Hypercharge Taps M&A Pro to Fuel Growth, Co-Founder Exits Board

VANCOUVER, BC – March 31, 2026 – Hypercharge Networks Corp. is signaling a strategic pivot towards accelerated growth and corporate consolidation with a significant leadership shuffle. The electric vehicle charging solutions provider announced the appointment of seasoned corporate development executive Kyle Moncrief, CFA, as its new Vice President of Corporate Development and FP&A, while simultaneously revealing the departure of co-founder Liam Firus from its board of directors.

The dual moves suggest a deliberate transition for the company, moving from its foundational, entrepreneurial phase into a more aggressive stage of scaling and market capture across North America. The changes come as Hypercharge reports impressive financial momentum, positioning it to leverage new strategic expertise.

A Strategic Hire for an Aggressive Future

The appointment of Kyle Moncrief is a clear indicator of Hypercharge's future strategy. In his new role, Moncrief is tasked with leading corporate strategy, long-term planning, and initiatives aimed at creating enterprise value. His mandate specifically includes advancing strategic partnerships, bolstering revenue growth, and strengthening the company’s capital markets outreach—all hallmarks of a company preparing for significant expansion.

Moncrief brings 14 years of formidable experience, having led more than 20 transactions across North America and Europe, representing over $1 billion in enterprise value. His background spans technology, heavy equipment, and energy sectors, with senior corporate development roles at major firms like Finning and 4Refuel. At Finning, he worked directly with Hypercharge's current President and CEO, David Bibby, on growth-oriented initiatives, suggesting a pre-existing synergy and shared strategic vision.

“Kyle brings a strong combination of business transformation, financial strategy, and M&A experience to Hypercharge at an important stage in the Company’s growth,” said David Bibby in a statement. “As Hypercharge continues to scale, his background in strategic planning, capital allocation, and corporate strategy will strengthen our ability to identify and execute on opportunities that support long-term value creation.”

Moncrief's expertise in mergers and acquisitions is particularly noteworthy. In a rapidly evolving market, the ability to strategically acquire technology, talent, or market share can be a critical differentiator. His appointment strongly suggests that Hypercharge is preparing to explore inorganic growth opportunities alongside its organic expansion.

Navigating the Competitive EV Charging Arena

Hypercharge operates in the fiercely competitive North American EV charging market, a sector projected to explode from just over USD $6 billion in 2024 to nearly USD $60 billion by 2033. This rapid growth has attracted a host of powerful competitors, from global giants like ChargePoint and Tesla to established Canadian leaders such as FLO. To thrive, companies must not only innovate but also scale rapidly and efficiently.

While Hypercharge has established itself as a significant player, particularly in the residential and commercial building sectors, Moncrief's hiring appears to be a direct response to this competitive landscape. His focus on corporate development and strategic partnerships is essential for a company looking to solidify its market position. Industry trends show a push towards ultra-fast charging, integration with renewable energy, and smart grid technologies. Staying ahead requires substantial capital and strategic agility, areas where Moncrief's background is expected to provide a decisive edge.

The company has already demonstrated strong growth, scaling its network to more than 5,900 charging ports sold across North America. However, leveraging Moncrief's M&A background could allow Hypercharge to accelerate this expansion, potentially acquiring smaller regional players or technology providers to quickly enhance its service offerings and geographic footprint.

A Founder's Departure and a Company's Evolution

Marking the end of an era, co-founder Liam Firus has resigned from the board of directors. His departure is framed as an amicable and natural step in the company's lifecycle. Firus was instrumental in building Hypercharge from a “pre-revenue idea into a multi-million-dollar revenue-generating business” since its founding in June 2021.

“On behalf of the entire Company, I want to sincerely thank Liam for his leadership, vision, and dedication since Hypercharge’s founding,” Bibby stated, acknowledging that Firus’s contributions have left a “lasting mark” on the company.

This type of transition is common as technology companies mature, moving from a founder-led startup culture to a more structured, professionally managed enterprise focused on scaling operations. Firus himself endorsed the move, expressing confidence in the current leadership and signaling that the company's strong operational foundation made it an ideal time for him to step back and “focus on new initiatives.”

“I have strong confidence in David and the management team’s vision and ability, and I remain deeply committed to Hypercharge’s success,” Firus said, confirming his continued support as an advocate for the company. This smooth transition in governance allows the management team to execute its new, more aggressive growth strategy without disruption.

Fueling Growth with Financial Momentum

The leadership changes are backstopped by Hypercharge's robust financial performance. The company has been on an impressive growth trajectory, recently reporting a 33% year-over-year increase in revenue to $9.7 million for the nine months ended December 31, 2025. More strikingly, its most recent quarter saw service and subscription revenue soar 505% compared to the prior year, with gross margins improving to 34% as the company progresses toward operating break-even.

This financial strength provides the necessary foundation for the strategic initiatives Moncrief is expected to lead. To further align its leadership with these ambitious goals, Hypercharge has issued significant equity grants. Moncrief received 1,333,333 stock options, while CEO David Bibby was granted over 3 million stock options and an equal number of restricted share units (RSUs).

These substantial incentive packages, exercisable at $0.08 per share, tie executive compensation directly to long-term performance and shareholder value. They serve as a powerful statement of the board's confidence in its leadership team and its expectation that the strategic pivot will unlock significant future growth, solidifying the company's position in the high-stakes race to power North America's electric future.