CaaS – Car Charging as a Service for Smart Mobility

Project Information

Navigato

Grant agreement ID: 886231

DOI

10.3030/886231

Project closed

EC signature date 19 December 2019

Start date 1 October 2019

End date 29 February 2020

Funded under

• INDUSTRIAL LEADERSHIP - Innovation In SMEs

Total cost

€ 71 429,00

EU contribution

€ 50 000,00

Coordinated by

NAVIGATO
Bulgaria

Periodic Reporting for period 1 - Navigato (CaaS – Car Charging as a Service for Smart Mobility)

Reporting period: 2019-10-01 to 2020-02-29

Summary of the context and overall objectives of the project

12% of total EU emissions of carbon dioxide (CO2) come from passenger cars. EU legislation sets mandatory emission reduction targets for new cars with targets for 2015 and 2021. Manufacturers can be granted emission credits for vehicles equipped with innovative technologies. Manufacturers are given additional incentives to put on the market zero- and low-emission cars emitting less than 50 g/km through a “super-credits” system.
The monthly growth of EV sales is higher every year but still only in the 11-12% annual growth. Each year, monthly sales growth is accelerating, And significant numbers of EVs are start started being sold now. EV sales are expected to grow exponentially by 2040 due to their lower cost (shown to the right).
Charging stations networks are expanding quickly to deal with range anxiety. The average electric car uses roughly ten kWh (kilowatt hours) for every 80-100 miles it drives. Currently, there are approximately 3.2 million EVs on the roads around the world. Around 1 million of these are in the EU. So, approximately 10,000,000 kWh of power is used every time the collective total of EVs in the EU travel 80-100 miles. As EV adoption continues to rise, so will the demand on the grid.
Transport is one of the few sectors of the European economy where emissions levels are still rising and policymakers have been under increasing pressure to accelerate the shift to lower emission models. Late 2018, the European Parliament delivered the low carbon transport industry a major boost by approving draft laws that would impose tough new emissions cuts on carmakers and boost the number of electric vehicles (EVs) on the roads.
The goals were to create a technological roadmap, we also conducted a market and business model assessment. We also identified all potential risks, made an IP assessment and created a business plan. In fact, greenhouse gas emissions of EVs, with the current EU energy mix and over the entire vehicle life cycle, are about 17-30 % lower than the emissions of petrol and diesel cars. Yet, as the carbon intensity of the EU energy mix is projected to decrease, the life-cycle emissions of a typical electric vehicle could be cut by at least 73 % by 2050.

Work performed from the beginning of the project to the end of the period covered by the report and main results achieved so far

Our sales strategy included direct sales, hot connections, networking, creating partnership with cities and large operators, as well as offering superior UX to our customers. We worked closely with associations, participate in trade fairs and publish in trade journals. Associations include Startup Grind, WEVA, Recharge and AVERE. We participated in trade fairs, such as the Electric & Hybrid Vehicle Technology Expo, StartUp Weekend Sustainable Revolution Paris Edition and other events across Europe. Trade journals also include Electric Vehicles Magazine, World Electric Vehicle Journal and more.
The next important integration is with several bonus / bonus Miles / rewards systems. This gives us an important step forward, because through our modern bonus systems aggregator we achieve mutual exchange of the respective bonus units for the charging time. This provides a great opportunity for all participants in our fintech charging infrastructure platform.
The European E-Mobility market is experiencing a significant growth, higher than ever before. It is anticipated that 14% of all light vehicles sold will consist of electric vehicles. More and more larger players, as well as startups are cooperating and entering the E-Mobility market due to its high potential. The main driver for the increasing EV charging station market is the fact that only 5% of all EV charging stations consist in public charging stations. Now is the time to enter the E-Mobility charging market and gain a major market share in the public charging sector.
We summarized our findings in the lean business model. We will target our main clients, which are charging station operators, our end-users (EV drivers and owners) and software and hardware providers and charge micropayment transaction fees of 1-1.5% in the first month. After that, we will increase the percentage to 11-15%, as well as a monthly subscription fee, ranging from €15-€100 per charging stations/month.
The main risks we will have to face are cyber attacks, high switching costs, vandalism, compliance risk and currency and crypto rate fluctuation. We use the latest block chain technology to maximize cybersecurity, we will make sure that we will be the first company to enter the market and participate in industry representations to reduce these risks.
We have chosen not to patent our technology, since it will make it public and as a start-up, we do not have the financial means to protect it. We will protect our source code and technology as business secrets. It is not possible for users to access critical parts of our technology.
We therefore conclude that the project shall continue and that our strategic vision has been strengthened and a clear work plan has emerged. As a next step, we will apply for EIC Accelerator Phase 2 funding and keep getting the support from the coach and the national support system.

Progress beyond the state of the art and expected potential impact (including the socio-economic impact and the wider societal implications of the project so far)

Navigato is a smart mobility solution that helps manage EV charging station networks. Thee main advantages over the state of the art are: Data Security: 1. All data is cryptographically secured in a Tangle This data can be made visible to certain parties. This takes advantages of the latest blockchain insights. 2. Machine to Machine micropayments: This way, machines can pay each other for certain services and resources. 3. Charging station health check: the Navigato hardware devices placed on the charging stations contain sensors that can evaluate the health status of a charging station and alert the operator when it needs maintenance.
EV also offer clear benefits for cleaner air, mainly due to zero exhaust emissions at street level. But even electric vehicles emit particulate matter from road, tire and break wear, the report reminds. Further benefits include a reduction in noise pollution, especially in cities where speeds are generally low and traffic often stands still.

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