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Electric vehicle (EV) charging startup CHARGE+ZONE raised $10 Mn in bridge led by Venture Catalysts

Electric vehicle (EV) charging startup CHARGE+ZONE raised $10 million in bridge led by Venture Catalysts. The funds will be used to expand the company’s already existing EV charging network.

Charge+ is a leading integrated EV charging solution provider for Singapore and Southeast Asia, with the goal of catalysing the spread of electric mobility in the region. The company has already begun distribution of the AC-Type2 EV charging network, as well as intercity Fast DC charging networks, for the 1,500 new points over the next 150 days. With its app-driven unmanned charging stations and charging station management system, CHARGE+ZONE provides an Original Equipment Manufacturer (OEM) agnostic charging network. Fast DC Charging Network for electric buses, electric cars, and electric two and three wheelers, battery swapping networks, and SaaS drive the startup’s revenue.

Business models evolve with time, sometimes due to changes in the market and sometimes due to advent of technology, resulting in emergence of new exciting trends. We at Tracxn closely track the startup ecosystem from across the world and we have come across a whole lot of interesting new themes which are gaining popularity, one of them being Electric Vehicle Charging.

Electric vehicle

ChargePoint is the operator of a cloud-enabled EV charging station network solutions. It integrates commercial and residential chargers with cloud-enabled services and includes a charging point locator app for drivers with features such as charging monitoring and the location of nearby chargers. It caters to fleets, drivers, apartments, construction and utility sectors, as well as workplaces. Also, it develops charger stations for residential and commercial spaces.

Operator of EV charging networks. It designs, installs, and maintains a network of free-to-use EV charging stations in public spaces that comprise customer-centric businesses. The stations include advertisements from its partner brands for customer engagement, and it also provides an app enabling users to find its stations located in retail spaces. Its app is available across both Android and iOS platforms.

EV Connect is a provider of electric vehicle (EV) charging solutions for commercial, enterprise, hospitality, university and government facilities. EV Connect develops and operates the industry’s most robust and flexible cloud-based platform for the management of charging stations and the drivers that use them. The EV Connect platform provides charge station-agnostic command and control; enterprise and energy systems integration via an open API; driver communications and support; and demand-response functionality across multiple charging networks.

Provider of electric-vehicle charging solutions. Wallbox provides electric-vehicle charging solutions. It designs manufactures electric-vehicle plug-in charging solutions for personal and commercial purposes. It offers various products like Pulsar offers compact charging solutions for cars, copper SB can be used for commercial purposes and semi-public use. Commander offers touchscreen-enabled charging solutions at corporate parking, etc. It offers features like WiFi connectivity access, ease of installation, etc.

POD Point manufactures and sells electric vehicle charging points. The company has also established a network of electric vehicle charging stations across UK. The company provides solutions for home, business and destination applications.

FreeWire Technologies is developing electric-vehicle charging solutions. It develops various products like Boost charger offers battery-integrated electric vehicle charger with features like ease integrations, 160 kWh battery, capacity, etc Mobi EV charger offers portable plugin charging solutions for electric vehicles with features like dual plugs, integrates with a software platform for energy and asset management, and Mobi Gen offers diesel-fueled generators.

EVBox designs & develops electric vehicle charging equipment and public charging infrastructure. Its product line includes home charging stations, business/commercial charging stations, DC chargers, public charging stations, charging management software, charge cards, and accessories. Its charging equipment embodies intelligent management and connectivity components.

WiTricity offers magnetic resonance-based wireless charging solutions for electric vehicles. The system uses a single continuous magnetic field to transfer power at a significant range based on this methodology, it has has developed an electric vehicle charging solution that offers a power transfer rate of 3.6-11 kW. It offers a charging pad that needs to be installed on the ground. Users have to level their vehicle above the pod to charge the vehicles.

NewMotion is the operator of the EV charging station. It operates a network of EV chargers, and its app enables users to locate and navigate to the chargers, manage charging sessions, and view price estimates. It offers charging solutions for homes, businesses, car manufacturers, sales, and leasing partners. Its app is available for both Android and iOS platforms.

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By Amit

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