ChargeScape

ChargeScape

Vehicle grid integration platform optimizing EV charging for cost savings and grid efficiency.

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Early VC
Total Funding000k
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Chargescape operates as a global vehicle grid integration platform, primarily serving electric vehicle (EV) automakers, utilities, and drivers. The company focuses on enabling access to sustainable and affordable energy through a reliable power grid. By providing data analytics and managed EV charging, Chargescape connects directly with customers and their electric vehicles via a secure platform. This approach allows drivers to participate in managed charging effortlessly, rewarding them for their flexibility. Automakers benefit from Chargescape's backend software platform, which helps reduce the total cost of ownership by saving customers money on home charging. The company operates in the energy and automotive markets, leveraging its platform to optimize EV charging schedules based on time-of-use rate structures. This ensures charging occurs during off-peak periods, enhancing grid efficiency and reducing costs. Chargescape's business model involves collaborating with utilities to manage load growth from EV charging, as demonstrated in case studies like DTE Energy's Smart Charge pilot. The pilot, launched in 2019, aimed to optimize grid operations and reduce energy consumption during peak times, achieving significant energy savings. Chargescape generates revenue by offering its platform and services to utilities and automakers, facilitating a more efficient and cost-effective EV charging ecosystem. Keywords: EV charging, grid integration, data analytics, managed charging, cost savings, energy efficiency, automakers, utilities, platform, sustainable energy.

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