04 Apr 2022

Vertex Partnership Group

EV charging and the next frontier

Innovation Ecosystem

Automotive

Enterprise

Consumer

Economy

Tech Insights

News & Announcements

For the mass adoption of electric vehicle (EV) to become a reality, EV charging infrastructure must be made accessible, quick and have reliability. Current signs indicate the sector is moving in the right direction – with China, Europe, US and Japan accelerating their charging infrastructure rollout plans, and notable charging network operators (i.e. ChargePoint, EVgo and Tritium) making billion-dollar exits.

Globally, plug-in charging has emerged as one of the most common and versatile EV charging methods, enabling EVs to be charged at double the speed and have a further vehicle’s range. Automakers like Porsche, Kia and Volvo are rolling out new EV models with higher voltage to enable fast charging.

As EV plug-in charging gains traction, a charging operator’s key differentiation lies in positioning themselves as a value-added service provider and has the ability to deploy chargers effectively. Smart solutions and cloud-connected technologies may emerge to optimise charge point usage and energy consumption, while grid network expansion may occur to prevent local bottlenecks.

This presents new opportunities for hardware-agnostic Software-as-a-Service (SaaS) companies like Virta, a Vertex Growth portfolio company that manages EV charging points with capabilities in roaming, dynamic load management and vehicle-to-grid (V2G). With more EVs on the road, V2G services could help fleet managers generate an estimated USD 1.6B in cost savings and revenues. Their predictable utilisation schedules will enable fleet managers to harvest energy during off-peak hours and utilise it during peak periods.

Beyond plug-in charging, some fleet managers are also exploring alternative EV charging methods such as battery swapping as it provides a close-to-zero waiting time. However, some challenges such as battery/vehicle standardization, exponential cost and carbon footprint concerns could potentially affect mass adoption.

Wireless charging is another frontrunner for the future of EV due to its convenience. Regulators have announced the first global standard and first movers are emerging in the static wireless charging space, forming partnerships with original equipment manufacturers (OEMs) and governments. We believe dynamic (on the go) charging is the next frontier as players race to develop this capability.

As the saying goes, ‘if you build it, they will come’. By rapidly developing the EV charging network, EV adoption and the dawn of a greener transportation will swiftly follow.

Img


English Version

[EN] E-mobility | Part IV - EV charging and the next frontier



Chinese Version

[CN] E-mobility | Part IV - EV charging and the next frontier




Japanese Version

[JP] E-mobility | Part IV - EV charging and the next frontier




Korean Version

[KR] E-mobility | Part IV - EV charging and the next frontier



German Version

[DE] E-mobility | Part IV - EV charging and the next frontier


Get your FREE report here.




Look out for the fifth report from our 5-part e-mobility series: The future - AVs and EVs

Img

Follow us on social media:

Img Img Img

Recent posts

29 Jul 2022

Innovation Ecosystem

Automotive

Enterprise

Consumer

Economy

Tech Insights

News & Announcements

Product & Technology

Security

Third-Generation Semiconductor: The Next Wave?

Today, almost every technological device houses a microprocessor or transistor - from compact devices such as calculators to mobile phones. In a world where we are powered up, plugged in and connected digitally, the demand for technologies powered by semiconductors have risen.

15 Jul 2022

News & Announcements

Vantage | July 2022

Here are the latest updates on our portfolio companies across the Vertex network.

08 Jul 2022

Innovation Ecosystem

Leadership & Management

News & Announcements

Take V: Q&A with Blings.io

Take V is a Vertex Holdings spotlight series that dives into the inspiring stories of Vertex’s portfolio founders. In this installment, we chat with Yonatan Schreiber, Co-founder and CEO of Blings.io. Blings.io is a portfolio company of Vertex Ventures Israel.

Quick Links

Our Global Network

The Vertex global network of venture capital funds comprises Vertex Ventures, Vertex Ventures HC and Vertex Growth.

With funds based across innovation hubs in China, Israel, Southeast Asia and India, and the US, we create a unique platform for portfolio companies to realize their full potential by leveraging the combined experience and resources of our extensive network of global partners.

Copyright

© 2019 by Vertex Holdings. All rights reserved. Legal


Advisory on Investment and Hiring Scams

We are aware of scammers using websites, social media, email, SMS and/or other channels impersonating Vertex and Vertex staff offering investment and employment opportunities at Vertex. We can confirm that Vertex DOES NOT have an official LINE account and the website Vertexfundsltd.com is NOT an official website of Vertex Holdings nor is it under the supervision of our company. Please also ignore such unsolicited calls, text messages and discard such emails. Do not respond nor provide any personal information. If you require any clarification, please contact us.