Top 10: Electric Vehicle Charging Companies
The global EV charging market is experiencing a surge, with its valuation reaching approximately US$25.83bn in 2023.
The rise in EV adoption is clear, reflecting a significant shift in consumer preferences towards greener transportation solutions; by 2022, the number of public charging points reached 2.7 million globally.
Initiatives such as the US Department of Transportation's US$2.5bn grant programme for charging infrastructure are further fuelling this expansion.
To keep up, charging companies are having to innovate like never before. Here, EV Magazine takes a look at the top 10 EV charging companies.
10. InstaVolt
Founded: 2016
Employees: 120
CEO: Delvin Lane
Revenue: US$24.4m
InstaVolt has emerged as a top contender in the global EV charging arena. As the largest rapid EV network in the UK, it boasts more than 2,000 chargers nationwide, with speeds up to 160kW.
Expanding beyond Britain, InstaVolt has launched in Iceland, including its biggest hub and has plans for Spain and Portugal. The company aims to install 11,000 chargers in the UK and Ireland, 5,000 in Spain and Portugal and more than 300 in Iceland.
One key partnership with McDonald's has led to the installation of rapid chargers at Drive-Thru locations, enhancing accessibility for EV drivers.
9. GRIDSERVE
Founded: 2017
Employees: Approx. 200
CEO: Toddington Harper
Revenue: Approx. US$86m
GRIDSERVE has become a frontrunner in sustainable EV charging, with a clear global vision. In the UK, it runs the GRIDSERVE Electric Highway, boasting nearly 1,500 charging bays at over 190 locations.
With GRIDSERVE GLOBAL, the company is taking its "Sun-to-Wheel" approach worldwide, integrating solar farms, battery storage and EV chargers.
Committed to providing reliable, affordable clean energy, GRIDSERVE is expanding networks for both passenger and heavy goods vehicles, driving the shift to sustainable transport on a global scale.
8. Allego
Founded: 2013
Employees: Approx. 200
CEO: Mathieu Bonnet
Revenue: US$93.2m
Allego stands out as a leading provider of EV charging solutions, boasting 35,000 charging points across 16 European countries. Catering to cars, buses and trucks, the company champions 100% renewable energy.
Its cutting-edge Plug & Charge technology streamlines the experience with automatic authentication and payment.
With its extensive network and commitment to sustainability, Allego partners with key players like Shell to drive the transition to electric mobility across Europe.
7. Blink Charging
Founded: 2009
Employees: 700
CEO: Brendan Jones
Revenue: US$140m
Blink Charging Co. is a top global player in EV charging, with more than 90,000 chargers across 25 countries.
Based in Bowie, Maryland, Blink is ramping up its manufacturing to meet the rising demand for EVs.
Their Blink Network features cutting-edge, cloud-based software for the seamless management of charging stations. With a growing international presence, it has formed key partnerships and distribution deals in Latin America and Europe, including with more than 4,000 automotive dealerships worldwide.
6. Electrify America
Founded: 2016
Employees: 51-200
CEO: 2016
Revenue: Approx. US$89m
Electrify America, a Volkswagen Group of America subsidiary with Siemens as a minority shareholder, leads the charge in US EV infrastructure.
It boasts the country’s largest open DC fast-charging network, with plans to invest over US$2bn in Zero Emission Vehicle infrastructure. Its stations offer ultra-fast charging, with some delivering up to 350kW, adding up to 20 miles per minute.
Spanning 46 states and DC, the network features innovations like Plug&Charge and liquid-cooled cables, all powered by 100% renewable energy and supported by solar projects to reduce its carbon footprint.
5. EVgo
Founded: 2010
Employees: Approx. 300
CEO: Badar Khan
Revenue: US$161m
EVgo stands out as a top EV fast charging provider in the US, with more than 1,000 locations across 35 states.
Its innovative prefabricated stations cut installation costs and time, while it plans to ensure charging is accessible and affordable.
Partnering with major automakers including General Motors, EVgo offers high-power 350kW chargers at many sites. The partnership, first announced in 2020 and expanded in 2021, aims to install 3,250 DC fast charging stalls in major metro markets by 2025.
4. BP Pulse
Founded: 2008
Employees: Approx. 500
CEO: David Martell
Revenue: US$120m
BP Pulse is a top player in EV charging, boasting one of the largest rapid and ultra-fast networks in the UK and Germany.
Having more than doubled its ultra-fast charge points in the UK in 2023, the company is planning to install more than 100,000 global charging points by 2030.
With a £1bn (US$1.3bn) investment planned for UK infrastructure over the next decade, BP Pulse is developing cutting-edge charging hubs at key transport hubs and convenient spots, driving the shift to EVs.
3. ChargePoint
Founded: 2007
Employees: 1,700
CEO: Pasquale Romano
Revenue: US$507m
ChargePoint is a leading global player in EV charging, boasting one of the largest networks worldwide.
The company now spans 14 countries with more than 225,000 charging spots as of January 2023. ChargePoint offers a diverse range of AC and DC fast charging solutions for homes, workplaces, fleets and public spaces.
Its cutting-edge software platform streamlines charging management, whilst the mobile app makes finding and using stations quick and easy.
With strategic partnerships with major automakers and energy firms, ChargePoint is a clear top three charging company as the world shifts to electric mobility.
2. Shell Recharge Solutions
Founded: 2008
Employees: Approx. 1,100
CEO: Melanie Lane
Revenue: US$316.6bn (Shell's total revenue)
Shell Recharge is a top provider of EV charging solutions; with access to more than 700,000 public charging stations across 33 European countries, it offers drivers extensive on-the-go coverage.
The network features fast, rapid and ultra-rapid chargers, with speeds of up to 350kW at select sites.
Shell Recharge's ecosystem spans home, workplace and public charging, managed through a user-friendly app that provides real-time availability, transparent pricing and route planning.
1. Tesla
Founded: 2003
Employees: 100,000
CEO: Elon Musk
Revenue: US$96.8bn
Tesla operates the world’s largest fast-charging network, featuring more than 50,000 Superchargers across major routes in numerous countries.
These stations deliver high-speed charging, adding up to 200 miles of range in just 15 minutes. Tesla's network also runs on 100% renewable energy, thanks to onsite resources and annual renewable matching.
Committed to expanding its reach, Tesla plans to add 7,500 Superchargers by the end of 2024, supported by President Biden's US$7.5bn initiative.
The new "Magic Dock" adapter also lets non-Tesla EVs access the network, broadening its accessibility and revenue potential.
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