Charging as a Service - Company Evaluation Report, 2025
Description
The Charging as a Service Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Charging as a Service. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 120 companies, of which the Top 12 Charging as a Service Companies were categorized and recognized as the quadrant leaders.
Charging as a Service (CaaS) is a business model that provides electric vehicle (EV) charging infrastructure and energy management services through subscription-based or revenue-sharing arrangements. This approach eliminates the need for end users—such as fleet operators, municipalities, businesses, and charging point operators—to make large upfront investments or manage ongoing system maintenance. By outsourcing installation, upkeep, and energy optimization to specialized service providers, CaaS ensures efficient operation while supporting the integration of renewable energy and advanced grid management strategies.
For businesses, offering on-site EV charging stations near their premises can serve as a powerful customer attraction tool—particularly for EV drivers seeking convenient charging options. A smooth and reliable charging experience not only encourages repeat visits but also strengthens customer loyalty. Additionally, longer dwell times during charging increase foot traffic and open up opportunities for added revenue, especially in the retail and hospitality sectors.
The 360 Quadrant maps the Charging as a Service companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Charging as a Service quadrant. The top criteria for product footprint evaluation included Charger type (AC chargers and DC chargers), end use (semi-public charging setup and public charging setup), and fleet service type (company vehicles and motor pools, delivery and logistics, passenger fleets).
Key Players:
Some of the prominent players are ChargePoint, Inc. (US), Tesla (US), TGOOD Global Ltd. (China), ENGIE (France), and State Grid Corporation of China (China). These players are increasingly focusing on product launches and enhancements, investments, partnerships, collaborations, joint ventures, funding, acquisitions, expansions, agreements, sales contracts, and alliances to strengthen their presence in the global market.
Top 3 Companies
Tesla
Tesla is a global leader in the production of electric vehicles (EVs) and energy generation and storage solutions. The company designs, develops, and manufactures high-performance, fully electric vehicles, along with a comprehensive EV charging infrastructure that includes its proprietary Supercharger network. Tesla operates a direct-to-consumer sales model and has established an extensive global network of customer touchpoints, including showrooms, service centers, mobile service units, body shops, Supercharger stations, and destination chargers. As of September 2024, Tesla’s charging network spanned 40 countries—including the U.S., Canada, Germany, France, China, Japan, Australia, and the U.K.—comprising 6,706 Supercharger stations, 62,421 Supercharger connectors, and more than 40,000 Level 2 Wall Connectors.
Virta Global
Virta Global offers a comprehensive digital platform for managing EV charging networks, energy services, and multi-market charging operations. The platform is utilized by over 1,000 businesses across various sectors, including retail, hospitality, real estate, parking, fuel retail, automotive, and energy. These partners manage more than 120,000 EV chargers across 35 countries through the “Connected to Virta” network. With roaming agreements, Virta provides access to over 620,000 charging points in 65 countries. The company’s turnkey solution includes pre-configured charging stations that require no on-site software expertise. Its cloud-based management system, Virta Hub, delivers secure remote operations, energy optimization, seamless payment processing, firmware updates, and 24/7 customer support. As of December 2024, Virta employed over 250 professionals globally.
TotalEnergies
TotalEnergies is actively expanding its presence in electric mobility through strategic investments in EV charging infrastructure and the establishment of its dedicated EV Charge business unit in 2019. Leveraging its broad customer base and international network, TotalEnergies aims to become a major player in the global EV charging market. The company offers an integrated suite of charging solutions, including a growing network of high-power public charging stations, support for municipalities in developing public infrastructure, residential charging solutions, and corporate fleet charging management. In Europe, TotalEnergies plans to equip 500 service stations with EV charging capabilities. Additionally, the TotalEnergies Card enables access to over 150,000 partner charging points across the continent, offering convenient recharging for business travelers.
Charging as a Service (CaaS) is a business model that provides electric vehicle (EV) charging infrastructure and energy management services through subscription-based or revenue-sharing arrangements. This approach eliminates the need for end users—such as fleet operators, municipalities, businesses, and charging point operators—to make large upfront investments or manage ongoing system maintenance. By outsourcing installation, upkeep, and energy optimization to specialized service providers, CaaS ensures efficient operation while supporting the integration of renewable energy and advanced grid management strategies.
