reCharge provides a charging-as-a-service model that utilizes wireless power transfer technology to deliver low-cost, on-street charging solutions for shared electric micromobility vehicles. This approach addresses high operating costs and safety concerns associated with traditional charging methods, enabling equitable access to sustainable transportation in urban communities.
Funding
$350K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Shared electric micromobility solutions face challenges related to high operating costs, particularly those stemming from the charging of e-bikes and e-scooters. Current charging methods often involve unsafe practices, such as indoor battery charging and the use of service vehicles for battery swapping, and lack standardization across different operators, leading to duplicated efforts. Short-term contracts and market competition further hinder the implementation of long-term, sustainable charging infrastructure.
Solution
reCharge offers a charging-as-a-service model designed to provide low-cost, on-street charging solutions for shared electric micromobility vehicles. Utilizing wireless power transfer technology, reCharge develops, installs, owns, and operates networks of universal charging stations at no upfront cost to the operator. The company signs power purchase agreements with operators and private vehicle owners, billing them for energy consumption during charging sessions. This approach aims to reduce charging costs, increase vehicle uptime, and mitigate safety risks associated with conventional charging methods, while also promoting equitable access to sustainable transportation.
Target Audience
The primary target audience includes shared micromobility operators seeking to reduce charging costs and improve operational efficiency, as well as cities aiming to promote sustainable transportation and reduce sidewalk clutter.
Features
- Wireless power transfer technology for efficient and safe charging
- Universal charging stations compatible with a variety of shared electric micromobility vehicles
- Full-service model including development, installation, ownership, and operation of charging networks
- Power purchase agreements with flexible billing options for operators and vehicle owners
- Reduction of fire risks associated with indoor charging practices
- Increased vehicle uptime and decreased battery loss due to over-discharge