Coral Charge provides utility-independent DC fast charging solutions for electric vehicles, powered by on-site solar and battery storage. This eliminates grid connection costs and complexities, offering businesses predictable pricing and emission-free charging to monetize parking assets.
Funding
Funding not disclosed
Founders
Product
Problem
Electric vehicle charging infrastructure often requires significant grid connection, leading to high installation costs, complex permitting, and unpredictable operational expenses due to fluctuating electricity prices. This reliance on the grid also makes charging stations vulnerable to power outages and grid capacity limitations.
Solution
Coral Charge delivers utility-independent DC fast charging solutions powered exclusively by on-site solar photovoltaic arrays and integrated battery storage systems. This approach bypasses the need for grid connections, eliminating associated construction costs, permitting delays, and electricity utility fees. The system provides ultra-fast charging capabilities with stable, predictable pricing, ensuring reliable service regardless of grid status. Businesses can leverage this infrastructure to monetize parking assets, attract EV drivers, and offer a fully emission-free charging experience.
Target Audience
The primary target audience includes businesses with parking facilities, such as retail centers, office parks, and hospitality venues, looking to enhance customer amenities and create new revenue streams through EV charging.
Features
- Solar-powered DC fast charging system with integrated battery energy storage.
- Grid-independent operation, eliminating reliance on utility infrastructure.
- Predictable charging pricing, unaffected by grid electricity cost volatility.
- Zero operational electricity costs due to solar energy utilization.
- Reduced installation complexity and cost, avoiding heavy construction and underground cabling.
- Emission-free charging solution for electric vehicles.