ChargePanel signs its first agreement in Asia

ChargePanel AB (publ) (“ChargePanel”) and Strateq Systems Sdn Bhd (”Strateq”) have today signed an agreement for ChargePanel’s Enterprise service for the Malaysian market. Strateq will work as an EV charging operator and act as a reseller for the services that ChargePanel offers.

This is the fifth agreement that ChargePanel has signed during June and with this agreement ChargePanel has reached a presence in five continents. The agreement with Strateq will start with the Malaysian market. Strateq also has a presence in China, the Philippines, Singapore, Thailand, and the USA with the goal is to expand in these countries in the future. Strateq currently has business relationships with over 5000 petrol stations in the countries where they are active. The number of connected charge stations is expected to reach at least 1000 before the end of 2024.

ChargePanel has recently seen an increase in the number of requests from potential customers in the Asian market, with this being the first signed agreement. The Asian market will be important for the company, and the company is working towards the signing of further agreements during the year.

“Our collaboration with ChargePanel marks an important milestone in our journey to redefine the future of e-mobility.  By combining our expertise and resources, we are committed to developing an innovative e-mobility solution that will have a transformative impact on our cities and the way people navigate through them. Together, Strateq and ChargePanel will harness the power of cutting-edge technology, data analytics, and sustainable design to create an integrated and user-centric e-mobility platform. This platform will provide users with access to a range of electric vehicles, charging infrastructure, and smart mobility services, all seamlessly interconnected to optimize convenience, efficiency, and environmental sustainability.” said Arasu Subramaniam, Director, Petrol Retail Solutions at Strateq.”

About Strateq

Established in 1983, Strateq is a leading technology enabler providing integrated solutions and services for a variety of industries, including healthcare, oil & gas, banking and financial services, telecommunications, energy & utilities, education, consumer goods, manufacturing, and the public sector. Strateq currently operates in Malaysia, China, Hong Kong, the Philippines, Singapore, Thailand, and the United States, with a global employee strength of over 600.

“The agreement marks an important milestone also for ChargePanel as it means that we are represented in Asia with our software. The agreement lays a good foundation for further expansion and Strateq feels like a very good partner to grow together with. I’m looking forward to further expanding our collaboration and learning more about the Asian market so that we can sign further agreements in the Asian market during the autumn.” – Peter Persson CEO ChargePanel AB (publ)

For further information, please contact:
Peter Persson, CEO, ChargePanel AB (publ)
Phone: +46 (0)8 120 325 01
The company’s Certified Adviser is Eminova Fondkommission

About ChargePanel AB (publ)

ChargePanel AB (publ.) 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 and Australia, 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.