EVA is a startup spun off after being developed as an in-house venture of Samsung Electronics in 2018, and is providing a more convenient environment for using eco-friendly vehicles by innovatively replacing the existing electric vehicle charging infrastructure. The company introduced its core technology and vision to 18 investment reviewers in Korea by online at the domestic IR day of the 2020 Xinova Global Acceleration Program in Pangyo held at the Pangyo Startup Campus on September 24.

EVA’s CEO Lee Hoon said, “We need to expand the charging infrastructure to respond to the rapidly increasing demand for charging electric vehicles, but the fixed chargers that occupy parking spaces like now are receiving quite a lot of complaints from public parking lots. To solve the problem, we developed robotic and passive mobile solution with the concept of moving auxiliary battery.”

As CEO Lee Hoon explained, the biggest problem with the current fixed charger is “occupying the parking surface,” and to solve this problem, a mobile charging infrastructure is needed. To solve this problem, EVA began R&D an ESS-type charging infrastructure that minimizes the load on the power grid to facilitate infrastructure expansion. Adding to this, it has also developed a charging infrastructure that can be relocated to respond to the rapidly increasing demand for short-term charging needed during vacation time and in rest areas, and an eco-recycling charging infrastructure that can increase the reuse rate of used EV batteries. The electric vehicle charging solutions created through this R&D are the “automatic electric vehicle charging robot” and the “power reinforcement mobile electric vehicle charger.”

EVA is running its EV charging solution business by dividing the profit model into hardware sales, service provision, and recycle business. First of all, mobile electric vehicle charger hardware is being sold to B2B customers such as buildings and corporate shopping malls, and the electricity stored in ESS are being resold to B2C for charging electric vehicles. Along with this, they company is also running the business model that can increased the profit market share by receiving the EV batteries collected from local governments and recycling them.

In March, EVA was selected as the Xinova Global Acceleration Program in Pangyo project, a global startup promotion project promoted by Gyeonggi Province and Gyeonggido Business & Science Accelerator. Through this, EVA has been receiving support for office space and infrastructure prepared at Pangyo Technovalley Startup Campus for a year since last March, and also specialized programs such as education, mentoring, and networking for overseas expansion. With this, it is receiving the opportunity to participate in overseas IR/demo day.

EVA is located in Pangyo Technovalley, equipped with cutting-edge technologies and innovative support systems that will lead Industry 4.0, meeting its reputation as the innovation hub of Asia. According to the “2020 Pangyo Technovalley Resident Company Survey” conducted by Gyeonggido Business & Science Accelerator and Technology, the number of resident companies as of 2019 was 1,259, and about 93% of the resident companies were in high-tech industries such as IT, CT, BT, and NT. Among them, as startups related to future vehicles such as electric charging solutions and autonomous driving solutions like EVA are gathering the 2nd Pangyo Technovalley recently, Pangyo is attracting global attention as a specialized district for future vehicle solutions.