EverCharge

Smart charging solutions for EVs

Palo Alto, California, United States

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About EverCharge

EverCharge provides smart electric vehicle (EV) charging solutions for vehicle fleets, apartment complexes, and condominiums, addressing the need for charging infrastructure in multi-family residences and fleet operations. Their SmartPower technology optimizes energy use by dynamically allocating power to multiple charging stations, reducing the need for costly upgrades. The company offers a fully managed service that includes installation, 24/7 support, maintenance, and automated billing, making it easier for property managers and fleet operators to implement EV charging. EverCharge aims to make EV ownership more accessible and efficient, particularly in urban settings.

Palo Alto, CaliforniaHeadquarters
2013Year Founded
$9.6MTotal Funding
ACQUISITIONCompany Stage
Energy, AI & Machine LearningIndustries
51-200Employees

Risks

Increased competition from SK and Hyundai may pressure EverCharge's market share.
Reliance on battery energy storage systems may face technical or regulatory challenges.
Demand for rental EVs at airports may not meet expectations, affecting ROI.

Differentiation

EverCharge's SmartPower technology optimizes energy use, reducing infrastructure upgrade costs.
The company focuses on multi-family residences and fleet operations, addressing key EV adoption barriers.
EverCharge offers a fully managed service, including 24/7 support and automated billing.

Upsides

Partnership with Avis Budget Group expands EV charging at major transportation hubs.
SK Group acquisition enhances EverCharge's resources and market presence in the U.S.
Collaboration with Siemens boosts production capabilities for increasing EV infrastructure demand.