Analysis of 3 Major Player in EV Charging Software Market

9 min read

Updated on 11/29/2024

Electric mobility is the smart choice. ChargePoint makes it the easy one, too. So easy that someone plugs into our network every 1 second. Since 2007, ChargePoint has focused solely on building the best electric vehicle (EV) charging experience for everyone involved in the shift to electric.

Item

Description

Company Name

ChargePoint

Website


www.chargepoint.com

Established Time

2007

Headquarters

US

Area Served

Mainly in North America, Europe

Contact Information

Tel: 1-408-841-4500

Add: 240 East Hacienda Avenue Campbell, CA 95008 USA

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The leading platform for EV charging:

Get complete control and rich insights with unified EV charging management software — all part of the ChargePoint® network.

Real-time visibility:

Get real-time visibility to better manage charging, including driver details, power use, energy costs, driver revenue and station status.

Complete control:

Set prices based on driver type, session length, energy cost and time of use, and remotely manage driver access for security and peace of mind.

Actionable reporting:

Leverage more than 35 prebuilt charts and reports to understand station usage, session fees, utility costs, station health, environmental impact and more.

Automate station management to reduce costs:

Built-in station software offers dynamic charging, proactive monitoring and full vehicle interoperability.

  • Reduce electricity costs by automatically managing and redistributing load across stations
  • Get rich, advanced diagnostics on station health to help improve uptime and usage
  • Ensure that any EV can charge seamlessly with any ChargePoint station

Connect systems with turnkey integrations:

Leverage the ChargePoint open API and more than 40 integrations to streamline data sharing across your organization. Connect all aspects of your charging program using one intuitive solution, including integrations with:

  • Building management systems
  • Distributed energy management systems
  • Consumer loyalty programs
  • Infotainment systems
  • Open Charge Point Protocol (OCPP)

Charge anywhere with the ChargePoint network:

Industry-leading roaming partnerships help simplify the driver experience.

  • Enable drivers to use third-party stations with their ChargePoint account
  • Ensure drivers from supported third-party networks can use public ChargePoint stations

Give drivers access to the leading EV charging app:

The top-rated ChargePoint mobile app connects drivers to stations so they can easily find a charge when they need it.

  • Help drivers find available stations and start charging:
  • Make special offers available to EV drivers
  • Collect data to better understand the driver experience
  • Provide an all-in-one app for charging at home, at work or in public
  • Allow drivers to reserve stations with the Waitlist feature and get notified when stations are available

See the ChargePoint software in action:

The ChargePoint platform empowers users to get complete control and rich insights so users can manage EV charging program with ease. Take a self-guided product tour to try ChargePoint for yourself.

ChargePoint’s value growth rate in the EV Charging Software Business from 2019 to 2024 demonstrates a significant upward trajectory. Starting at $21.42 million in 2019, ChargePoint’s value increased to $30.29 million in 2020, $42.47 million in 2021, $56.02 million in 2022, and reached $89.30 million in 2023, culminating in an estimated $132.67 million for 2024. This growth indicates a consistent expansion in the company’s revenue within the EV charging software market, reflecting a strong market presence and the effectiveness of their business strategies. The compound annual growth rate (CAGR) for this period showcases ChargePoint’s ability to capitalize on the growing demand for EV charging solutions, solidifying its position as a key player in the industry.

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The gross margin for ChargePoint has remained relatively stable and high over the years from 2019 to 2024. The gross margin started at 80.53% in 2019, slightly decreased to 78.48% in 2020, then increased to 80.57% in 2021, and continued to fluctuate slightly with 80.15% in 2022, 80.68% in 2023, and an increase to 81.48% in 2024. This indicates that despite market fluctuations, ChargePoint has maintained a strong grip on its operational efficiency and pricing strategy, ensuring a robust gross profit ratio throughout the period.

ChargePoint

2019

2020

2021

2022

2023

2024

Value (M USD)

21.42

30.29

42.47

56.02

89.30

132.67

Gross (M USD)

17.25

23.77

34.22

44.90

72.04

108.09

Gross Margin

80.53%

78.48%

80.57%

80.15%

80.68%

81.48%


EVgo, established in 2010 and headquartered in the US, is a leading provider of charging solutions, building and operating the necessary infrastructure and tools to facilitate the widespread adoption of electric vehicles. Since 2019, EVgo has been purchasing renewable energy certificates to match the electricity used in its network, and as one of the largest public fast-charging networks in the country, it owns and operates over 950 fast-charging locations, continually expanding its DC fast-charging stations across the US. The company accelerates transportation electrification through partnerships with automakers, fleet operators, rideshare services, retail hosts, and policy leaders, offering a suite of software products and services designed to provide a seamless charging experience for drivers.

Item

Description

Company Name

Evgo

Website


www.evgo.com

Established Time

2010

Headquarters

US

Area Served

Mainly in the United States

Contact Information

Tel: 310-954-2900

Add: 11835 W Olympic Blvd Suite 900e Los Angeles, CA 90064

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EVgo Optima™

SMART Charging Software

Managed Charging: uses real-time data to actively optimize the charging of fleet vehicles.

Intuitive Design: user-friendly interface provides fleet managers with easy access to the most important data.

Integrated Customer Service: seamless communication to ensure uptime and service level agreements are met.

