Photo - Greenele
53606

Greenele

Electric vehicle charging solutions

Finland
Market: Internet and IT, Electronics, Power Engineering, Other
Stage of the project: Prototype or product is ready

Date of last change: 20.08.2021
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Idea

We have developed own electric vehicle charging station and -service.

The charging station combines the technology of Type 2 charging with the low power output of 3,7 kW (1x16 A). It can be connected to the cloud via internet where the user can be authenticated, energy metered and billed according to usage.

This concept of a low powered Type 2 charging station provide us with multiple benefits, some of them being price (hardware & installation), maximum safety and a great reduction in size and weight.

Current Status

+700 charging points installed, +100 housing companies surveyed.

Now we have developed our own charging station and service which we are going to bring to market this year.

MVP ready
Customers base ready
Team ready
Concept ready
Business model ready
Market ready

Market

Housing companies, other business real estate and individuals globally.

All new cards sold in Europe will be electric by 2035 which means that charging infrastructure has to be there. This means new emerging markets.

Problem or Opportunity

Mode 2 charging points are not fully supported by standards and NEVER WILL. But because of ease of usage and price, people buy them even with safety hazards and inconvenience.

Mode 3 charging points are too complicated, lack key features, too expensive and too powerful.

Solution (product or service)

We have developed own electric vehicle charging station and -service.

The charging station combines the technology of Type 2 charging with the low power output of 3,7 kW (1x16 A). It can be connected to the cloud via internet where the user can be authenticated, energy metered and billed according to usage.

This concept of a low powered Type 2 charging station provide us with multiple benefits, some of them being price (hardware & installation), maximum safety and a great reduction in size and weight.

Competitors

Parkkisähkö, eTolppa, Garo, Virta, Defa, Webasto, Ensto.

Advantages or differentiators

Type 2 + low power (3,7 kW)

Can be directly replaced with a normal car heating unit without special adapters or tools.

Cable chaining

Charging service (SaaS) as an option meaning that you subscribe and unsubscribe at any time.

Finance

Charging station for 790 € (two charging points)
Charging service for 10 €/monthly (will be lower to 5 € gradually)

In 5 years, we are expecting a revenue of 4 M€.

Business model

We sell the charging station (790 €) and it works on its own but is not connected to the internet.

Each one has an option to subscribe to our charging service 10 €/monthly.

We sell the stations and service by ourselves initially.

> 95 % annual retention on subscriptions.

Money will be spent on

R&D, manufacturing and installation of 100 charging points.

Offer for investor

≈ 10 %

Team or Management

Risks

No major risks really but if I have to name at least one, then let us say that failure in mold design of casing.

Incubation/Acceleration programs accomplishment

NewCo Helsinki
Kiuas

Won the competition and other awards

Kiuas #1 pitch

Photos

Photo 1 - Electric vehicle charging solutions
Photo 2 - Electric vehicle charging solutions
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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
Presentation