Empowering Electric Mobility: The Role of Public Charging Stations

Author : snehal umi | Published On : 22 Nov 2023

Electric vehicle charging facilities are proliferating. To promote its wider acceptance, there are still not enough charging infrastructures in many regions. EV batteries are still expensive and need a lot of time to charge, despite advances in battery technology. There are public charging infrastructure startups that are developing solutions for EV infrastructure, as well as power boosters and EV infrastructure management systems, to address these issues facing the EV business.

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List of Top 20 Public Charging Infrastructure Industry Startups:

To promote and advance the use of EVs, efforts need to be made to have a sound charging infrastructure to easily adopt the future. Startups across globe are playing a key role in this endeavor, utilizing the spirit of entrepreneurship and cutting-edge technologies to transform the landscape of electric charging infrastructure. They are developing and producing EV charging infrastructure options to meet the requirements of the EV industry. Below table showcases the top 20 public charging infrastructure industry startup companies with their logo, founding year and total funding (USD).

Geographic distribution of major startups in Public Charging Infrastructure Industry across the globe:

Below graph represent the number of publicly available charging infrastructures as per different countries:

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Conclusion

The electric charging infrastructure industry has very attractive growth opportunities for businesses. By consistently inventing and growing their charging networks, startups will play a critical role in addressing this demand. Startups will be important in installing smart solutions, growing the charging network, and accelerating global shift to a cleaner and greener transportation future as the EV industry continues to grow and expand. These startups are just a snapshot of the larger movement that aims to change the face of EV Charging industry. As technology continues to evolve, and research develops, we can only expect this field to expand and bring forth more effective, efficient, and personalized ways of charging electric vehicles. According to the UnivDatos Market Insights analysis, startups are assuring effective use of the infrastructure for charging while easing the load on the power grid and as per their “Public Charging Infrastructure Market” report, the global market was valued at USD 8874.5 Million in 2022, growing at a CAGR of 31.3% during the forecast period from 2023 - 2030 to reach USD XX billion by 2030.