The Singapore startup QuickCharge wants to offer electric vehicle (EV) users fast charging solutions right on their doorstep.
Launched in June this year, they claim to be the first electric car dealer and service provider in the country with a unique “Charge & Earn” program.
Her affiliate automotive company Hong Seh Motors is a seller of electric passenger and commercial vehicles and motorcycles. They chose this concept because they noticed the “chicken and egg problem” where the lack of available EV chargers prevents interested customers from actually completing their EV purchases.
This is because the Singapore government is introducing several incentives to encourage the adoption of electric vehicles in the country. Different brands have followed suit and more electric vehicles are being launched, but consumers are still not switching.
Locals are still not enthusiastic about the switch from gasoline vehicles to electric vehicles, in part due to the cost of electric vehicles and fears that charging is inadequate. Therefore, the need for charging infrastructure is quickly becoming urgent.
Turn owners of EV chargers into “energy traders”
QuickCharge developed the “Charge & Earn” service to encourage public participation in building the EV community’s charging infrastructure.
QuickCharge mobile app / Photo credit: QuickCharge
This novel program allows almost anyone to buy and install EV chargers on their property and earn passive income by selling energy to EV users. Charging point operators (CPOs) can adapt the power or speed, the charging rate (price per kilowatt) and the charging availability of their EV chargers to their needs. EV drivers can find charging points using the soon-to-be-released QuickCharge app.
CPOs can adjust the rate of charge, which can vary as some property owners may have solar panels or other renewable charging sources that affect the basic cost of energy. There is still no regulatory standardization of fees for the app, but it is possible that regulations will be complied with in the future.
QuickCharge primarily targets shopping malls, country clubs, hotels, and commercial buildings as CPOs. However, anyone with the space can also buy chargers from the company and sell energy to all EV users.
QuickCharge’s Aurora 7/22 installed in a customer’s home / Image source: QuickCharge
To date, over 30 users have installed QuickCharge EV chargers for both personal and commercial use in their own premises, such as for fleets of commercial electric vehicles.
Leslie Yap, 33, a sales consultant at QuickCharge, has sold six chargers in the past two months.
“Shipping of Tesla cars has recently been delayed, but as those shipments pick up, we’re seeing our sales rise too,” said Leslie, who now has nine chargers in the pipeline.
Offer a range of EV chargers for residential to commercial applications
To date, QuickCharge offers seven different EV chargers priced between S $ 1,500 and S $ 14,990.
The KHONS 1 Phase and KHONS 3 Phase are two of the company’s first EMA Technical Reference 25 compliant portable chargers for on-the-go charging. The Aurora 7/22 is a compact AC wall charger that is suitable for overnight charging in the living area. Your flagship DC fast charger Venus 30 is suitable for private and commercial use.
QuickCharge sales advisor Leslie Yap with the Venus 30 / Image source: QuickCharge
Their more expensive larger models include the Jupiter 60 AC / DC charger, which is similar to what gas stations offer; and the Titan 180, a high-performance DC charger suitable for kiosks and shops with heavy electric vehicles.
All chargers are compatible with both Type 2 and CCS2 connectors for all EV models, including commercial models, as well as niche Japanese electric cars like the Nissan Leaf which uses a CHAdeMO connector. If necessary, owners can even request the CHAdeMO connector.
The full range of products was developed in collaboration with China’s leading EV charger manufacturer, StarCharge. Interestingly enough, StarCharge is also the Original Equipment Manufacturer (OEM) for well-known automotive companies such as Porche, Audi and BMW.
Who can own these EV chargers and potentially make a profit?
According to current regulations, all EV chargers must be installed by a licensed electrician.
Individuals can own a charger even if they live in a condominium, but they require prior approval from the MCST. On the other hand, private landowners can own an EV charger on their property without obtaining a permit.
Likewise, individual owners of condominiums can make a profit by selling energy via “Charge & Earn” if certain conditions are met. For example, who gets the winnings depends on the system the owner signs up for.
There are several schemes in terms of ownership of the company’s chargers. These include full payment programs, installment payments, 50-50 investments (CaPex) and zero percent CaPex.
The net profit will be divided according to the chosen scheme.
There is also no limit to the number of chargers a person or business can own. However, a building’s power supply and grid system can limit the amount of electricity that can be delivered to all charging stations within the building.
“Currently, Housing Development Board (HDB) homeowners cannot buy or install our products in their settlements. Public parking spaces are advertised by the Urban Redevelopment Authority (URA) and the Land Transport Authority (LTA), ”Lindy clarified.
Electric vehicle owners living in HDB apartments can continue to use the company’s services by finding the closest QuickCharge stations through their mobile app.
LTA’s new grant could bring QuickCharge to more condos
For home users, Lindy Lee, vice general manager of QuickCharge said that installing EV chargers in private country homes is much easier and less complicated than installing it in non-landed private residences (NLPRs) such as condominiums and residences.
Installation in condominium parking lots is a lengthy process that requires prior approval from the Management Corporation Strata Title (MSCT) held at annual general meetings (AGM) with the committee.
However, condo owners may soon see more electric chargers in their parking lots. The LTA launched the Electric Vehicle Common Charger Grant (ECCG) on July 29, 2021 to promote the installation of shared EV chargers in NLPRs. To date, QuickCharge is one of the few EV charger providers in Singapore that is eligible for the LTA ECCG.
EV chargers installed in the parking lot of a residential complex / Image source: QuickCharge
As an early adopter incentive, the EBVG will co-fund the cost of installing 2,000 EV chargers to NLPRs, which make up a significant proportion of Singapore’s residences. This will greatly improve the provision and access to chargers as well as the overall coverage of Singapore’s national EV charging network.
The grant covers up to 50 percent of the charging system with an upper limit of S $ 4,000 per charger; 50 percent of the fees for licensed electrical workers; and 50 percent of the wiring and installation work, which is limited to S $ 1,000.
The local government announced a target to provide 60,000 charging points for electric vehicles by 2030, of which 20,000 will be on private land and 40,000 in public parking lots.
Applications for the EBVG have been possible since July 29, 2021. However, this grant will only be made available until December 31, 2023 or until 2,000 chargers have been co-funded, whichever comes first.
HDB owners, like private property owners, are not entitled to the LTA-EVCG, which only applies to NLPRs.
Smart chargers and their operators must meet certain criteria before they can be approved by the LTA.
More EV chargers in the pipeline
QuickCharge will introduce its new advanced high capacity charging system Nova 360. This DC charger offers greater scalability with up to six charging points per cabinet and is suitable, for example, for commercial use in depots.
Nova 360 / Photo credit: QuickCharge
The team is heavily involved in conducting regular market research and surveys to better understand the needs of its users. They hope to reach more users beyond the confines of electric cars, including more electric vans, trucks, trucks, and buses.
With a team of six sales advisors – and the trend is rising – QuickCharge wants to expand its range of products and services and be Singapore’s one-stop solution for charging electric vehicles.
It will be very exciting to see how QuickCharge’s “Charge & Earn” program develops for users when their mobile app is ready.
Electric vehicles is an important pillar of content for Vulcan Post. You can find the rest of our EV coverage here.
Highlighted Image Source: QuickCharge
Also Read: Why Some S’poreans Still Say No To Electric Vehicles Despite Government Plans To Phase Out ICE By 2040