Liberty Access Technologies
Electric Fleet Charging Infrastructure
Santa Barbara, CA
Technology
Software & Services
Liberty makes electric vehicle charging systems specifically for workplaces, schools and the new generation of electric school buses and delivery vans. Our HYDRA-RX AC Fast Charger Controller produces quick charging times at a fraction of the cost of DC Fast Chargers, enabling schools to convert more quickly to electric buses. Liberty already has an established customer base of major corporations, government agencies and municipalities, now we're poised to dominate the electric school bus charging market!
$49,860
raised
64
Investors
25
Days Left
$0.40
Price per Share
$19.2M
Valuation
Equity
Offering Type
$300.00
Min. Investment
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$300+
Investment
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This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
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Invest $2,000 after first six weeks and receive 10% bonus shares.
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20% Bonus Shares
Invest $5,000 after first six weeks and receive 20% bonus shares.
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25% Bonus Shares
Invest $10,000 after first six weeks and receive 25% bonus shares.
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133
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50% Bonus Shares
Invest $100,000 after the first six weeks and receive 50% bonus shares.
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Reasons to Invest
Our Unique Product: Our patented HYDRA-RX is the only charger controller on the market that can work with maximum output AC chargers for electric vans and buses at one-tenth of the cost of a typical DC Fast Charger.
Our Traction: The HYDRA-RX was recently selected by California’s largest utility for a pilot program using ultra-low cost excess solar power to charge school buses, giving Liberty “first mover” status with school districts and state agencies funding diesel school bus replacement.
Our Pace Ahead of the Competition: Almost all other EV charging companies are focused on public charging and offer only standard output AC chargers or expensive DC fast chargers. Liberty has been demonstrating the advantages of AC Fast Chargers (ACFC) to school districts and electric bus companies for nearly one year.
Liberty - A Different Kind Of Charging Company
When we introduced our first product in 2010, we understood that 80% of EV charging happens where vehicles are parked for several hours. For that reason, we elected to focus on creating charging solutions for workplaces, schools, apartments and condos. Over the past 4 years, our HYDRA™ EV Charger Controller has been selected by large utilities, corporations, universities, municipalities and condo associations to provide charging services to their employees, tenants, visitors, and guests. There are nearly 150 HYDRA systems operating in the US and Canada controlling about 1250 daily charging sessions.
EV car sales are accelerating and are forecasted to exceed gasoline-powered cars over the next 20 years, according to Bloomberg New Energy Finance (https://about.bnef.com/electric-vehicle-outlook/). The focus has now shifted to the medium duty vans and buses that account for 30% of transportation sector greenhouse gas emissions. Electrifying these vehicles is essential and nowhere is this more urgent than school buses that today are 95% diesel powered. Whether riding the bus or playing near them, children are exposed to high levels of diesel exhaust that contributes to respiratory illnesses and is internationally recognized as a carcinogen. Liberty is poised to play a pivotal role in the important and necessary transition to electric buses.
Meet the HYDRA
Our patented HYDRA-R EV Charger Controller is a smart gateway that combines access control, metering, reporting, and load management capabilities in one device. A single HYDRA Controller can turn 10 low cost, basic chargers into networked “smart” chargers that are less expensive, more reliable, and more secure than those offered by other EV charging companies. Unlike typical network chargers and simple gateways, the Hydra’s powerful single-board computer enables it to continue operating in the event of loss of internet or cellular connections, a vital concern for fleet operators.
HYDRA-R Controller, Code Keypad and EV Chargers
HYDRA can control both AC Fast Chargers and normal Level 2 chargers in any combination, giving owners the flexibility to meet unexpected demands. HYDRA owners and administrators are able to control all aspects of their charging operations from their HYDRA Dashboard. Operators are able to create and issue personal identification numbers (PINs) for employees and tenants, set system output limits to avoid costly peak demand charges and generate usage reports to claim Low Carbon Fuel Standard (LCFS) Credits. All of this for network service fees that are far less than those of competing network operators.
Why HYDRA is in a league of its own
Faster AC Charge Times: Based on our research, the HYDRA is the only EV charging control system to offer AC Fast Charging with 19.2kW output, which provides the best value when charging electric school buses and medium duty electric trucks. Our product cost is a fraction of that of DC Fast Chargers.
Greater Security: The WiFi network chargers used by our competitors can be hacked, so customers requiring a high level of security appreciate the extra level of security provided by the HYDRA.
