Ev.energy

The firm operates on a B2B2C business model, partnering with energy utilities, vehicle original equipment manufacturers (OEMs), and charging hardware companies to provide its software to end-users. Its partners include major entities like National Grid, Volkswagen Group, Siemens, and Maxeon. For energy providers, Ev.energy's platform functions as a Virtual Power Plant (VPP), aggregating and managing the electricity demand of thousands of EVs to help balance the grid, reduce the need for costly infrastructure upgrades, and prevent high energy rates. This service generates revenue through grid service programs. For EV drivers, the company offers a mobile app that automatically schedules charging during off-peak hours when energy is cheapest and has the lowest carbon intensity, potentially cutting charging costs in half. The platform supports integrations with over 33 vehicle brands, numerous charger manufacturers, and solar inverters.

Since its inception, Ev.energy has expanded its operations to North America, Europe, and Australia, managing over 120,000 EVs daily. The company has secured significant funding, including a $33 million Series B round in 2023 led by National Grid Partners, bringing its total raised capital to over $46 million. Key milestones include the launch of a fleet management platform called 'Pando' and the introduction of a solar home charging function. The platform's capabilities also extend to Vehicle-to-Grid (V2G) services, which allow EVs to supply power back to the grid.