Hivericks Technologies
A company built by a group of hardworking and passionate engineers with a common mission to create solutions that will make processes simpler, data more accessible and problem solving more manageable.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
INR5.0m | Seed | ||
| Total Funding | 000k | ||
Hivericks Technologies Private Limited, incorporated in August 2018, is a Chennai-based firm focused on developing sustainable and green cleantech solutions. The company was founded by a team of engineers, including Hemalatha R (Founder & CEO), Arun Natesan (Co-Founder & CTO), and Govindharaj Ashok, who brought together their expertise in embedded systems and a shared passion for creating impactful products. The founding team, friends since college, combines Hemalatha's 15-plus years of industry experience with the technical skills of the other co-founders.
The company operates in the consumer electronics and Internet of Things (IoT) markets, targeting both individual consumers and businesses. Its business model centers on the design, manufacturing, and sale of hardware products, specifically focusing on smart charging solutions. Hivericks has received seed funding from investors including Gyan Circle Ventures, AIC T-hub, AIC Raise, HexGn, and AIC Sangam Innovation Foundation. The company has also participated in accelerator programs such as the HexGn Startup Ready Program in partnership with Invest India and was incubated by CITIC (TREKSTEP) in 2019.
Hivericks' flagship product is XOptimus, a patented smart charger for electronic devices like laptops and smartphones that run on Li-Ion batteries. The charger is designed to address the inefficiencies and battery degradation associated with conventional charging practices. Its key feature is the ability to maintain the battery's charge at optimal levels, avoiding the detrimental effects of trickle charging when a device is left plugged in for extended periods. The system uses AI-enabled cloud-based algorithms to offer a more customized and intelligent charging experience, supporting devices across Android, Windows, and Mac OS. By prolonging the battery life of devices, XOptimus aims to reduce electronic waste and lower energy consumption, positioning itself as a cost-effective and environmentally friendly alternative to frequent battery replacements.
Keywords: cleantech, smart charging, IoT, consumer electronics, sustainable technology, battery life, green technology, embedded systems, hardware, e-waste reduction, energy efficiency, XOptimus, patented technology, smart home, Li-Ion battery, charger, Hemalatha R, Arun Natesan, Govindharaj Ashok, Chennai startup