Integration of the EV-charging media and app platform through acquisition of the EVsmart business
First written in FY2022-Q3. 2 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2023-Q2.
No other company in this theme has enough history to compare yet.
- FY2023-Q2AchievedAnnual report
「The Company also worked to further improve convenience for EV users by forming a partnership with e-Mobility Power and integrating the EVsmart and EV Charging Enechange charging-location search apps.」
The EVsmart business acquired in the previous fiscal year was integrated with the EV charging app operated by ENECHANGE. The integration of EV information search and EV charging services was advanced in concrete terms. - FY2022AchievedAnnual report
「By incorporating the EVsmart business into our EV charging business model through this acquisition, we expect an increase in the number of installations, the key KPI for the EV charging business, an improvement in ARPU, and the establishment of a foundation for providing new services.」
The acquisition of the EVsmart business was positioned as an initiative to incorporate it into the EV charging business, increase the number of installations and ARPU, and establish a foundation for new services. - FY2022-Q3First statedAnnual report
「The subject business was acquired on 31 October 2022. Through this acquisition, we acquired the proprietary assets that provide a competitive advantage, namely the EVsmart media and app, the largest-scale service in the EV industry. This enables us to provide an integrated service ranging from information through the web media to charging-spot information and charging payments through the app. We also aim to establish barriers to entry in the EV charging business by taking over the alliance framework with major automobile manufacturers. Consideration for the acquisition Cash: ¥300 million」
The EVsmart media and app were acquired for ¥300 million, with the aim of providing an integrated service combining web media, charging-spot information and charging payments. The initiative is intended to establish barriers to entry and an earnings base in the EV charging business by taking over alliances with major automobile manufacturers.