Home / ECONOMY / Start-Up Company Halo2Cloud Hits Over $90 Million in Just 3 Years

Start-Up Company Halo2Cloud Hits Over $90 Million in Just 3 Years

Halo2Cloud may have broken some records as the start-up company has made over $90 million in as little as 3-years.

“We sold 305,000 chargers on the first day,” said co-founder Garold Miller. Miller and Dan Weinstein debuted there pocket charger for mobile devices on QVC toward the end of November in 2011 and broke the record for most units sold in a day on the show.

Halo2Cloud Hits Over $90 Million in Just 3 Years - photo from Halo2cloud.com

Halo2Cloud Hits Over $90 Million in Just 3 Years – photo from Halo2cloud.com

Setting the bar high again, the company Halo2Cloud invented a more powerful Halo charger and sold 380,000 chargers for a total of $19 million. Just in one years time, the company quickly saw profit in 2012 and has made over $90 million in sales in 2013.

Based in Glastonbury, Connecticut, the company continues to grow and sell its overwhelmingly popular portable chargers. Only employing 18 people, the company is set to expand and hire 30 more people this coming year according to Miller.

Weinstein and Miller came up with the concept of portable phone chargers when they realized that cellphones were the way of the future and that there was a substantial need for portable power. Miller told reporters,

“Let’s face it. There are probably more mobile devices in America than there are people.”

Weinstein, a trained engineer, and Miller, who previously and successfully started a jewelry design firm, teamed up in 2010 and began working on their concept of a portable mobile charger. Miller stated,

“We wanted it to be a powerful product that was simple to use, sleep and could become a fashion statement.”

The device, which comes in mulch-colored animal prints and metallic designs,  also come in different sizes and power to charge various devices other than phones. The Halo2Cloud company will continue to expand and innovate as it is seeking out licensing deals with giants like Disney and the NFL.

Start-Up Company Halo2Cloud Hits Over $90 Million in Just 3 Years.

About Sarah Rasheed

Sarah is a 24-year-old Lead Writer for American Live Wire with a passion for writing on a variety of topics that include politics, world news, health and wellness and technology. When not writing, she enjoys traveling to the Middle East and playing sports. Follow her on twitter @sarahrwan.

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