We are in times of radical change, where the traditional markets and business models are being replaced, in many cases, by those new ones that, until very recently, were totally unthinkable, and where all the traditional paradigms of “ways of doing things” are simply becoming obsolete.
These current changes led to the creation of new words, or “buzz words” . We normally invent them to define non-existing things. However, they are used with words that currently exist, normally with the ones thathave evolved in such a way that we need to express and name them differently. Some of them are: neobank, fintech, foodtech, incubator, venture builder, circular economy.
Therefore, what is a “electrolinera”? Searching on Google, “An Electrolinera is an on-street charging station for electric or plug-in hybrid vehicles. At this charging point the battery of the electric vehicle can be recharged, and they are usually located in shopping or leisure centers, gas stations, public garages, highways and other areas of high traffic or vehicle circulation”.
Is installing an Electrolinera in Spain a good business idea?
I will bring you series of data to assess the extent to which we may be witnessing the birth of a new business model that until now has been quite marginal:
- It is currently thought that there are 65,000 electric vehicles in Spain, against a vehicle fleet of 28 MM. (0.23% share).
- According to the Ministry for the Ecological Transition and the Demographic Challenge, it is believed that, in 2030 there will be more than 5 million electric vehicles in Spain, against a total vehicle fleet of 30 million (17% share)
- According to ANFAC, the electric vehicles market will be triple by 2020, and the Government will not nake any additional measure.
- Nowadays, in order to bring services to electric vehicles fleet, there are 4,545 electric recharging stations in Spain.
- According to one report from Deloitte, the 2050 decarbonization targets for our country will require the installation of some 11,000 electric charging stations (or “electrolineras”) by 2020. By 2030, between 35,000 and 50,000 charging points will have to be installed on public roads, almost ten times the number of charging points currently available.
- Big corporations are announcing relevant investment with the aim of having a key role in this new market: Endesa announces a scheme to install 8,500 carging stations in public places; Iberdrola would like to create 25,000 stations for houses and companies until 2023. These two companies will install electrolineras in McDonalds, and Ezenti announces a new project por the installation of these stations in Spain.
Do you understand now what “electrolinera” means and the importance of being part of this new market?
At Fellow Funders we try at all times to be always attentive to the emergence of new business models that are emerging in order to analyze them, understand them and try to connect entrepreneurs with potential investors, with the ultimate goal that both can meet their expectations. This is a hard and complex process because reality changes at a speed unknown until now. But this continuous learning process is in the DNA of all of us who work at Fellow Funders and we want our company to be in the future a reference for alternative investment in Spain.
A short piece of advice. When you see a new company positioning itself with a business model unknown to you, look for information on the Internet, analyze it and make your decisions. You may be facing an important investment opportunity. At Fellow Funders, we are committed in helping you in your decission-making, always keeping in mind the transparency, rigour and professionality standards.
Would you like to join the Fellow Funders world? We are waiting for you!