Everon

About Everon

Everon Co., Ltd. operates as a key player in South Korea's burgeoning electric vehicle (EV) charging market, positioning itself as one of the country's three largest charge point operators (CPOs) by volume. Founded in 2012, initially as a subsidiary of LG CNS Co., the company was spun off in 2016, allowing it to independently cultivate its expertise in EV charging infrastructure and management software. This strategic pivot has enabled Everon to build a robust network, which as of March 2025, includes approximately 46,000 chargers across the nation.

The company's business model is centered on providing comprehensive EV charging solutions, from the installation and maintenance of chargers to the management of the charging network through its proprietary Charging Station Management System (CSMS) and a user-friendly mobile application. Everon serves a broad client base that includes individual EV owners, residential complexes, and corporate clients. Revenue is generated through the usage of its charging stations by its reported 100,000 members, alongside potential income from strategic partnerships and projects. The company’s service is enhanced by a 24-hour call center and a unique pre-emptive maintenance service provided by its 'Everon Crew'.

Everon offers a product lineup that includes 3kW, 7kW, and 100kW chargers, all compliant with Open Charge Point Protocol (OCPP). A key feature of their service is a mobile app that simplifies the charging process, allowing users to start and end charging with a single click, eliminating the need for card tagging or QR code verification. The company is also focused on future technologies such as smart charging, which uses data to prevent battery fires, and integrating energy storage systems (ESS) with their charging stations. Significant financial backing underscores its growth trajectory. In 2022, SK Networks invested 10 billion KRW, becoming the second-largest shareholder. This was followed by a successful Series B funding round in July 2023, where Everon raised 50 billion won ($39 million) from investors including Korea Development Bank and L&S Venture Capital.