Go Eve, a joint UCD and Imperial College London start-up, is seeking to raise €3m in seed funding.
Go Eve, a start-up focused on bringing a novel electric vehicle (EV) charging system to market has been named UCD Start-up of the Year 2021.
The young business will access a €32,000 prize fund after being declared overall winner of the UCD VentureLaunch accelerator programme.
“This technology makes rapid DC charging possible for all parking spaces at little more than the cost of today’s slow AC charging infrastructure”
Go Eve was founded by Hugh Sheehy, who completed the UCD VentureLaunch Accelerator Programme, John Goodbody, Professor Robert Shorten, Dr Pietro Ferraro and Andrew Cullen.
Electric vehicle charger breakthrough
Go Eve is focused on commercialising a patent-pending ‘DockChain’ technology for charging EVs at scale. The DockChain innovation allows multiple parking spaces to be rapidly ‘electrified’ from one base power source with a daisy chain of inexpensive and simple charging points.
The technology can significantly reduce the costs involved with charging large numbers of EVs, or where rapid vehicle turnaround is required, and can remove the operational inconvenience of moving vehicles around chargers.
“Our vision at Go Eve is to make every parking space capable of charging an EV using the DockChain technology,” Sheehy explained. “This technology makes rapid DC charging possible for all parking spaces at little more than the cost of today’s slow AC charging infrastructure.
“The technology has the potential to open up a whole number of use-cases, especially where large volumes of EVs are parked, such as for car rental fleet operators, large destination car parks in hotels and office buildings. Many other applications are being examined, from municipal parking to advanced Vehicle-to-Grid solutions.”
Sheehy added: “We currently plan to run three pilot programmes with three customers during 2022 and we are now seeking to secure seed investment of €3 million to support these pilot programmes, to support further product development and design and team expansion.”
The main objective of the UCD VentureLaunch Accelerator Programme is to equip participants with the knowledge, skills and understanding that will be required to work as part of a team leading a new commercial venture. On completion of the programme the expectation is that participating new ventures will have developed a commercially viable business plan.
The programme consisted of eight workshops delivered over a two-month period from October to November at NovaUCD. The Business Model Canvas approach to start-up development forms the basis of the programme with each session consisting of a mix of taught content and interactive workshops delivered by external experts as well as involving talks from entrepreneurs. Participants also gain expert mentoring on marketing, finance and funding, sales and pitching to investors.
“Each year we support members of our research and entrepreneurial communities who want to accelerate the creation of exciting new start-ups through our VentureLaunch Accelerator Programme,” said Tom Flanagan, director of Enterprise and Commercialisation at NovaUCD.
“Given the importance of climate action it is fantastic to see Go Eve which is developing an innovative technological solution in the area of sustainability win this year’s programme. We are also delighted to be working in collaboration with our colleagues in Imperial College London to commercialise this exciting DockChain technology. It has the potential to make a significant impact on how EVs are charged.”
Start-ups to watch
The other participants on the 2021 UCD VentureLaunch Accelerator Programme, in addition to Go Eve, include:
- Blood Brothers is developing an employee health and wellness benefits solution for men. Blood Brothers was founded by Dr Harriet Treacy and Peter Lumley working alongside Professor Carel Le Roux, UCD School of Medicine and the UCD Diabetes Complications Research Centre.
- Eofis is developing a corporate e-learning app, using automatic quiz generation and an optimal, efficient, and lightweight learning schedule, to greatly improve employees’ retention of vital content. Eofis was founded by Marysol Angeloni, a postgraduate student in the UCD Michael Smurfit Graduate Business School, and Tiarnach Ó Riada, a graduate of the UCD School of Electrical and Electronic Engineering.
- FeetAI is using artificial intelligence (AI), machine learning and computer vision technology to support children’s footwear fitting. FeetAI is developing SizeWise, a digital platform that allows a parent to scan their child’s foot from a smart phone, builds a 3D model of the foot, and presents a recommended shoe size for their child, accommodating for healthy growth. Alan Power, UCD School of Computer Science and CeADAR, Ireland’s Centre for Applied AI, is the founder of FeetAI.
- giyst generates automated AI-powered video summaries to drive discovery and enable efficient consumption of the essence of content. Unlike the limits of manual summarization, giyst’s technology creates endless volumes of human-quality video summaries in real time. giyst founders are Avril Power, Colm Murphy, and Dr Ricardo Simon Carbajo, UCD School of Computer Science and CeADAR, Ireland’s Centre for Applied AI.
- La Casa is developing a care platform to improve the wellbeing of older people so that they can live independently in their own home for as long as possible. La Casa was founded by Richard Cooke, Rodd Bond, and Paul Boland, UCD School of Computer Science and CeADAR, Ireland’s Centre for Applied AI.
- Nightleaf is developing a highly innovative wearable device, based on the principles of design thinking and value driven care, to revolutionise healthcare for Dry Eye disease patients by providing them with an effective overnight treatment. Nightleaf’s founders are Sinéad Buckley and Steve Cullen, UCD School of Mechanical and Materials Engineering who identified this unmet clinical need while on the BioInnovate Ireland Fellowship.
- PEARlabs has developed a novel photonic chip which enables ultra-high spatial resolution at video rates in optical microscopy, far beyond the diffraction limit of visible light. PEARlabs was founded by Professor Dominic Zerulla as a spin-out from the UCD School of Physics. Jürgen Osing, who recently joined PEARlabs as a commercialistion expert is participating on the programme along with Professor Zerulla.
Main image at top: Tom Flanagan, UCD Director of Enterprise and Commercialisation and Hugh Sheehy, co-founder and CEO, Go Eve