A weary tourist looks for a place to relax for just an afternoon. A business traveler, fresh off a red-eye, wishes she could hop in the shower before a meeting. Too often, such people have nowhere to go unless they book a one-night stay at a hotel, but Recharge offers a better solution. The company works with luxury hotels to unlock unused inventory and allow guests, through Recharge’s easy-to-use app, to instantly book rooms by the minute. Guests only pay for the time they use, while hotels earn money from rooms that would otherwise stay vacant — no small feat in an industry where, worldwide, more than 30 percent of rooms sit unused every day. Washington University in St. Louis grads Emmanuel Bamfo, Chris Lo and Will Johnson founded the company in 2016. Today, Recharge is available to users in New York and San Francisco, with more cities on the horizon.
—Christina Heggie, investment associate, JetBlue Technology Ventures
—Emmanuel Bamfo, CEO, Recharge