Teq Charging

Today there are over half a million electric vehicles, or EVs, on US roads, and that number continues to grow exponentially. However, there are only 15 thousand publicly available EV chargers, and that number is not seeing nearly the same growth. The reasons for this deficit are 1) the high cost of infrastructure and installation, and 2) the minimal returns of managing chargers. TEQ Charging, or The Electric Queue is here to change that. First, with our cloud-based power management platform, we give much less expensive ‘dumb’ chargers smart functionality. Second, we allow more cars to plug in than there is available power to serve, queuing the power from one car to the next throughout the day, optimized based on requested departure time. This results in a 4-6x increase in the number of cars charged per day without having to pay potentially hundreds of thousands to expand panel space. For the drivers, this means no more missed events because the person in front of them didn’t move their car on time. For the properties, this means they can turn what previously would have been a cost center into a revenue generating hub.