rapid-charging capability and a fleet of mobile "Powerbanks" ensuring flexible and widespread access to charging stations in urban areas.
Focused initially on commercial users, SHADO Group aims to establish a robust EV ecosystem. Their innovative "low-voltage high performance" powertrain supports extreme commercial use safely. The last seed round investment was $1.00M on March 26, 2019, underscoring initial investor confidence, while the potential for future funding rounds seems promising considering their unique market position and solution-oriented approach.
