DYE CAPITAL ANNOUNCES CLOSING OF A $2.5 MILLION INVESTMENT IN THE CHARGELLO CORPORATION, INC. A MIAMI BASED TECHNOLOGY AND ADVERTISING COMPANY
Dye Capital’s funding will accelerate Chargello’s growth in key U.S. markets and consolidate the already successful international presence
BOCA RATON, FL, February 27, 2019 – Dye Capital & Company, LLC, is proud to announce the closing of a $2.5 Million investment in the Chargello Corporation, Inc. a technology company that has designed a fast-charging, proprietary, portable battery system that allows individuals to conveniently and rapidly charge their mobile devices at restaurants, hospitals, hotels, cruise lines and other venues. Chargello’s unique, portable design allows users to be freed from fixed charging stations. Major hotel chains, bars, restaurants, airlines, credit card companies, law firms and others are adopting the Chargello system as a creative way to advertise their brand to customers, while providing them with a high-value service at no cost to the customer.
Freddy Sidi, Chargello’s founder and CEO, stated that “Chargello is excited to have secured the funds to enable it to create a strong presence in 5 Major new markets. Working with brands like American Express, Mastercard, Diageo, Baptist Hospitals, Marriott, Lyft, and Bacardi has enabled us to create a new brand experience while customers charge their phones with over 105,000 batteries deployed in over 25 countries around the world. The partnership with Dye Capital will allow us to accelerate our growth in major US cities while consolidating the performance of our already significant international presence.”
Justin Dye, Dye Capital’s Managing Director, indicated that “Chargello met our investment criteria of investing in businesses with a technology-driven infrastructure, the ability to grow profitably and solve customer problems in unique, differentiated ways. We invest behind strong leadership teams where we can bring our strategic, operating and financial skills to build remarkable companies. Chargello is led by a talented, accomplished founder & CEO, Freddy Sidi. I’m excited to partner with him and the Chargello team. I believe this will be a successful run.”
Dye Capital & Company LLC is a family office group representing the Dye family of Petersburg, Indiana. The company has established its headquarters in Boca Raton, Florida. Dye Capital’s interests include energy and climate automation and management for commercial markets, digital visualization and analytics for retail, entertainment and leisure, creative digital content and applied analytics.
Chargello Corporation, Inc. is a Miami based entity that has designed and deployed a global network of on-demand portable chargers, that constitute a creative advertising vehicle for major brands and venues. Currently, Chargello has a presence in 24 countries around the world, including Canada, Mexico, Ukraine, Chile, Argentina, Turkey, Colombia, Peru, Qatar, Kuwait, Bahrain, Aruba, Brazil, Spain, and others. The company is preparing for an aggressive US expansion, aimed at replicating the already-successful deployment of the Chargello system in Miami, Florida and its international network.
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