For businesses, offering on-site EV charging stations near their premises can serve as a powerful customer attraction tool—particularly for EV drivers seeking convenient charging options. A smooth and reliable charging experience not only encourages repeat visits but also strengthens customer loyalty. Additionally, longer dwell times during charging increase foot traffic and open up opportunities for added revenue, especially in the retail and hospitality sectors.
The 360 Quadrant maps the Charging as a Service companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Charging as a Service quadrant. The top criteria for product footprint evaluation included Charger type (AC chargers and DC chargers), end use (semi-public charging setup and public charging setup), and fleet service type (company vehicles and motor pools, delivery and logistics, passenger fleets).
Key Players:
Some of the prominent players are ChargePoint, Inc. (US), Tesla (US), TGOOD Global Ltd. (China), ENGIE (France), and State Grid Corporation of China (China). These players are increasingly focusing on product launches and enhancements, investments, partnerships, collaborations, joint ventures, funding, acquisitions, expansions, agreements, sales contracts, and alliances to strengthen their presence in the global market.
Top 3 Companies
Tesla
Tesla is a global leader in the production of electric vehicles (EVs) and energy generation and storage solutions. The company designs, develops, and manufactures high-performance, fully electric vehicles, along with a comprehensive EV charging infrastructure that includes its proprietary Supercharger network. Tesla operates a direct-to-consumer sales model and has established an extensive global network of customer touchpoints, including showrooms, service centers, mobile service units, body shops, Supercharger stations, and destination chargers. As of September 2024, Tesla’s charging network spanned 40 countries—including the U.S., Canada, Germany, France, China, Japan, Australia, and the U.K.—comprising 6,706 Supercharger stations, 62,421 Supercharger connectors, and more than 40,000 Level 2 Wall Connectors.
Virta Global
Virta Global offers a comprehensive digital platform for managing EV charging networks, energy services, and multi-market charging operations. The platform is utilized by over 1,000 businesses across various sectors, including retail, hospitality, real estate, parking, fuel retail, automotive, and energy. These partners manage more than 120,000 EV chargers across 35 countries through the “Connected to Virta” network. With roaming agreements, Virta provides access to over 620,000 charging points in 65 countries. The company’s turnkey solution includes pre-configured charging stations that require no on-site software expertise. Its cloud-based management system, Virta Hub, delivers secure remote operations, energy optimization, seamless payment processing, firmware updates, and 24/7 customer support. As of December 2024, Virta employed over 250 professionals globally.
TotalEnergies
TotalEnergies is actively expanding its presence in electric mobility through strategic investments in EV charging infrastructure and the establishment of its dedicated EV Charge business unit in 2019. Leveraging its broad customer base and international network, TotalEnergies aims to become a major player in the global EV charging market. The company offers an integrated suite of charging solutions, including a growing network of high-power public charging stations, support for municipalities in developing public infrastructure, residential charging solutions, and corporate fleet charging management. In Europe, TotalEnergies plans to equip 500 service stations with EV charging capabilities. Additionally, the TotalEnergies Card enables access to over 150,000 partner charging points across the continent, offering convenient recharging for business travelers.
