New Orleans-based MobileQubes, which rents and sells battery charging packs for mobile devices, said it has secured $1 million in financing and will use the money to secure partnerships that further spread its self-service kiosks nationally.
The company began its U.S. expansion in September, entering 14 new markets, and is on track to have more than 300 locations by the middle of 2016. The funding round was led by NO/LA Angel Network.
The MobileQubes network kioks allow customers to rent or purchase a battery pack, or “Qube.” The Qubes can be returned to any other location. Customers swipe their card, charge their device while on the move, then deposit a used Qube at the next convenient location. The Qubes are compatible with all iPhone and Android devices.
The financing came through angels and early-stage investors from throughout Louisiana, an unprecedented collaboration, said Mike Eckert, chairman of NO/LA Angel Network. Investors from New Orleans, Shreveport, Lake Charles and Baton Rouge participated, and the final portion of the financing came from Houston angel investors.