EasyCharger is a company founded in February 2017 in Spain with the mission of creating a charging supply network for electric vehicles on the main national highways and roads, and later on, throughout Europe.
In 2018 began its deployment plan in Spain, and will continue in 2020 to supply the entire national territory. Thus satisfying the growing demand for the points needed to effectively cover long-distance routes within the peninsula, with a special focus on covering those sections on the outskirts of urban centres.
EasyCharger in collaboration with Nissan, and recently, with the agreement reached with a major oil company in Spain, plan to install more than 100 charging points nationwide, with charging stations of up to 350 KWh.
The location of these stations has operating contracts of up to 15 years, with between 2 and 4 chargers installed at each charging station. They also have their own APP (iOS and Android) to reserve points and plan your journeys.
EasyCharger is already a benchmark in electric vehicle charging in Spain.
A present with a great future
There are more than 63,000 electric vehicles in circulation in Spain, of which 25,000 are cars. This already represents more than 1% of the total vehicle fleet in our country, which stands at around 24M. This figure almost equals the number of motorbikes and mopeds, which together account for more than 21,000 vehicles.
In terms of charging points, Spain isbelow the European average at the moment. We currently only have 5,111 public points, compared to 27,459 in Germany, 24,850 in France, or 12,096 in Norway.
This indicates that we must make significant efforts in our country to install a much greater number of charging points than we currently have, because it will encourage Spaniards to buy electric vehicles, as they will lose their current fear of energy shortages.
Fellow Funder states, therefore, that a good charging station infrastructure is essential for the growth and establishment of the sector.
The ultimate goal of EasyCharger is to create a network of charging stations consisting of fast chargers (175-350 kWh), where all drivers of electric cars can charge their vehicles with 100% renewable energy and in a shorter time than in the case of fast chargers (50 kWh). Therefore, drivers will be able to go more places and will need less time to charge their cars, so as a result, they will be able to cover longer distances.
Reasons to invest in EasyCharger
- Agreement with Nissan providing them with 1.6 M of capital against future discount on Easycharger tariffs for Nissan users.
- Agreement with an oil company: They provide them with the location for the installation of charging stations at the company’s gas stations (50 stations, 100 chargers). This seems as a strategic decision by the oil company to enter the company in future larger financing rounds, securing the charging stations at their locations and therefore being a very likely exit for the current investor.
- Agreement with Audi, BMW, Seat and Volkswagen for these companies’ vehicles to display the location of EasyCharger charging stations on their GPS screens.
- Taking into account subsidies, they will not incur negative EBITDA in any year according to their forecasts (approx. 2 M).
- Tesla Model 3 is the third best selling car in Europe, (in Spain there are only 25k electric cars and in Portugal 3 times more electric cars).
Join the future of mobility with Easycharger!