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Evatran moving along with its vehicle electric charging system

A timely meeting with Virginia Secretary of Commerce and Trade Jim Cheng set an electric charging company on the road to Richmond.

Tom Hough bought MTC Transformers, a Wytheville-based business that manufactured electrical transformers, in the late 1990s.

About five years ago, he sold the transformer division of the company and rebranded the business as Evatran. The company has developed technology that will allow electric cars and other vehicles to recharge their batteries without plugging into a power station.

A couple of years ago, Hough, 62, and his daughter Rebecca, 26, who had joined the business and now serves as the company’s chief executive officer, met Cheng and mentioned they were seeking investment capital. Evatran had established an engineering facility in Raleigh, N.C. Rebecca Hough was commuting between Raleigh and her then home in New York City, while her father was working from Wytheville in Southwest Virginia.

The pair spoke last week at a meeting of Encorepreneur, a local group that helps entrepreneurs — especially those of the baby boom generation — meet to share ideas and insights. After a follow-up conversation, Cheng introduced the Houghs to the founders of New Richmond Ventures, an angel investing group in Richmond.

The group’s partners are J. Robert “Bob” Mooney, James E. Ukrop, Theodore L. Chandler Jr. and Andy Stefanovich.
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