PowandGo, the “Air BnB” of Electric Charging, Launches Equity Crowdfunding on Opstart

One of the challenges for the spread of electric vehicles is the concern related to charging while traveling: drivers fear running out of energy while traveling and having to spend precious time searching for an available charging station.

PowandGo is an innovative startup, founded by Fabio De Nardi and Alessio Troilo , which aims to make electric vehicle charging more accessible, convenient and sustainable for everyone.

It is a digital charge sharing platform: the portal allows owners of private charging points to share their infrastructure with other people, thus generating extra income.

Through an intuitive application, users can easily find and book cheap and convenient charging stations, optimizing charging times and significantly reducing costs.

The crowdfunding campaign on Opstart

The company has launched an equity crowdfunding campaign on the Opstart platform, with the aim of raising up to 450,000 euros.

The pre-money valuation of PowandGo is 4.5 million, but, for the first investors in the campaign, until the subscriptions reach 150,000€, it will be possible to purchase the company’s shares with a discount of 55.56% at a pre-money valuation of 2 million.

The campaign, which started on October 7, has raised over 120 thousand euros to date.

PowandGo, the Air BnB of electric charging

PowandGo is an innovative solution for electric vehicle owners.

But it is also true for private charging station operators who can benefit from a revenue model based on the sale of energy, increasing their visibility on the portal’s maps and thus attracting a greater number of electric vehicle owners.

In addition to the digital platform, the company has also created a wide range of accessory products.

Powandgo charging stations allow drivers to activate and use charging points independently. A universal communication device enables real-time management of any third-party charging station.

Finally, the PowandGo smart plug enables intelligent charging via standard household sockets.

Partnerships to increase functionality and added value

To strengthen its offering and create an integrated ecosystem in the electric mobility sector, PowandGo has also established strategic relationships with key partners.

The partnership with Tariffe EV allows us to provide users with a complete mapping of public and private charging stations, allowing for a transparent comparison of prices.

Thanks to the collaboration with Ali Energia and Tua Energia , the company optimizes its charging network by integrating existing infrastructure and creating new revenue opportunities for private station owners.

In addition, the partnership with Uose , an innovative social network and e-commerce, allows users to combine charging booking with other commercial services in a single platform. By integrating Uose’s features, Powandgo users can access the business pages of different companies and obtain additional services.

Finally, thanks to Green-go, the company benefits from a vast network of installers for the implementation of photovoltaic systems and charging stations, ensuring a high-quality installation and maintenance service and facilitating access to government incentives for its customers.

__

(Featured image by Eren Goldman via Unsplash)

DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.

This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.

First published in Crowdfunding buzz. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

Although we made reasonable efforts to provide accurate translations, some parts may be incorrect. Born2Invest assumes no responsibility for errors, omissions or ambiguities in the translations provided on this website. Any person or entity relying on translated content does so at their own risk. Born2Invest is not responsible for losses caused by such reliance on the accuracy or reliability of translated information. If you wish to report an error or inaccuracy in the translation, we encourage you to contact us