Monday 17 January 2022

BMW leads investment in EV charging start-up HeyCharge

BMW leads investment in EV charging start-up HeyCharge

BMW has announced a lead investment in German start-up HeyCharge, which aims to open access to private charging locations for consumers.

The German company's 'SecureCharge' technology eliminates the need for an onsite internet connection, allowing its app and chargers to communicate directly over bluetooth.

HeyCharge intends to democratise access to electric vehicle (EV) charging stations in apartment complexes, office buildings and other infrastructure locations and increase scalability of charging options underground.

BMW i Ventures believes with 56% of Germany and 46% of Europe living in apartment buildings and 37% of renters in the US, such a technology is an “obvious next step” for the expansion of charging stations, as current dependency on internet access is limiting scalability.

Kasper Sage, Managing Partner, BMW i Ventures said: “The rapid growth of the electric vehicle market in coming years will necessitate greater infrastructure build-out of charging solutions around the globe.

“HeyCharge is the first company to enable EV-charging without internet connection, which is a key enabler to cover untapped white-spots. With HeyCharge’s technology, it becomes attractive to install chargers in locations that before would have not been commercially viable."


Written by

Bruna Pinhoni

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