AgeVolt aspires to disrupt electric car charging market

AgeVolt (Ján Zuštiak) develops charging stations for electric cars with dynamic power management, connected to buildings' energy management. It received the EU’s Seal of Excellence, a €1.2m investment from the state-run Slovak Investment Holding and a €1.8m grant from the Economy Ministry. IPM is helping it to expand abroad. A “global investment fund” seeks a €20m investment to help develop a digital currency to pay for power. It offers power distributors, such as ZSE, industrial companies and apartment buildings to smooth out their power consumption and thus save costs. It says cars plugged in most of the day would pay almost nothing for power.

(dennikN.sk)