IoTecha
Overview
IoTecha Corporation is a leading provider of comprehensive smart charging solutions for electric vehicles (EVs). Established to bridge the gap between transportation electrification and smart grid evolution, IoTecha integrates hardware, software, and cloud services to streamline the development and implementation of smart charging infrastructure. With headquarters in Cranbury, New Jersey, the company was co-founded by Oleg Logvinov, an industry veteran. IoTecha has been actively involved in advancing plug-and-charge technology and vehicle-to-grid (V2G) integration. The company has secured funding from major investors, including BP, and continues to innovate within the ever-evolving EV sector.
Recent Developments
- March 2024: IoTecha Corp was recognized by TIME Magazine as one of America’s Top GreenTech Companies 2024. This accolade acknowledges the company's commitment to environmental sustainability through its advanced EV charging solutions, particularly its IoT.ON™ platform which supports features like Plug and Charge and bidirectional smart charging.
- January 2024: During CES 2024, IoTecha showcased its advanced IoT.ON™ platform, which powers Mobilize’s new bidirectional AC charger. This event underlined IoTecha’s strength in providing interoperable and secure EV charging solutions.
- July 2024: IoTecha was awarded a NASPO ValuePoint® contract, enabling them to offer smart EV charging solutions to government agencies more efficiently. This strategic move facilitates the deployment of their advanced EV charging infrastructure nationwide.
- June 2024: The company was awarded a $27 million grant by the California Energy Commission for its REDWDS initiative. This project aims to expand grid-friendly EV charging infrastructure in California, prioritizing disadvantaged communities.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | Not publicly specified |
| Headquarters | Cranbury, New Jersey, United States |
| Founders | Oleg Logvinov |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | BP Ventures among others |
| Industry | Electric Vehicle Charging Solutions |
| Number of Employees | Not publicly disclosed |
Early History
IoTecha was established at the convergence of transportation electrification and smart grid technology development. Its inception focused on creating seamless integration between EVs and power grids, a pioneering vision that capitalized on the nascent EV market trends. The company's early focus was on developing robust software and hardware solutions that could be rapidly deployed. This strategy not only positioned IoTecha as a critical player in the EV charging ecosystem but also laid the groundwork for its future innovations in interoperability and communication protocols, such as ISO 15118, which play a pivotal role in EV and grid interactions.
Company Profile and Achievements
IoTecha operates at the forefront of the EV charging industry by providing a vertically integrated platform known as IoT.ON™, which combines cutting-edge hardware, software, and cloud components. This platform not only enables seamless communication between EVs and the grid but also supports bidirectional power flow capabilities, crucial for V2G applications.
- Key Products: IoTecha’s offerings include AC Level 2 EV charging stations, the Combined Charging System on Module (CCSoM), and the IoT.ON™ platform that supports Plug and Charge functionality.
- Major Collaborations: IoTecha has worked with various international stakeholders, including the Software République consortium in France, to produce innovative charging solutions like the Mobilize Powerbox.
- Industry Recognition: The company’s accolades include being named in TIME’s list of Top GreenTech Companies in 2024, emphasizing its commitment to sustainable technological advancements in the transport energy sector.
Current Operations and Market Position
Currently, IoTecha focuses on expanding its smart EV charging infrastructure globally. The company's strategic partnerships and technological innovations have made it a key player in the field of smart grid integration and EV charging solutions. Its market position is strengthened by its ability to offer advanced bidirectional charging solutions that enhance grid resilience and sustainability. IoTecha's cooperation with major companies like BP affirms its strategic impact and growing influence in the provision of smart energy solutions for the transportation sector.
Conclusion
IoTecha Corporation stands out in the EV charging and smart grid integration industry through its comprehensive and innovative solutions. Its focus on smart, sustainable, and integrated technologies positions it as a significant influencer in advancing the global shift towards electrified transportation. With continued investment in research and development, IoTecha's future trajectory seems promising, as it expands its technological reach and operational footprint to meet the rising global demand for efficient and environmentally-friendly energy solutions.