ChargePanel reaches 10,000 connected charging points and increases its recurring revenue

ChargePanel AB (publ) (“ChargePanel” or “the Company”) announces today that the Company has reached a significant milestone in its development with 10,000 connected charging points, thereby increasing its recurring revenue. At the end of 2023, ChargePanel had around 8,000 charging points, which represents an increase of 2,000 charging points since January 2024.

A central part of ChargePanel’s business strategy is to increase the number of connected charging points in order to improve the Company’s recurring revenue. The Company is increasing its connected charging points both through new and existing customers who connect new charging stations over time.

ChargePanel both forecasts and has the goal of reaching 15,000 charging points before the end of 2024, which would strengthen the Company’s position as one of the leading players in electric vehicle charging infrastructure.

“Reaching 10,000 charging points is not just a number for us. It is proof of our commitment to continue our expansion and development, to be present on multiple continents, and to facilitate the transition to sustainable energy around the world. Every new charging point is a step towards a greener future, and every new customer is a sign of trust in our technology and service.” – Peter Persson, CEO ChargePanel AB (publ).

About ChargePanel AB (publ)

ChargePanel is a GreenTech company that offers innovative B2B solutions within e-Mobility.

ChargePanel offers a white-label SaaS-platform for the operation and management of electric vehicle charging networks. The platform enables electric vehicle driver access to a user-friendly app for charging and is independent of both electricity companies and manufacturers of charging infrastructure.

Since the start, The Company’s focus has been towards developing the technical platform as well as increasing the interest and connecting with selected strategic partners and customers. The company provides solutions in Sweden, Norway, Great Britain, Romania, Morocco, Kenya, Uganda, Malta, the USA, Australia, Malaysia, the Philippines and Barbados with the ambition to grow with its customers into new geographic markets and has adopted a growth strategy which includes multiple continents before the end of 2025. The Company’s strategy is both sustainability and customer-centric. Smarter electric vehicle charging through ChargePanel’s platform facilitates the transition from fossil-fuel vehicles to electric vehicles for both private individuals and companies. This is in line with the climate goals of most countries and regions, and the incentives for electric vehicles will increase sharply in the future.

The Company was founded in 2014 and has its headquarters in Stockholm, Sweden. ChargePanel AB (publ) is listed on Nasdaq First North Growth Market and The Company’s Certified Adviser is Eminova Fondkommission.