Table of Contents
192 Pages
- 1 Introduction
- 1.1 Market Definition
- 1.2 Stakeholders
- 2 Executive Summary
- 3 Market Overview
- 3.1 Introduction
- 3.2 Market Dynamics
- 3.2.1 Drivers
- 3.2.1.1 Minimal Upfront Costs
- 3.2.1.2 Rapid Ev Adoption
- 3.2.1.3 Favorable Government Initiatives
- 3.2.1.4 Collaborations Between Local Companies And Large
- Charge Point Operators
- 3.2.1.5 Rise In Public-private Partnerships For Charging Infrastructure
- 3.2.2 Restraints
- 3.2.2.1 Grid Capacity Constraints
- 3.2.3 Opportunities
- 3.2.3.1 Need For Shared Charging Solutions In Multi-unit Dwellings
- 3.2.3.2 Integration Of Renewable Sources
- 3.2.3.3 Trend Of Corporate And Fleet Electrification
- 3.2.4 Challenges
- 3.2.4.1 Lack Of Standardization And Protocols
- 3.2.4.2 Cybersecurity Risks
- 3.3 Trends And Disruptions Impacting Consumer Business
- 3.4 Ecosystem Analysis
- 3.5 Value Chain Analysis
- 3.6 Insights On Ev Charging Plans By Charging Point Operators
- 3.7 Business Models
- 3.7.1 Subscription Service
- 3.7.2 Private Partnership
- 3.8 Roi Of Ac 22 Kw Ev Charging Station Setup And Operation
- 3.9 Impact Of Integration Of Renewable Energy In Ev Charging Stations On Charge Point Operators
- 3.10 Patent Analysis
- 3.11 Impact Of Ai/Gen Ai
- 3.12 Technology Analysis
- 3.12.1 Key Technologies
- 3.12.1.1 Ultra-fast Charging
- 3.12.1.2 Smart Charging System
- 3.12.1.3 Wireless Power Transfer
- 3.12.1.4 Bidirectional Charger
- 3.12.1.5 Megawatt Charging System
- 3.12.2 Complementary Technologies
- 3.12.2.1 Iot-enabled Ev Charging Station
- 3.12.2.2 Crypto & Blockchain-based Charging Payment
- 3.12.3 Adjacent Technologies
- 3.12.3.1 Plug-and-play Charging
- 3.12.3.2 Overhead Charging Or Pantograph Charging
- 3.12.3.3 Autonomous Ev Charging
- 3.12.3.4 Robotic And Mobile Charging Unit
- 3.13 Key Conferences And Events, 2025–2026
- 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Key Player Strategies/Right To Win, 2021–2024
- 4.3 Market Share Analysis, 2024
- 4.4 Revenue Analysis, 2019–2023
- 4.5 Company Valuation And Financial Metrics
- 4.6 Brand/Product Comparison
- 4.7 Company Evaluation Matrix: Key Players, 2024
- 4.7.1 Stars
- 4.7.2 Emerging Leaders
- 4.7.3 Pervasive Players
- 4.7.4 Participants
- 4.7.5 Company Footprint
- 4.7.5.1 Company Footprint
- 4.7.5.2 Region Footprint
- 4.7.5.3 End Use Footprint
- 4.7.5.4 Charger Type Footprint
- 4.8 Company Evaluation Matrix: Start-ups/Smes, 2024
- 4.8.1 Progressive Companies
- 4.8.2 Responsive Companies
- 4.8.3 Dynamic Companies
- 4.8.4 Starting Blocks
- 4.8.5 Competitive Benchmarking
- 4.8.5.1 List Of Start-ups/Smes
- 4.8.5.2 Competitive Benchmarking Of Start-ups/Smes
- 4.9 Competitive Scenario
- 4.9.1 Product/Service Launches
- 4.9.2 Deals
- 4.9.3 Others
- 5 Company Profiles
- 5.1 Key Players
- 5.1.1 Chargepoint, Inc.
- 5.1.1.1 Business Overview
- 5.1.1.2 Business Model Analysis
- 5.1.1.2.1 Hardware Sales
- 5.1.1.2.2 Networked Subscription Services
- 5.1.1.2.3 Charging As A Service & Fleet Solutions
- 5.1.1.2.4 Transaction Revenue (Pay-per-use)
- 5.1.1.2.5 Energy Management & Grid Services
- 5.1.1.3 Chargepoint Essential Cloud Plan
- 5.1.1.4 Services Offered
- 5.1.1.5 Recent Developments
- 5.1.1.5.1 Product/Service Launches
- 5.1.1.5.2 Deals
- 5.1.1.5.3 Expansions
- 5.1.1.6 Mnm View
- 5.1.1.6.1 Key Strengths
- 5.1.1.6.2 Strategic Choices
- 5.1.1.6.3 Weaknesses And Competitive Threats
- 5.1.2 Tesla
- 5.1.2.1 Business Overview
- 5.1.2.2 Tesla V3 Vs. V4 Superchargers
- 5.1.2.3 Tesla’s Upcoming Plans Of Nacs
- 5.1.2.4 Business Model Analysis
- 5.1.2.5 Services Offered
- 5.1.2.6 Recent Developments
- 5.1.2.6.1 Product/Service Launches
- 5.1.2.6.2 Deals
- 5.1.2.6.3 Expansions
- 5.1.2.6.4 Others
- 5.1.2.7 Mnm View
- 5.1.2.7.1 Key Strengths
- 5.1.2.7.2 Strategic Choices
- 5.1.2.7.3 Weaknesses And Competitive Threats
- 5.1.3 Tgood Global Ltd.
