
Mobilyze.ai
Mobilyze.ai provides charging infrastructure financing, allowing customers to deploy EV charging stations without upfront capital costs through flexible leasing and financing options.
Date | Investors | Amount | Round |
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- | investor investor investor investor | €0.0 | round |
N/A | €0.0 | round | |
* | N/A | Acquisition | |
Total Funding | 000k |
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Mobilyze.ai, established in 2019 by a team of MIT researchers, developed a data analytics platform to address a critical bottleneck in the electric vehicle (EV) market: the strategic placement of charging infrastructure. The founders, David Keith and James Long, leveraged their backgrounds in both the automotive industry and academia at MIT to create a solution for the growing need for sophisticated location analytics. They identified that while site hosts were eager to install EV chargers, they often lacked the data-driven insights to select locations that would maximize utilization and deliver a strong return on investment.
The company's core offering was an AI-powered platform that provided analytics and predictions to optimize investments in EV charging stations. By analyzing spatial data, the platform could forecast the probability of EV adoption in specific areas and predict the usage rates for new charging stations at potential sites. This enabled clients, which included automakers and city managers, to make informed decisions, minimize financial risk, and enhance revenue. Mobilyze.ai's business model also reportedly involved purchasing EV charging equipment and leasing it to businesses at a low monthly cost, reducing the upfront financial burden for site hosts.
A significant milestone in the company's history was its acquisition by FreeWire Technologies in December 2022. FreeWire, a provider of battery-integrated EV charging stations, acquired Mobilyze.ai to integrate its predictive analytics capabilities into its own suite of services. This strategic move was designed to provide FreeWire's customers with enhanced tools for making data-driven decisions on charger deployment. Following the acquisition, founders David Keith and James Long joined FreeWire's product management team, continuing their work on solving the EV infrastructure challenge.
Keywords: EV charging analytics, location intelligence, electric vehicle infrastructure, predictive analytics, site selection, charging station placement, return on investment, spatial data analysis, EV adoption forecast, utilization modeling, infrastructure finance, MIT spin-off, automotive technology, energy management solutions, battery-integrated charging, smart cities, data-driven deployment, micro-targeting