Company Website: https://carge.co
Company Email: hello@carge.co
Employees: 8
Funding State: Pre-Seed
Industries
- Mobility
Technology
- AI
- Data Analytics - Big Data
- IoT
- Software
- Web or Mobile Application
Business Model
- B2C
Revenue Model
- Commission Fee
- Price per Use
Funding Sources
- Angel
- Grant
About
Carge is an eMSP (e-Mobility Service Provider) that unifies all charge point networks across Europe, by using smart algorithms for grid balancing. The app is currently available on AppStore, PlayStore, HuaweiStore.
Solution & Product
Before Carge, EV (Electric Vehicle) drivers had to download multiple applications, register separately and pay a fixed amount in advance, due to network exclusivity. Whenever they wanted to charge their car, they had to open each charge point operator's application and find the nearest station. This makes the customer experience cumbersome. Carge app helps EV drivers to:
- seek charging stations
- book a charge point
- navigate to the optimal path
- enable/disable charging session
- pay with e-wallet
The app has also round-the-clock support in 4 languages, which minimizes impact on drivers and delivers peace of mind while detecting remotely any technical/operational issue.
Innovation & Scalability
Carge is the first e-Mobility Service Provider in the world that optimizes the energy consumption spikes and runs custom-built smart algorithms to use the remaining power capacity for grid balancing. This helps Electricity Providers balance the power distribution and act friendly to the environment.
In addition, the Carge app is connected with 40+ car models to store data and show it to the users in real-time, such as battery capacity, state of charge, odometer, etc.
Traction & achievements
Team & Why Us
We are a diverse team with longstanding relations. The two co-founders have been working together for more than 3 years in another successful startup. Therefore, they decided to build something new related to the e-mobility market, which will have a 25% compound annual growth rate by 2030 (automotive software and integration services).
- Eleftherios Karabatsakis (Co-Founder & CEO):
- Peter Benos (Co-Founder & CTO):
We aim to become the largest eMSP in Europe by 2025.
Funding Needs
June 2022: Carge was acquired by Public Power Corporation (PPC S.A.) for an undisclosed amount.
EV charging mobile app that uses smart algorithms for grid balancing.
TEAM
