The current EV charging landscape in Europe is fragmented with an evident lack of interoperability between EV charging point operators/users. Cross border mobility and long distance travel is difficult for EV drivers. Place to Plug offers a collaborative platform integrated with blockchain that aims to reach the maximum number of EV users and operators, bringing together a fragmented network of public charging points and expanding it by also offering private charging points. In this way we will create a solid network to ensure sufficient energy supply for every EV user, reducing range anxiety. Place to Plug has created the only platform whose model is collaborative, tending to add the highest number of charging points possible, independent of type (public/private sector). The platform employ blockchain and virtual currency for EV drivers to pay charging sessions in private charging points thus circumventing restrictions on the sale of energy between private individuals and automating processes via smart contracts. The platform, which integrate all charging points from diverse
operators, allows users to book and activate charge points using the mobile app or the website. Other platforms require a card (or do not offer a blockchain platform) which varies depending on the charging point’s operator. Other competitive advantages include route planning features based on the EV’s model and available charging points and a smart and 100% proprietary charging station with unique features. EV sales are on the rise and will represent 15-18% of vehicle sales in 2020 and 30-50% in 2030. We can expect the European EV stock to grow from a size of 1,250,000 in 2018 to ~8 m EV stock in 2022. Taking into account an annual revenue of €24 per each user (B2C) and from €48 to €450 per each control center subscription (B2B), our business model is able to generate an expected service obtainable market (SOM)/revenues of €9.1 m in 2023.
Field of science
- /natural sciences/computer and information sciences/artificial intelligence
- /social sciences/economics and business/business and management/commerce
- /social sciences/social and economic geography/transport/electric vehicles
Call for proposal
See other projects for this call