EcoG: integrated charging revolution

The e-mobility industry is growing at a staggering pace but in order to keep thriving, new challenges need to be tackled. Luckily Munich-based EcoG is coming to the rescue: thanks to their EcoG universal core (an IoT software) the company allows electric vehicle charger manufacturers to cut down on production times and costs, making green mobility an even more convenient option.

Eco- stands as much for ecological as it does for ecosystem, because that’s what the company’s about, and the -G is for enerGy. The name fully captures EcoG’s mission, as they seek to make the energy ecosystem of electric vehicles better, more integrated, more sustainable, and overall more valuable: “You need to be able to make good business with this. It needs to be profitable and make economic sense if this is to have an impact.”

“Mobility alone uses as much power as the complete electrical grid transfers today” explains Joerg Heuer, CEO & co-founder, underlining the scale of things, “we try to provide better integration of charging, towards the grid and for daily use”. The technology can be used by the charging industry for remote device management, by charger operators to increase their services utilization and offer rewards for usage, or by fleet operators to manage charging dispatch.

With six times as many EcoG-enabled charging stations as last year, the company is going from strength to strength, already exceeding 10% of market share according to the European Alternative Fuels Observatory, within two years of introducing the EcoG universal core to the market. In this rapid growth, and in pursuit of real impact, EcoG has been supported with an equity investment by EIF-backed Ananda Impact Ventures. “This partnership isn’t all about technology, but also about being meaningful. We’ve been asking ourselves what is a sustainable way to move forward? We started to look at KPIs in terms of change to the carbon footprint that our technology brings to the market for example”.