According to our market study, Servo PowerShare is the first community electric power sharing system in the world, which primarily serves the charging light electric vehicles (LEVs) in the street, and consequently it facilitates the wide-spreading of LEVs in the cities. Our innovative business model connects all stakeholders: users, electricity providers, cities, and hosts of Servo PowerShare Points (e.g. buildings owners, shopping centers, restaurants, etc…). Our company, Servo Movement will provide the standardised, high-quality PowerShare devices, their installation and maintenance, the smartphone application, and will operate the whole PowerShare system technically and administratively. The electricity works companies currently focus on building a charging network for electric cars and busses, while light electric vehicle charging network is not in their interest today. However, they will highly benefit from a standardise charging solution, such as Servo PowerShare, which will ensure the system safety and accurate, transparent payment structure.
As an impact of the project, servo hosts, i.e. offices, houses, supermarkets, etc, will obtain new revenue sources and gain new clients or clients with new habits (shopping and charging at the same time). This will be a game-changer, indicating new business strategies. For municipalities, our solution, will promote the wide-spreading of LEVs, contributing for greener cities and regions, which also an important social benefit. The success project will impact considerably our company, promoting our growth. The total expected margin in 5 years after fully commercial operation will exceed 10 million euros, while the number of employees will increase to 76.