VoltSafe Launches Strategic Funding Round as Project Pipeline & Traction Grows

VANCOUVER, BC, CANADA – (September 15, 2021) – VoltSafe Inc. is pleased to announce the launch of its Pre-Series A funding round. Participation in this round is exclusively for strategic institutional investors, as the company seeks to add capital partners able to expedite VoltSafe’s burgeoning demand with a combination of access to: business intelligence, strategic network and partners, talent pool and additional investors to support growth. The proceeds from this round will be used to accelerate and strengthen the impact of initial commercialization of VoltSafe Home, Marine-RV and General Purpose magnetic electrical connectors as well as to expand the breadth of pilot projects, beta testing and customer analysis in Aviation-GSE, Global Shipping, Data-Centres, Autonomous Vehicles (automobiles, agriculture, robotic fleets) and EMS (ambulances, fire trucks, police).

Commenting on the raise, VoltSafe CFO, Scott Carlson, stated, “VoltSafe has more opportunities than the current team can efficiently pursue, with in-bound solicitations for our patented technology arriving weekly. Adding strategic partners allows VoltSafe to capitalize on the most attractive in-bound requests, significantly accelerating growth in multiple core verticals and executing on lucrative licensing opportunities.”      

VoltSafe is also pleased to provide an update on VoltSafe Winter sales, the company’s first-to-market product. The team has successfully landed additional major Canadian distributors like NAPA, Docap, Bestbuy and Modern Sales. These new partners join existing VoltSafe major Canadian distributors from the previous year: Canadian Tire, Federated Co-Op, Home Hardware and Princess Auto. VoltSafe is also expanding into the USA this winter, adding multiple distributors in Alaska and a major milestone with the recent addition of Menards (the third-largest home improvement chain in the US, behind Lowe’s and Home Depot).

Looking ahead to the fourth quarter, VoltSafe CEO, Trevor Burgess, highlighted, “VoltSafe is on the brink of an exciting new chapter. We’re entering a new phase of the company’s growth and moving full steam ahead on multiple fronts. We’re already seeing significant demand in our core verticals in both sales and licensing of our patented technology, and in new opportunities where our technology provides a significant competitive advantage. I am thrilled to be bringing on new strategic capital partners, allowing us to accelerate and scale our vision.”  

Institutional investors interested in participating in this strategic fundraising round with should contact VoltSafe CFO, Scott Carlson, by email at scott@voltsafe.com

 

About VoltSafe Inc.

Fearless creators, obsessed with progress, VoltSafe Inc. is changing the way people connect to power. Headquartered in Vancouver, BC, the Canadian tech startup has reinvented the electrical plug by eliminating prongs, adding magnets and an “electrical fingerprint”. Using patented technology, VoltSafe has created the world’s safest, simplest, and smartest plug design since electricity came into homes more than 140 years ago. In 2018, VoltSafe successfully pitched on CBC’s Dragons’ Den, receiving three offers above ask and won the BC Cleantech Newcomer award at GLOBE Cleantech 2020 along with other accolades to date. The company’s first certified product to market, VoltSafe Winter (a magnetic extension cord for engine block heaters), is on store shelves in numerous big box retailers across Canada and the USA. The company’s product pipeline includes magnetic plug replacement solutions for household, commercial, industrial, marine, electric and autonomous vehicles, emergency services, data centres and more.