PowandGo
Charge sharing service.
| EUR | 2023 | 2024 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 8073 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| % profit margin | (22240 %) | (360 %) |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Company filings or news article
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PowandGo, founded in Milan, Italy, in 2023 by Fabio De Nardi and Alessio Troilo, operates within the electric vehicle (EV) charging sector by leveraging a sharing economy model. The company's core offering is a software platform and mobile application that connects private owners of EV charging stations with EV drivers seeking to charge their vehicles. This model is designed to address the growing demand for charging infrastructure, which lags behind the increasing adoption of electric vehicles.
The business generates revenue by facilitating a peer-to-peer network where individuals and commercial entities, such as hotels, restaurants, and shopping centers, can monetize their private charging points. Owners set their own prices and availability, while the platform handles booking, payment processing, and management, providing a passive income stream. For EV drivers, the service offers a potentially denser network of charging options at costs that can be up to 50% lower than public stations. The platform includes features like pre-booking, route planning, and an SOS function for emergency charging needs.
In addition to its central software platform, PowandGo is also involved in producing its own hardware. This includes aluminum-structured wallboxes and charging stations, as well as smart plugs designed for smaller electric vehicles like e-bikes and scooters. The company has received funding from investors, including Privity, and has been supported by various accelerators and investment funds. With an established base in Europe, PowandGo has stated its ambition to expand into markets such as the United States, Japan, and the United Arab Emirates.
Keywords: electric vehicle charging, charge sharing, peer-to-peer EV charging, EV infrastructure, sharing economy, mobile charging app, private charging stations, wallbox hardware, smart plug, cleantech, e-mobility, EV network, Fabio De Nardi, Alessio Troilo, Milan startup, EV charging solutions, monetizing EV chargers, EV trip planner, residential charging, commercial charging solutions