EVOxCharge, Inc., an electric vehicle (EV) charging solution startup and a unit of Transnational Diversified Group, expects significant growth in the Philippines due to increasing EV adoption and stricter implementation of the Electric Vehicle Industry Development Act.

Key Goals and Projections:

• Long-Term Goal: To establish 1,000 charging stations in the next five years through partnerships and owned stations.
• Near-Term Expansion: It currently has 25 commercial charging stations and plans to add 100 more locations by year-end.
• User Growth: The company expects its user base to double to 500 this year, followed by an annual growth of at least 50% in the subsequent years.

The company, which supplies, operates, and maintains EV charging infrastructure, is bullish on the demand for its services. EVOxCharge Vice-President and General Manager Derrick John Tolentino also noted an interest in turning charging infrastructure into a revenue-generating asset through features like dynamic pricing and subscription models.

For now, the company’s focus is on market penetration over immediate revenue growth and it is actively exploring funding from clean energy funds to fuel its expansion. EVOxCharge also offers the EVOx mobile app and web platform for seamless digital payments, real-time location services, and back-end system monitoring.