Liberty Access Technologies
Access Control Innovators
Santa Barbara, CA
Health Tech
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!
$1,070,000
raised
1,904
Investors
$19.2M
Valuation
$0.40
Price per Share
$300.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
16
Days Left
Rewards
Get rewarded for investing more into Liberty Access Technologies:
$300+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$1,000+
Investment
5% Bonus Shares
Invest $1,000 after first six weeks and receive 5% bonus shares.
$2,000+
Investment
10% Bonus Shares
Invest $2,000 after first six weeks and receive 10% bonus shares.
$5,000+
Investment
20% Bonus Shares
Invest $5,000 after first six weeks and receive 20% bonus shares.
$10,000+
Investment
25% Bonus Shares
Invest $10,000 after first six weeks and receive 25% bonus shares.
$25,000+
Investment
30% Bonus Shares
Invest $25,000 after the six weeks and receive 30% bonus shares.
$50,000+
Investment
40% Bonus Shares
Invest $50,000 after the six weeks and receive 40% bonus shares.
$100,000+
Investment
50% Bonus Shares
Invest $100,000 after the first six weeks and receive 50% bonus shares.
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.
Overview
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 354 HYDRA systems operating in the US and Canada controlling about 1648 daily charging sessions (source, source).
EV car sales are accelerating and are forecasted to exceed gasoline-powered cars over the next 20 years, according to Bloomberg New Energy Finance (source). The focus has now shifted to the medium duty vans and buses that account for 30% of transportation sector greenhouse gas emissions (source). 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 (source). 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 Traction
Our customers In the Electric Vehicle Market
Currently, hundreds of 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, Arizona Public Services, 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, Stevens Institute of Technology, Rider University, and the College of New Jersey.
Cushman and Wakefield, one of the largest commercial real estate operators in the world, 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. 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 (source). 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 (source). 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 (source).The combined funding has California schools dramatically accelerating their fleet conversion timetables.
School bus carriers operate the largest mass transit fleet in the country... 480,000 school buses compared to 96,000 transit buses.
The Vision
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.
Liberty continues to be an access control innovator. We have recently formed a subsidiary called Liberty Health Technologies, Inc., and are developing unique products, the first focused on skin temperature screening as part of a secure Access Control system. The first product is “myTempie™”, a smartphone application that captures your forehead skin temperature at the same time it takes an authenticated selfie. In a related announcement, we are building on our existing relationship with a leading turnstile and keycard access company in the world to help businesses and consumers adapt to the new COVID-19 requirements.
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 | : | $1,070,000.00 |
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 | : | 2,675,000 |
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.”
Irregular Use of Proceeds
We will not incur any irregular use of proceeds.
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Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$870,571.00
USD
$345,816.00
USD
Cash And Cash Equivalents
$188,238.00
USD
$31,490.00
USD
Accounts Receivable
$158,455.00
USD
$127,413.00
USD
Short Term Debt
$259,293.00
USD
$252,535.00
USD
Long Term Debt
$13,067.00
USD
$0.00
USD
Revenues And Sales
$886,782.00
USD
$847,042.00
USD
Costs Of Goods Sold
$564,196.00
USD
$390,252.00
USD
Taxes Paid
$0.00
USD
$0.00
USD
Net Income
-$425,798.00
USD
-$133,279.00
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
Notice of Material Change in Offering
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Liberty Access Technologies offering. Here's an excerpt describing the specifics of the change:
Liberty Access has submitted reviewed financials for updated financials and is extending their campaign 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Material Change in Offering
about 2 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Liberty Access Technologies offering. Here's an excerpt describing the specifics of the change:
Liberty Access Inc is extending their campaign by 4 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Billions of Federal, State and Local Tax Credits and Incentives for Electric Vehicle Charging
3 months agoLiberty is Preparing for Rapid Growth in 2021
Santa Barbara, CA – March 10, 2021: Liberty Access Technologies (LAT) is gearing up for a big year in 2021 due to a new electric vehicle friendly administration and the huge tax credits as well as Federal, State and Local incentives for installing electric vehicle charging.
According to Bloomberg New Energy Finance, President Biden's promise to install 500,000 EV charging stations by 2030 could lead to 25 million more EV sales! 2021 will be the year of new EV models, new EV sales, and new charging station installations nationwide.
On December 21, 2020 Congress renewed the Alternative Fuels Infrastructure Tax Credit. Businesses that install EV charging stations by December 31, 2021 can receive a tax credit of up to $30,000 per site.
“Our smart charging platform gives the owners of multifamily properties as well as commercial locations the ability to take control of their EV charging operations and prepare for accelerating adoption of electric vehicles” says Chris Outwater, CEO of LAT.
Electric Vehicle adoption is soaring! LAT's systems are being used by organizations across the country, including Bristol Meyers Squibb, Cushman and Wakefield, Pacific Gas and Electric, San Diego Gas and Electric, the Arizona Public Service and several large school districts and multi-tenant residences across the country. Our mission is to use our patented technology to enable our customers to control costs and carbon emissions via our "grid-aware" and “carbon-friendly” technology.
Key features of our solutions are:
- Software or hardware based centralized monitoring and control of multiple numbers and types of chargers
- Integrated with HID Global access control systems – the largest installed base of access control sites at a broad range of venues, such as workplaces, apartments, hospitals and airports.
- · Ability to optimize costs and minimize carbon usage. California customers can participate in our Low Carbon Fuel Standard (LCFS) credit “co-op”.
