EverCharge

EverCharge

Turnkey smart EV charging solutions

Overview

EverCharge provides turnkey smart EV charging solutions for fleets, apartments, and condominiums. Its SmartPower technology dynamically allocates power across multiple charging stations, optimizing energy use and helping avoid expensive electrical upgrades. Revenue comes from hardware sales, installation services, and ongoing managed services that include 24/7 support, electricity metering, and automated billing. What sets EverCharge apart is its focus on multi-family and fleet markets combined with a fully managed service model that makes it easy for property managers and fleet operators to offer EV charging without day-to-day hassles. The company’s goal is to expand EV adoption by delivering reliable, easy-to-manage charging infrastructure in urban settings where space and power constraints exist.

About EverCharge

Simplify's Rating
Why EverCharge is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Hardware

Industrial & Manufacturing

Energy

Enterprise Software

Company Size

51-200

Company Stage

Acquired

Total Funding

$9.6M

Headquarters

Palo Alto, California

Founded

2013

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Simplify's Take

What believers are saying

  • SK Group acquisition in 2022 provides multi-billion funding for expansion.
  • Avis Budget launched large-scale airport chargers at Houston IAH in 2023.
  • Siemens partnership builds US factories leveraging IRA incentives.

What critics are saying

  • ChargePoint's OCPP network matches SmartPower at lower costs by Q4 2025.
  • Siemens VersiCharge Blue captures fleet contracts from Texas factory in 2026.
  • FCC 2027 rules force SmartPower API openness, enabling client poaching.

What makes EverCharge unique

  • SmartPower dynamically allocates power across multiple circuits in real-time.
  • Wireless mesh network enables seamless communication without cloud dependency.
  • Increases charging stations up to 10x without electrical upgrades.

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Funding

Total Funding

$9.6M

Above

Industry Average

Funded Over

0 Rounds

Company News

TriplePundit
Mar 19th, 2025
The Time is (Still) Now for Fleet Electrification

The leading U.S. utility and power generation stakeholder American Electric Power has partnered with the Korean firm EverCharge to offer a solution.

Chosun Biz
Dec 24th, 2024
SK, Hyundai join forces to compete with Tesla in North American charging market

Earlier, EverCharge partnered with the Major League Baseball (MLB) team San Francisco Giants in March.

ForexTV
Mar 18th, 2024
EverCharge Wins Product of the Year by EC&M

EverCharge wins Product of the Year by EC&M.

Meticulous Research
Jun 16th, 2023
Growing Benefits of Battery Energy Storage Systems for EV Charging to Fuel the Battery Energy Storage Systems Market | Meticulous Market Research Pvt. Ltd.

For instance, in March 2023, EverCharge, Inc. (U.S.) partnered with PassKey Inc. (U.S.) (subsidiaries of SK Group) (South Korea) to develop a battery energy storage system (BESS) to supplement EverCharge’s electric vehicle charging stations.

GIE Media, Inc.
Apr 17th, 2023
EverCharge, PassKey developing battery energy storage systems to solve lack of sufficient energy at EV charging locations

EverCharge and PassKey, subsidiaries of SK Group, the South Korean conglomerate, are developing a Battery Energy Storage System (BESS) to supplement EverCharge’s electric vehicle (EV) charging stations.

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