Cost Saving Load Management: When you charge your EVs can be more important than how much electricity you use. Utilities put higher prices on electricity consumed during periods of high demand like cold winter mornings and hot summer evenings. Our load management features help customers avoid these demand charges by scheduling charging when power is less expensive or produced from more renewable sources like solar and wind. This enables our customers to manage their carbon emissions along with their costs.
HYDRA Benefits Business and Property Owners
Access Control
The Hydra allows business owners to control who can access their chargers, often with the same HID prox card or fob that is already used for their parking gates or security doors. Alternatively, drivers can start their charging session using PINs via the Hydra’s keypad, remotely through our website, or with our HYDRA smartphone app.
Mixed Public/Private Use
For HYDRA owners who want to allow the general public to use their charging stations, Liberty's HYDRA app allows drivers to purchase charging sessions with their phone using Liberty’s optional PayByMobile billing service.
Billing Services
Business owners and property managers use access control and pricing to help defray their costs and to ensure their stations are available to employees and tenants. Liberty offers two optional billing programs: DIY Billing, where owners run simple usage reports and bill drivers themselves or Direct Billing, where Liberty bills tenants or employees on the business owners' behalf.
Our customers... so far
Currently almost 150 HYDRA systems are in operation across the U.S. and Canada, powering some of the largest employee charging networks in the country such as Los Angeles County, San Diego Gas & Electric, and Bristol-Myers Squibb. We also have systems installed at major corporations like Unilever, Campbell's Soup and Dow Jones, along with several educational institutions such as the University of California Los Angeles, California State University, Cal State Fresno and the College of New Jersey.
Cushman and Wakefield, one of the largest commercial real estate operators in the world, just selected our HYDRA system so their employees and tenants can use the same HID prox card they use to access parking and buildings to charge their electric vehicles. Now Liberty is working with electric bus makers Lion Electric and Blue Bird to offer HYDRA-RX to their customers. Similar sales relationships are being formed with other bus and truck OEMs like Daimler Trucks NA and Mitsubishi Fuso, who recently released their eCanter electric delivery truck. Every fleet that purchases electric buses and trucks will need to install charging systems and the HYDRA-RX is becoming the "go to" charging system for this market.
Market Opportunity
As reported in the Washington Post, environmental and health organizations from around the country are calling on school districts to replace "dirty diesel" buses with electric ones and California is leading the way.* The California Energy Commission recently allocated $70 million for their Electric School Bus Replacement program and another $13 million for charging infrastructure to districts across the state.* To support this conversion, the California Public Utilities Commission has directed California’s three largest utilities to create programs that pay for up to 70% of charging system installation costs.** The combined funding has California schools dramatically accelerating their fleet conversion timetables.
*https://www.energy.ca.gov/programs-and-topics/programs/school-bus-replacement-program
School bus carriers operate the largest mass transit fleet in the country... 480,000 school buses compared to 96,000 transit buses.
Our future
Since our inception in 2009, Liberty has been envisioning and working toward a future of clean electric transportation. Over the years we have built up a strong patent portfolio in EV charging and access control technology.
We believe EV charging demand is rapidly growing as prices of electric vehicles continue to drop and sales expand into the mass market. Rapid expansion of electric buses and fleets is our next big push. With our patented Hydra system providing a more robust and cost effective charging solution, Liberty finds itself poised to become a major player in this fast growing market.
In order to best capitalize on this opportunity, we are expanding our ownership, from the small group of angel investors that have supported us from the beginning, to new investors via the StartEngine crowdfunding platform.
We are developing targeted sales and marketing campaigns with the EV vehicle makers and their dealers to drive awareness of the role that the charging system plays in maximizing the operational performance and cost savings of electric vehicles. We are also working closely with major utilities who are subsidizing the creation of more fleet charging infrastructure at the direction of their state utility commissions. As the EV fleet conversion movement expands across the country Liberty intends to be at the forefront.
The funds raised on StartEngine will help us to advance our marketing program for EV school bus chargers. We will also want to add to our operations team to help manage our growing number of deployments and increase our manufacturing capabilities to keep up with demand.
With our expected growth from these new markets and our already growing network of installed chargers providing a recurring revenue stream from existing customers, we believe Liberty is well positioned to either become a public company and thus provide our investors with liquidity, or be acquired as the EV charging industry continues to consolidate.
