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THE COLLABORATIVE BLOCKCHAIN BACKED PLATFORM BRINGING TOGETHER DISPERSE PUBLIC AND PRIVATE EV CHARGING POINT PROVIDERS AND DRIVERS

THE COLLABORATIVE BLOCKCHAIN BACKED PLATFORM BRINGING TOGETHER DISPERSE PUBLIC AND PRIVATE EV CHARGING POINT PROVIDERS AND DRIVERS

Objective

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.
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Coordinator

PLACE TO PLUG SL

Address

C/ Prat De La Riba 6 9-1
43001 Tarragona

Spain

Activity type

Private for-profit entities (excluding Higher or Secondary Education Establishments)

EU Contribution

€ 50 000

Project information

Grant agreement ID: 868489

Status

Ongoing project

  • Start date

    1 April 2019

  • End date

    31 July 2019

Funded under:

H2020-EU.3.

H2020-EU.2.3.

H2020-EU.2.1.

  • Overall budget:

    € 71 429

  • EU contribution

    € 50 000

Coordinated by:

PLACE TO PLUG SL

Spain