The HYDRA-R is a local controller specifically designed to control up to 10 (AC) charging stations that provide the charging power of standard Level 2 EV chargers. The platform provides access control, metering, data recording and communications for basic non-networked Level 2 charging stations. In addition to the ability to remotely monitor and control charging, LAT's system can also manage load balancing. The property owners will also be eligible to receive Low Carbon Fuel Standard Credits from the State of California through LAT's LCFS credit aggregation platform.
About Liberty Access Technologies
Liberty 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 workplaces and multi-tenant dwellings. Our mission is to use our patented technology to enable our customers to control access, costs and carbon emissions via our "grid-aware" technology.
Notice of Material Change in Offering
4 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Liberty Access Technologies offering. Here's an excerpt describing the specifics of the change:
Liberty Access Technologies is extending their campaign by 60 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Notice of Material Change in Offering
5 months ago[The following is an automated notice from the StartEngine team].
Hello! Recently, a change was made to the Liberty Access Technologies offering. Here's an excerpt describing the specifics of the change:
Liberty PlugIns, Inc. is extending their campaign by 30 days.
When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.
Liberty Access Technologies Awarded Another Electric Bus Charging Project
5 months agoLiberty’s HYDRA-RX is Ideally Suited for Charging Electric School Buses
Santa Barbara, CA – January 6, 2021: Liberty Access Technologies (LAT) reported they have received a purchase order for a HYDRA-RX AC Fast Charger Controller to be installed at the Durham Unified School District in Northern California. This is the 6th electric school bus contract that LAT has been awarded in the past year in California.
“We are so happy that schools in California continue to convert to electric school buses in order to provide our children with a clean and safe school transportation system,” said Chris Outwater, President of LAT who added, “we are recognized by the schools, utilities, charger makers and bus manufacturers as the leader in providing electric bus charging solutions.”
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. Coupled with Clipper Creek's high output basic chargers the HYDRA-RX provides quick recharging times at a fraction of the cost of DC Fast Chargers (DCFC). In addition to the ability to remotely monitor and control charging, LATs system will also load balance and collect data to receive Low Carbon Fuel Credits from the State of California.
The movement to electrify school buses is the result of significant funding 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
Liberty 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 invest in Liberty here
Notice of Funds Disbursement
5 months 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 (LAT) Approaches Maximum Funding of $1.07M
6 months agoLAT is rapidly approaching our offering maximum of $1.07M on our StartEngine campaign. Thank you so much to everyone who already has invested in Liberty Access Technologies. We are so grateful and excited to have you join our community. This is just the beginning of our story as we head into 2021. With almost $1Million raised from 1300+ investors, now is your chance to become an investor, or to add to your investment as we near our funding goal.
Electric Vehicle adoption is soaring! LAT's systems are being used by organizations across the country, including Bristol Meyers Squibb, Cushman and Wakefield, Pacific Gas and Electric, San Diego Gas and Electric, the Arizona Public Service and several large school districts and multi-tenant residences across the country. Our mission is to use our patented technology to enable our customers to control costs and carbon emissions via our "grid-aware" and “carbon-friendly” technology.
Key features of our solutions are:
- Software or hardware-based centralized monitoring and control of multiple numbers and types of chargers
- Integrated with HID Global access control systems – the largest installed base of access control sites at a broad range of venues, such as workplaces, apartments, hospitals and airports.
- Ability to optimize costs and minimize carbon usage. California customers can participate in our Low Carbon Fuel Standard (LCFS) credit “co-op”.
The HYDRA-R is a local controller specifically designed to control up to 10 (AC) charging stations that provide the charging power of standard Level 2 EV chargers. The platform provides access control, metering, data recording and communications for basic non-networked Level 2 charging stations. In addition to the ability to remotely monitor and control charging, LAT's system can also manage load balancing. The property owners will also be eligible to receive Low Carbon Fuel Standard Credits from the State of California through LAT's LCFS credit aggregation platform.
About Liberty Access Technologies
Liberty 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 invest in Liberty here
Notice of Funds Disbursement
6 months 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 Selected to Provide Smart Electric Vehicle Charging for Texas A&M University
6 months agoLiberty Access Technologies HYDRA-RX EV charging system has been selected to bring “smart charging” to the Texas A&M University campus
Santa Barbara, CA - December 8, 2020 -- Liberty Access Technologies (LAT) is excited to provide 2 HYDRA-R control units and 6 Clipper Creek Level 2 chargers for Texas A&M University. Texas A&M University is a public land-grant research university in College Station, Texas. It was founded in 1876 and became the flagship institution of the Texas A&M University System in 1948. As of 2020, Texas A&M's student body is the largest in the United States.
Chris Outwater, CEO of Liberty said “We are very excited to have been selected to provide smart electric vehicle charging to a great university like Texas A&M. Our charging system has proven to be robust, work well in all sorts of environments and is the most economical smart charging system available.”
The HYDRA-R is a local controller specifically designed to control up to 10 (AC) charging stations that provide the charging power of standard Level 2 EV chargers. The platform provides access control, metering, data recording and communications for basic non-network Level 1 and Level 2 charging stations and has been tested and deployed in some of the harshest environments imaginable. In addition to the ability to remotely monitor and control charging, LATs system will also load balance and the operators will be eligible receive carbon savings data that can be used for “carbon credits” in states that have instituted such programs. Additionally, businesses and locations that use HID Global for their access control, can enable their HID system to interface seamlessly with a LAT HYDRA.
About Liberty Access Technologies
Liberty 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 invest in Liberty here.
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