Offering Summary
Company | : | Liberty PlugIns, Inc. |
Corporate Address | : | 1482 East Valley Rd, Ste 329, Santa Barbara, CA 93108 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $107,000.00 |
Minimum Investment Amount(per investor) | : | $300.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 25,000 |
Maximum Number of Shares Offered | : | 267,500 |
Price per Share | : | $0.40 |
Pre-Money Valuation | : | $19,201,088.00 |
We plan to offer the following perks in bonus shares:
Invest $1,000 within the first six weeks and receive 10% bonus.
Invest $2,000 within the first six weeks and receive 15% bonus.
Invest $5,000 within the first six weeks and receive 25% bonus.
Invest $10,000 within the first six weeks and receive 30% bonus.
Invest $25,000 within the first six weeks and receive 40% bonus.
Invest $50,000 within the first six weeks and receive 50% bonus.
Invest $100,000 within the first six weeks and receive 60% bonus.
______________________________________________
Invest $1,000 after first six weeks and receive 5% bonus.
Invest $2,000 after first six weeks and receive 10% bonus.
Invest $5,000 after first six weeks and receive 20% bonus.
Invest $10,000 after first six weeks and receive 25% bonus.
Invest $25,000 after the six weeks and receive 30% bonus.
Invest $50,000 after the six weeks and receive 40% bonus.
Invest $100,000 after the first six weeks and receive 50% bonus.
_______________________________________________
Of the 48,002,720 total fully diluted shares, 6,275,000 are unconverted options, and 6,846,173 are unconverted warrants.
*All perks occur after the offering is completed.”
The Company will not incur any irregular use of proceeds.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$343,458.60
USD
$226,257.95
USD
Cash And Cash Equivalents
$37,593.80
USD
$14,756.50
USD
Accounts Receivable
$117,479.50
USD
$53,456.15
USD
Short Term Debt
$210,593.12
USD
$220,592.33
USD
Long Term Debt
$0.00
USD
$272,243.99
USD
Revenues And Sales
$813,612.63
USD
$607,397.41
USD
Costs Of Goods Sold
$331,326.20
USD
$294,307.43
USD
Taxes Paid
$800.00
USD
$800.00
USD
Net Income
-$75,356.11
USD
-$209,190.93
USD
Risks
A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.
Updates
Liberty Access Technologies Announces More School Bus Charging Projects
6 days agoSanta Barbara, CA – November 15, 2019: Liberty Access Technologies (LAT) reported they have shipped 5 HYDRA-RX AC Fast Charger Controllers to 4 school districts who are preparing to receive new electric school buses. Rescue Union School District received two HYDRA-RX systems with a total of 14 charging stations, Exeter Unified received one HYDRA-RX system with 10 chargers while Eureka Union and Calaveras Unified School Districts each received one HYDRA-RX system for 3 charging stations.
“These deliveries mark the real start of the campaign to provide our children with a clean and safe school transportation system.” Said Chris Outwater, President of LAT who added “The transition to electric school buses requires a coordinated effort on the part of utilities, charger makers, the bus OEMs, their dealers and school district transportation management. We’re proud to be in the vanguard of this rapidly growing national movement.”
The HYDRA-RX is a local controller specifically designed to control high output alternating current (AC) charging stations that provide over twice the charging power of standard AC chargers. The extra power is needed to charge the much larger battery packs of electric school buses, both overnight and also during the day when the buses are idle while school is in session.
“AC Fast Charging (ACFC) is ideal for the medium duty electric buses and trucks that travel less than 120 miles per day and are parked overnight in a central yard or depot” Mr. Outwater continued. “Using high output basic chargers provides quick recharging times at a fraction of the cost of DC Fast Chargers (DCFC).”
Mr. Outwater says another 5 school districts have committed to order the HYDRA-RX and is in discussions with at least twice that many, the result of significant funding for electric school buses coming from several state agencies such as the California Energy Commission (CEC) and California Air Resources Board (CARB) as well as several local air quality management districts including the South Coast AQMD and Bay Area AQMD. Approximately $70m from the state’s share of the Volkswagen Mitigation Fund has also been dedicated.
About Liberty Access Technologies
LAT specializes in access control systems for electric vehicle charging in the parking industry, fleet EV and multi-tenant dwellings. LAT’s patented Synchronous Code Generation technology enables secure charging without expensive networks, and the Hydra Multi EVSE Control system enables cost effective large scale EV charging solutions for workplace and multi-tenant. Our mission is to use our patented technology to enable our customers to control access, costs and carbon emissions via our "grid-aware" technology.
