ChargeX offers scrapping bonus for old charging stations

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The Munich-based start-up and SCE alumni team ChargeX offers a scrapping bonus for old charging stations to companies that want to expand their charging infrastructure. ChargeX offers the specially developed Aqueduct system for the conversion: a multiple socket for e-cars. On one mains connection, up to ten charging points lead to the outside - in contrast to the conventional method, which only allows one charging point per supply line.

"Electric" is becoming the big credo of future mobility concepts - according to an analysis by the Boston Consulting Group, battery-powered vehicles will account for a large proportion of new vehicles sold worldwide by 2035. Electric cars are therefore becoming more and more common, while at the same time the expansion of charging points is proceeding too slowly. Single stations that only allow one vehicle to plug in are a further obstacle. The consequences for companies must be honestly stated - singular stations will sooner or later reach their limits, and not all fleet vehicles and company and private cars of employees can be charged. As many charging points as possible, on the other hand, are a coming must. The Munich-based company ChargeX, a participant in Volkswagen AG's Future Mobility Incubator, is using a scrapping bonus to give the go-ahead to start expanding right now.

ChargeX offers its own specially developed Aqueduct system for the conversion: a multiple socket, as familiar from its own household, for e-cars. On one mains connection, up to ten charging points lead to the outside - in contrast to the conventional method, which only allows one charging point per supply line. The advantages are obvious: Optimal use of the existing one connection without new installation, but wider distribution and more demand-oriented charging using an app for charging current distribution. The scrapping premium takes effect when companies already want to ensure that in the future they will be seen as a trailblazer in e-mobility and a resource saver. The old charging station is removed, and at least four charging points are then installed. The old station will not be scrapped, but recycled in an ecologically sound manner. ChargeX reconditions the decommissioned equipment and makes it available for charging at single-family homes. If potential customers decide to take this route, ChargeX pays up to 1,000 euros in premiums for the switch. In addition, a KfW subsidy of up to 900 euros per charging point is possible. The big plus is that installation is child's play: Existing grid connections can be taken over one-to-one; extensive and financially burdensome new installation is unnecessary. In addition, first come, first served also applies to charging stations. In other words, switching now prevents supply bottlenecks and price increases for charging stations at a later date. Not to mention technicians booked up months in advance.

About ChargeX
ChargeX, based in Munich, Germany, produces a multi-outlet charging station for e-cars that makes it easy and efficient to charge many vehicles in one place. Since its founding in 2018, ChargeX has already installed over 3,000 charging points for customers throughout the DACH region. ChargeX was accepted into Volkswagen AG's in-house startup program "Future Mobility Incubator" in 2018.

Press contact:
Monika Schels
01575 8729546
monika.schels@chargex.de