Defiance Ventures Announces Investment In BatteryXchange
Defiance Ventures, the Charlotte-based venture builder, today announced its investment in BatteryXchange, a vertically integrated portable battery rental platform.
“While we do not have a specific geographic focus at Defiance, we are excited when we are able to invest in the local Charlotte startup community,” said John Espey, CEO of Defiance. “Desmond and his team are off to an excellent start and with a software-enabled platform like BatteryXchange, we see many opportunities to increase monetization of not only the data but the overall customer experience through software.”
NC IDEA FOUNDATION Awards Total of $400,000 to Eight North Carolina Startups
DURHAM, NC – May 13, 2021 – NC IDEA, a private foundation committed to supporting entrepreneurial ambition and economic empowerment in North Carolina, announced today that the organization has awarded $400,000 in seed grants to eight North Carolina startups. Since its inception in 2006, the NC IDEA SEED grant program has awarded over $7.5M in non-dilutive grants to 169 innovative companies across the state, with these most recent awards being the 31st cycle of the program.
Cabarrus Center Provides a “Spark” Through New Grant Program
The Cabarrus Center for Innovation and Entrepreneurship may have just opened in March, but the first big “spark” of activity has already been underway for several months as aspiring entrepreneurs worked to secure grants through a new program, funded by the Flywheel Foundation and Truist Bank.
BatteryXchange installs first Apollo kiosk at 7th Street Public Market in uptown
Uptown Charlotte’s 7th Street Public Market is now home to BatteyXchange‘s newest tech product, Apollo.
BatteryXchange, co-founded in 2018 by Desmond Wiggan and Aubrey Yeboah, is a rental platform that provides rentable, portable batteries to cell phone users. The startup launched Hercules at Packard Place last year, a kiosk machine with 24 portable batteries and a 23-inch interactive digital display for branding and customer engagement.
Just yesterday, Wiggan said the newest product, Apollo, a kiosk with 48 portable batteries and a 44-inch screen, was installed at the market.
Desmond Wiggan is charging toward the future with BatteryXchange
Wiggan sees BatteryXchange “making it” not only in the states, but also around the world. Wiggan is of Jamaican descent and Yeboah is Ghanaian. Both entrepreneurs have STEM programming experience in Charlotte, Washington D.C., the Caribbean and Africa.
“Our social responsibility is just as important to where we want to be on the capital side of this company,” Wiggan said.
The Secret Sauce to BatteryXchange’s Rapid Success
“If you have the opportunity to sacrifice a few months to get your startup to a certain point, do it,” Wiggan encourages.
But the other piece to BatteryXchange’s rapid success comes down to energy and authenticity.
“The people who have bought into it, have bought into it based on the motivation and energy we exude,” Wiggan says. “Genuine people attract genuine people; I truly believe that.”
Black-led startup, BatteryXchange crowdfunds for its on-the-go charging solution
“Once they are finished charging to their liking, they can find other kiosks to return the battery to,” explains Wiggan, 29. “Our mission is to keep the world connected.The Charlotte-based startup is already drawing a lot of interest. The pair netted the $10,000 grand prize at this years City Startup Labs’ annual pitch competition.
Why millennials should invest in tech.
“Coming from DC to China allowed me to immerse myself into a different culture and environment. That’s what gave me the initial spark to build something of significant value outside my comfort zone.” – Aubrey Yeboah
STAY CHARGED WITH BATTERYXCHANGE
“Your cellphone is your lifeline,” says Wiggan. “It’s how you stay connected with work, your friends, your family.” BatteryXchange provides an on-demand business for bars or retail stores, who pay a monthly fee to get a battery kiosk in their establishment. Customers can rent and use a battery pack as they drink a beer or browse the merchandise.