FreeWire Technologies has announced it has acquired Mobilyze.ai, a platform that uses artificial intelligence to help site hosts strategically place fast-charging stations to maximise their return on investment.
FreeWire Technologies is a leader in ultra-fast electric vehicle (EV) charging and energy management solutions solving grid infrastructure constraints and supporting the global transition to electric vehicles. FreeWire’s network of battery-integrated Boost Chargers transform the way energy is distributed and bridges the gap from legacy infrastructure to future technology.
Mobilyze.ai’s EV charging analytics and prediction platform add powerful capabilities to FreeWire’s suite of service offerings to help site hosts make data-driven decisions regarding charging station deployment. The Mobilyze.ai integration will give FreeWire customers more resources to meet their business objectives and support the rapid buildout of charging infrastructure worldwide.
Over 180,000 public fast charging stations will be required to support 26 million EVs on the road in the US by 2030. Currently, there is a gap between EV sales and the infrastructure needed to support them and that gap is projected to get wider with time.
Site hosts are eager to meet the infrastructure demand but in many cases lack the resources to know where to place ultrafast chargers to maximise utilisation and achieve the necessary return on investment. With the Mobilyze.ai integration, FreeWire customers will be given data-driven recommendations on charger placement to meet their business goals.
Hopefully, this technology will help to speed up the distribution of electric vehicle infrastructure in the US. With more infrastructure available, this should also help to convince more motorists to make the transition to zero emissions electric vehicles.
Nate Rosenbloom, Senior Director of Product Management at FreeWire, said: “This acquisition will give FreeWire customers an important tool in their decision-making process regarding infrastructure placement which ultimately has a big impact on their ROI.
“FreeWire and the Mobilyze.ai team share a common vision to facilitate the quick and efficient deployment of Boost Chargers and we’re proud to make them a part of the FreeWire team.”
As part of the acquisition, Mobilyze.ai’s founders, David Keith and James Long, are joining FreeWire’s product management team. Keith and Long have worked with Urban-X, Mini, Toyota, BGE, and NYSERDA to advise on EV charging station deployment to date.
Their expertise stems from the Massachusetts Institute of Technology (MIT) and the automotive industry where they saw the need for location analytics in charging infrastructure.
David Keith, co-founder of Mobilyze.ai, said: “Determining optimal locations for public EV charging stations to ensure profitability is extremely difficult today.
“Bringing Mobilyze.ai into FreeWire’s suite of services offerings will make it easier for site hosts to forecast site utilisation in this rapidly changing transportation market and will provide peace of mind that they are addressing customer demand.”
Back in October, FreeWire Technologies and Patriot Capital Corporation announced a vendor financing partnership for its flagship Boost Charger. By funding 100 per cent of the project cost through a simple application process and tapping into attractive federal and state incentive programs, the two companies will provide retail customers with the ability to deploy EV charging equipment in a turnkey way.