Software Solution: "Airbnb for Electric Vehicle Charging" — Heather Hochrein, CEO of EVMatch

Led by Heather Hochrein, EVMatch provides a software platform that enables both a peer-to-peer EV charging system (analogous to Airbnb for electric vehicle chargers) and facilitates apartment building charging sessions through automatic scheduling and access control.

Below are two excerpts from the podcast. 

Heather described EVMatch's business saying, "We are a software platform that provides access to privately owned EV charging stations with the ultimate goal of increasing the feasibility of EV ownership. Our platform was initially created to provide a peer-to-peer network of homeowners who have individual level 2 charging stations and can provide access to this infrastructure to their neighbors and community members in exchange for additional cash. In this sense, we say that we are the “Airbnb of electric vehicle charging stations.” Moreover, we have begun to provide reservation-based software for apartment complexes and church facilities to help these facilities manage EV charging sessions.

We have three revenue streams. Our primary revenue stream is a service fee that we charge to customers when using the peer-to-peer network, in much the same way that Airbnb customers pay a transaction fee when they book a reservation. Our secondary revenue stream is an annual subscription fee (i.e., a SaaS offering) that we charge to our commercial customers for the reservation management service. Finally, we earn a commission on the resale of level 2 charging hardware."

Heather highlighted the company's work to drive electric vehicle adoption by addressing range anxiety saying, "It is absolutely a primary motivation. Range anxiety is a combination of relatively short-range batteries in the existing fleet of electric vehicles and insufficient public charging infrastructure. While we believe the former will be addressed by gradually improving battery chemistry coming out of labs working in conjunction with automakers, we are actively working on the latter. While we do not directly build charging stations, we work to maximize their usage rate, making this infrastructure more accessible to all. It is also clear that the EV charging infrastructure must continue to be built out, and we expect that as this continues our role will only continue to expand in terms of the smart software management of these facilities."

Here is the transcript summary of the podcast.

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