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HOEVAN Secures $3 Million in Series B Funding to Accelerate Growth in Protection Solutions for Renewable Energy and Consumer Electronics

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Ashburn, VA – December 10, 2025

HOEVAN, the innovative parent company behind leading protection plan provider EVSTAR, announced today the successful close of a $3 million Series B funding round. This growth investment from existing investors will fuel expansion across HOEVAN’s portfolio, supporting demonstrated scale in renewable energy, EV Charging protection, and services.

The funding comes at a pivotal time as HOEVAN continues to capitalize on surging demand for comprehensive protection plans that safeguard critical EV charging infrastructure. EVSTAR, the leader in renewable energy protection, offers full-service plans covering mechanical and electrical failures, accidental damage, power surges, labor, and more for EV charger hosts, OEMs, resellers, and distributors. By managing every step from claim to repair, EVSTAR eliminates common challenges and ensures a seamless ownership experience.

“We are excited and appreciative that our existing investors continue to have confidence in our ability to execute on our vision,” said Andrew Hoehner, CEO of HOEVAN. “HOEVAN has demonstrated that our go-to-market strategy, solutions, and financial model deliver real results for our partners. Partners all find that our flexible, innovative approach to overdelivering is a perfect market fit.”

The Series B proceeds will be allocated to tactical and strategic initiatives across the portfolio, including:

  • Strategic Hiring: Bolstering teams to support overall growth and expansion.
  • International Expansion: Advancing international growth, expanding geographic coverage with existing and new global partners.
  • Product Extension: Cover additional product types, services, maintenance, and remote monitoring.

About HOEVAN
HOEVAN is a forward-thinking company dedicated to delivering comprehensive protection plans through its portfolio brands, EVSTAR, Prosurety, and Techcycle Solutions. By focusing on renewable energy and consumer electronics, HOEVAN empowers customers with reliable, hassle-free solutions that enhance device longevity and user satisfaction while driving incremental profitability for our partners.

For more information, visit hoevan.com or contact info@hoevan.com.