EVgo Optima at a Glance:

Accessible

A User-friendly interface ensures accessibility of critical data

Optimized

Managed charging to support optimal charging decisions

Scalable

EVgo Optima is designed to grow alongside fleet

The Evgo’s value growth rate in the EV Charging Software Business from 2019 to 2024 illustrates a substantial increase in the company’s revenue over the years. Initially, in 2019, Evgo’s value stood at $3.93 million, which grew to $7.19 million in 2020, demonstrating an early but significant rise. The value continued to escalate, reaching $11.78 million in 2021 and $29.65 million in 2022, indicating a period of rapid expansion. The growth further accelerated, with Evgo’s value skyrocketing to $80.62 million in 2023, and an projected estimate of $181.74 million for 2024. This dramatic increase reflects the company’s aggressive market penetration and the success of its strategies in capturing a substantial share in the EV Charging Software industry, highlighting a Compound Annual Growth Rate (CAGR) that is notably high and indicative of the company’s robust performance and market leadership ambitions.

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The gross margin for Evgo has shown a slight variation over the years, starting at 75.10% in 2019 and then decreasing to 74.10% in 2020. It then increased to 76.79% in 2021, remained relatively stable at 76.54% in 2022, and slightly increased to 76.75% in 2023. By 2024, the gross margin is projected to be 76.31%. These figures suggest that Evgo has maintained a relatively consistent gross margin, with minor fluctuations, indicating a steady control over costs relative to revenue in the EV Charging Software Business.

Evgo

2019

2020

2021

2022

2023

2024

Value (M USD)

3.93

7.19

11.78

29.65

80.62

181.74

Gross (M USD)

2.95

5.33

9.04

22.70

61.87

138.69

Gross Margin

75.10%

74.10%

76.79%

76.54%

76.75%

76.31%

BP Pulse provides reliable and effortless electric charging wherever and whenever users need us. Changing the way you move, with rapid and ultra-fast charging for consumers and fleets.BP Pulse will help users charge on the go, at the workplace, or a destination.

Item

Description

Company Name

BP Pulse

Website


www.bppulse.co.uk

Established Time

2008

Headquarters

UK

Area Served

Mainly in Europe, America

Contact Information

Email: [email protected]

Add: 1 Saint James’s Square, London, England SW1Y 4LB, GB

BP Pulse EV Charging Software

Public charging

Convenient, fast, and reliable EV chargers to keep users going.

EV charging on the go:

Charging has never been simpler

bp pulse offers public charging stations across the US. Wherever users are, plug into fast and reliable chargers in accessible locations from coast to coast. Whether users commuting to work or driving cross country–just plug in, power up, and go with BP Pulses’ convenient charging and payment solutions.

Download the app​:

Download the bp pulse app today to locate and access bp pulse’s expanding network of ultrafast EV charging stations. ​​

Find a charger:

View the map to find an EV charger near users, see real-time availability, and link to maps for step-by-step navigation. ​

Get support:

Need help with one of BP Pulse’s chargers or have a question about the account? BP Pulse is here 24/7 for anything users need.

Download the app:

Plug in, power up, and go

Charging your electric vehicle has never been simpler with bp pulse. BP Pulse’s app provides a range of features to enhance the charging experience. Download the bp pulse app today to locate and access bp pulse’s expanding network of ultrafast EV charging stations. ​

Charge on the go:

Find a public charger

View the map to find a fast, reliable EV charger near users. Users can also download the app to see the real-time availability of the chargers and link to maps for step-by-step navigation. ​

Get support:

BP Pulse is on the pulse, 24/7

Need help using one of the chargers or have a question about the account? BP Pulse is here 24/7 for anything users need. Or get in touch via BP Pulse’s app.

BP Pulse’s value growth rate in the EV Charging Software Business from 2019 to 2024 presents a compelling narrative of the company’s financial progression. In 2019, BP Pulse initiated with a value of $15.44 million, which escalated to $20.32 million in 2020, indicating an early growth phase. The value continued to rise, reaching $31.46 million in 2021 and $52.63 million in 2022, reflecting a period of significant expansion. The growth trajectory further accelerated, with a substantial leap to $77.21 million in 2023, and an anticipated surge to $120.03 million for 2024. This substantial increase underscores BP Pulse’s aggressive expansion within the EV Charging Software market, demonstrating a robust growth strategy and effective market penetration, which has contributed to its notable rise in revenue over the years.

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The gross margin for BP Pulse has experienced minor fluctuations over the years, starting at 78.18% in 2019 and slightly decreasing to 76.23% in 2020. It then increased to 78.20% in 2021, remained relatively stable at 77.98% in 2022, and slightly increased to 78.69% in 2023. The projected gross margin for 2024 is 79.32%, indicating a slight upward trend. These figures suggest that BP Pulse has maintained a strong control over its costs relative to its revenue in the EV Charging Software Business, with the gross margin staying above 77% throughout the period, demonstrating consistent profitability and operational efficiency.

BP Pulse

2019

2020

2021

2022

2023

2024

Value (M USD)

15.44

20.32

31.46

52.63

77.21

120.03

Gross (M USD)

12.07

15.49

24.60

41.04

60.76

95.21

Gross Margin

78.18%

76.23%

78.20%

77.98%

78.69%

79.32%

Updated on 11/29/2024
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