Octochi provides dedicated personal EV charging stations for apartment communities, eliminating competition for limited public chargers. Their hardware uses a single circuit to power multiple ports, while AI‑driven software predicts charging needs and optimizes power use, allowing more vehicles to be supported with fewer electrical upgrades. The service can be funded by Octochi or the community, offering flexible cost arrangements for residents.
Funding
Funding not disclosed
Founders
Product
Problem
Apartment residents often share a limited number of public EV chargers, leading to competition for spots, wait times, and underutilized chargers when vehicles are parked but not charging. This congestion discourages EV adoption in multifamily housing and can require costly electrical upgrades to add more charging capacity.
Solution
Octochi delivers dedicated personal EV charging stations for multifamily communities, assigning each resident a private charger to eliminate wait times and competition. Their hardware leverages a single electrical circuit to serve multiple charging ports, reducing installation expenses and minimizing the need for extensive power upgrades. An AI‑driven software platform optimizes power distribution and forecasts charging demand, allowing more vehicles to be supported on existing infrastructure. Installation and service costs can be covered by Octochi or the property, providing flexible financing options for residents. The system operates without a constant network connection, requiring connectivity only for updates and usage reporting.
Target Audience
Primary customers are property managers and owners of apartment complexes seeking to provide reliable, cost‑effective EV charging for their residents.
Features
- Single‑circuit hardware architecture that powers multiple charging ports, lowering installation costs
- AI‑based load management that balances power usage and predicts charging demand to maximize station capacity
- Dedicated private chargers for each resident, removing the need to wait for a public spot
- Flexible financing models where Octochi or the community can fund installation and service fees
- Minimal network dependency; chargers function offline and sync data only during updates