Find out more at www.libertyaccesstechnologies.com or www.linkedin.com/company/liberty-access-technologies
Notice of Funds Disbursement
17 days ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Liberty Access Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Liberty Access Technologies be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Notice of Funds Disbursement
about 1 month ago[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Liberty Access Technologies has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Liberty Access Technologies be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
Liberty Access Technologies and WattTime Partner to Bring Green Charging to EV Fleets
about 1 month agoSanta Barbara, CA and Oakland, CA, October 16, 2019 — Today electric fleet charging technology company Liberty Access Technologies (Liberty) and environmental tech nonprofit WattTime announced a new clean charging partnership to support schools and workplaces in their transition to all-electric fleets. WattTime’s Automated Emissions Reduction (AER) software will integrate with Liberty’s charging technology to allow buses, vans, and more to automatically charge with clean power.
Liberty offers electric vehicle charging systems for the new generation of electric school buses and delivery vans. Their current clients hail from the utility space, government, the private sector, and include names such as San Diego Gas and Electric, Bristol Myers Squibb, and Los Angeles County. Expanding to support school districts’ electrification of transportation is the next step in the company’s growth. Liberty’s core offering is the HYDRA-RX AC Fast Charger Controller, which produces quick charging times at a fraction of the cost of DC Fast Chargers, enabling schools to convert more quickly to electric buses.
“As firm believers in a clean mobility future, we feel it’s imperative to support schools and workplaces as they make the switch to all-electric fleets,” said Chris Outwater, CEO of Liberty. “By incorporating WattTime’s AER software with our cost-saving charging technology, we can ensure they benefit from both financial savings and carbon savings. We’re excited to help these groups reach their sustainability goals without sacrificing quality of service.”
WattTime’s recently-released EV charging report—How Emissions-Optimized EV Charging Enables Cleaner Electric Vehicles—highlights just how powerful their AER-enabled smart charging can be. In the report, WattTime finds emissions-optimized EV charging can further reduce associated EV-charging emissions nearly 20 percent annually and up to 90 percent on individual days. This is above and beyond standard emissions savings that come from choosing an electric vehicle over a gas-powered alternative.
“School buses and corporate fleets represent a perfect opportunity for AER to drive emissions reductions; these vehicles are only used a fraction of the day and can otherwise remain plugged in to optimize charge times for the cleanest electricity,” said Gavin McCormick, founder and executive director of WattTime. “The added bonus is that—instead of exposing schoolchildren or employees to tailpipe emissions—we’re helping make electric vehicles the norm.”
Electric mobility is just one of many sectors that technology provider WattTime is involved with. Their solutions make it easy for anyone to choose clean energy and achieve emissions reductions without compromising cost and user experience. WattTime’s AER software enables smart devices of all kinds—from EV chargers to smart thermostats to water heaters—to automatically opt to use clean energy. AER monitors power generation and marginal emissions rates in real-time, then uses that data to optimize energy use based on the environmental impact of consuming electricity at a given moment.
Liberty’s announcement to team up with WattTime comes soon after another partnership launched with electric company PG&E. The two will work together to support the electrification and clean energy goals of a school district in Northern California by collaborating on eco-friendly charging options for electric buses. Their pilot will be a test case for PG&E’s new FleetReady program.
About Liberty Access Technologies (LAT)
LAT specializes in access control systems for electric vehicle charging in the parking industry, fleet EV and multi-tenant dwellings. LAT’s patented Synchronous Code Generation technology enables secure charging without expensive networks, and the Hydra Multi EVSE Control system enables cost effective large scale EV charging solutions for workplace and multi-tenant. Our mission is to use our patented technology to enable our customers to control access, costs and carbon emissions via our "grid-aware" technology.
Find out more at LibertyAccessTechnologies.com.
About WattTime
WattTime is a nonprofit with software tech startup DNA, dedicated to giving everyone everywhere the power to choose clean energy. Our Automated Emissions Reduction (AER) technology can shift the timing of flexible electricity use to sync with times of cleaner energy and avoid times of dirtier energy. We sell solutions that make it easy for anyone to achieve emissions reductions without compromising cost and user experience. WattTime is a subsidiary of Rocky Mountain Institute.
For more information, please visit WattTime.org.
Liberty's Hydra for electric vehicle charging for condos, apartments and commercial properties
about 1 month agoLiberty's Hydra isn't just for fleets. For property owners, multifamily and commercial, installing Liberty's Hydra system provides you with centralized monitoring and control of electric vehicle charging on your property. Liberty Access also provides proprietary keypad technology that enables access to the charging station with the 4-digit PIN code for long and short-term rentals. See how it works here.
