Photo - Carge
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Carge

A companion mobile app for electric vehicle drivers in EU.

Greece
Market: Mobile applications
Stage of the project: Prototype or product is ready

Date of last change: 04.02.2021
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Idea

Carge is the first e-Mobility Service Provider in the world, that helps EV drivers seek, book and use charging points throughout Europe - by using smart algorithms for grid balancing.

Current Status

We've given access to 130 electric vehicle drivers in Greece and Romania to use our Beta app and give us their feedback.

Market

Our target EV markets:
Greece, Romania, Poland, Italy, Austria, Czech Republic, Slovenia, Hungary, Slovakia, Croatia, Bulgaria, Cyprus, Malta, Lithuania, Latvia, Estonia.

Problem or Opportunity

Before Carge, EV (Electric Vehicle) drivers had to download multiple applications, register separately and pay a fixed amount in advance, due to network exclusivity. Whenever they wanted to charge their car, they had to open each charge point operator's application and find the nearest station. This makes the customer experience cumbersome.

Apart from that, EVs are often plugged in for a longer time than they actually need to take power. Electricity prices would thus rise.

Solution (product or service)

Carge app helps EV drivers to:

> seek charging stations
> book a charge point
> navigate to the optimal path
> pay with e-wallet

Users can opt to charge at half-speed, or on full capacity in another time frame at a lower cost. Then, our intelligent algorithms use the remaining power capacity for grid balancing.

Competitors

Chargemap, Nextcharge

Advantages or differentiators

Carge is the first e-Mobility Service Provider in the world that optimizes the energy consumption spikes and runs custom-built smart algorithms to use the remaining power capacity for grid balancing. This helps Electricity Providers balance the power distribution and act friendly to the environment.

Business model

The transaction-driven business model along with the advanced smart energy solution is already being used by eight mobility partners in Europe. We plan to expand to nine more countries within the next five years.

Money will be spent on

Marketing and Opex

Team or Management

Incubation/Acceleration programs accomplishment

Startup Grind Membership (online)

Won the competition and other awards

Best Automotive Startups in 2020 - by The Startup Pill

Photos

Photo 1 - A companion mobile app for electric vehicle drivers in EU.

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video