- 5.1.3.1 Business Overview
- 5.1.3.2 Business Model Analysis
- 5.1.3.3 Tgood Microgrid System
- 5.1.3.4 Tgood Stereo Garage Charging System
- 5.1.3.5 Services Offered
- 5.1.3.6 Recent Developments
- 5.1.3.6.1 Deals
- 5.1.3.7 Mnm View
- 5.1.3.7.1 Key Strengths
- 5.1.3.7.2 Strategic Choices
- 5.1.3.7.3 Weaknesses And Competitive Threats
- 5.1.4 Engie
- 5.1.4.1 Business Overview
- 5.1.4.2 Business Model Analysis
- 5.1.4.3 Evbox Care
- 5.1.4.4 Engie As E-mobility Service Provider
- 5.1.4.5 Services Offered
- 5.1.4.6 Recent Developments
- 5.1.4.6.1 Product/Service Launches
- 5.1.4.6.2 Deals
- 5.1.4.6.3 Expansions
- 5.1.4.6.4 Others
- 5.1.4.7 Mnm View
- 5.1.4.7.1 Key Strengths
- 5.1.4.7.2 Strategic Choices
- 5.1.4.7.3 Weaknesses And Competitive Threats
- 5.1.5 State Grid Corporation Of China
- 5.1.5.1 Business Overview
- 5.1.5.2 Business Model Analysis
- 5.1.5.3 Largest State-owned Charging Network Across China
- 5.1.5.4 Recent Developments
- 5.1.5.4.1 Product/Service Launches
- 5.1.5.4.2 Deals
- 5.1.5.4.3 Expansions
- 5.1.5.5 Mnm View
- 5.1.5.5.1 Key Strengths
- 5.1.5.5.2 Strategic Choices
- 5.1.5.5.3 Weaknesses And Competitive Threats
- 5.1.6 Starcharge
- 5.1.6.1 Business Overview
- 5.1.6.2 Services Offered
- 5.1.6.3 Recent Developments
- 5.1.6.3.1 Deals
- 5.1.6.3.2 Others
- 5.1.7 Shell Plc
- 5.1.7.1 Business Overview
- 5.1.7.2 Services Offered
- 5.1.7.3 Recent Developments
- 5.1.7.3.1 Deals
- 5.1.7.3.2 Expansions
- 5.1.7.3.3 Others
- 5.1.8 Bp P.L.C.
- 5.1.8.1 Business Overview
- 5.1.8.2 Services Offered
- 5.1.8.3 Recent Developments
- 5.1.8.3.1 Deals
- 5.1.8.3.2 Expansions
- 5.1.8.3.3 Others
- 5.1.9 Totalenergies
- 5.1.9.1 Business Overview
- 5.1.9.2 Services Offered
- 5.1.9.3 Recent Developments
- 5.1.9.3.1 Product/Service Launches
- 5.1.9.3.2 Deals
- 5.1.9.3.3 Expansions
- 5.1.9.3.4 Others
- 5.1.10 Enel X S.R.L.
- 5.1.10.1 Business Overview
- 5.1.10.2 Services Offered
- 5.1.10.3 Recent Developments
- 5.1.10.3.1 Deals
- 5.1.10.3.2 Expansions
- 5.1.10.3.3 Others
- 5.1.11 Virta Global
- 5.1.11.1 Business Overview
- 5.1.11.2 Services Offered
- 5.1.11.3 Recent Developments
- 5.1.11.3.1 Deals
- 5.1.11.3.2 Others
- 5.1.12 Allego B.V.
- 5.1.12.1 Business Overview
- 5.1.12.2 Services Offered
- 5.1.12.3 Recent Developments
- 5.1.12.3.1 Deals
- 5.1.12.3.2 Expansions
- 5.1.12.3.3 Others
- 5.2 Other Players
- 5.2.1 Plentitude
- 5.2.2 Threeforce
- 5.2.3 Mer
- 5.2.4 Powerdot
- 5.2.5 Electrify America
- 5.2.6 Evgo Services Llc
- 5.2.7 Ev Connect
- 5.2.8 Vattenfall Ab
- 5.2.9 Freshmile
- 5.2.10 Blink Charging Co.
- 5.2.11 Powerflex
- 5.2.12 Opconnect
- 5.2.13 Flo Services Usa Inc.
- 6 Appendix
- 6.1 Research Methodology
- 6.1.1 Research Data
- 6.1.1.1 Secondary Data
- 6.1.1.2 Primary Data
- 6.1.2 Research Assumptions
- 6.1.3 Research Limitations
- 6.1.4 Risk Analysis
- 6.2 Company Evaluation Matrix: Methodology
- 6.3 Author Details
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