Liberty Access Technologies’ EV Charging System Now Accessible to Millions Who Use HID Global Proximity Access Cards
about 1 month agoLiberty Access Technologies (Liberty) of Santa Barbara, California announces that they are now offering electric vehicle charging systems along with the convenience and security offered by the world-class HID global proximity access card systems.
Chris Outwater, CEO of Liberty explained that “Competing EV charging systems with secure access control often requires the EV driver to obtain and use a proprietary RFID key fob or card which can be inconvenient.”
By incorporating the highly popular HID card/reader system into EV charging, Liberty allows employees and tenants to use their existing building access proximity cards and fobs to also securely access EV charging on the Liberty Hydra™ system. See how it works here.
Most recently, Liberty has installed two HID access control systems at Cushman & Wakefield corporate offices located in Tampa, Florida. Liberty’s unique HID enhanced Liberty Hydra feature has been said to be a very attractive feature for Cushman & Wakefield
According to Cushman & Wakefield, they chose the combined Liberty and HID access solution because it allowed them to use the same “prox” cards and smartphones NFC features that they have been using for years at their offices.
Both Hydras systems at Cushman & Wakefield incorporates an HID keypad combination access control device, which allows employees to authenticate their charge sessions by using their existing HID prox card.
On the other hand, under the direction of a Los Angeles municipal agency, Liberty has recently supplied 3 HID integrated keypads to the EV charging system at UCLA Harbor Medical Center, as well as completing an installation at the County Fire Department.
Liberty Access Technologies Delivers Innovative Electric Bus Charging Solution for PG&E
about 1 month agoLiberty Access Technologies is working on a pilot project for PG&E on an innovative eco-friendly approach to charging electric buses for the Pittsburg Unified School District (PUSD) that will support the school district’s electrification and clean energy goThrough the pilot, PG&E has funded and installed eight new electric bus chargers to facilitate charging of eight electric buses. In conjunction, PUSD installed 200 kilowatts of onsite solar systems to power their administrative buildings and bus depot. With the school district, PG&E will test cost-effective ways for PUSD to incorporate clean, renewable electricity when charging each bus in order to lower the total overall cost of ownership and reduce greenhouse-gas emissions.
The pilot will be a test case for PG&E’s new FleetReady program, recently approved by the California Public Utilities Commission. Through the program, PG&E is funding and aiding in the installation of the infrastructure from the electric grid to the charger for customers with medium-duty, heavy-duty and off-road fleets such as transit agencies, school districts, and delivery fleets.
Liberty provides the charging infrastructure management tools required to successfully integrate renewable energy systems with the clean transportation methods needed to meet California’s climate goals.
Integrating Renewable Energy with EV Charging
The focus on electric transportation for medium- to heavy-duty vehicles, such as school buses, helps to address air pollution. While electric buses are a viable option, transitioning to electric transportation requires careful planning. With a unique operating schedule, school buses have an opportunity to take advantage of distributed renewables, such as wind and solar to charge during the day.
Liberty is working with PG&E to develop a novel charge management platform that can optimize charging for cost and optimizing renewables. This partnership will ensure PG&E and PUSD are able to successfully integrate renewable energy systems with the clean transportation methods needed to meet California’s climate goals. Upon development the platform will test several charging scenarios to help lower total cost of ownership of electric transportation and reduce greenhouse gas emissions for the school district:
- Charging when there is a high amount of renewables forecast to be on the grid
- Charging using only the onsite solar and wind energy the school installed
- Optimizing the charging across the grid and the district’s onsite renewables to enable the PUSD to use the most low-cost, clean energy available while ensuring the buses are fully charged for each school day
Liberty is able to leverage its existing grid and carbon-friendly technology to allow bus and fleet charging operators to optimize when and how they charge in order to achieve the environmental and financial goals,” explained Michael Keane, Liberty’s CTO.
Liberty Access Technologies Provides Grid-Sensitive and Carbon-Friendly Fleet Charging Solutions
about 1 month agoLiberty's hydra system provides a single point of control for monitoring the access usage costs and carbon footprint for multiple charging connections. The hydra system can be accessed from any desktop or mobile device to allow any operator of electric vehicle charging stations the ability to monitor their entire charging operation. Moreover, Liberty's system is vehicle-to-grid friendly meaning it can enable charging at the best time of the day or night and will have the ability to push electricity back to the grid during peak periods or to provide local backup power during outages. See how it works here --> https://youtu.be/pFLL9wVqPk0
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