Today: December 8, 2023
Electric vehicles (EVs) have taken the world by storm, with more and more people opting for this eco-friendly mode of transportation. However, one of the biggest challenges with EVs is finding a reliable and convenient charging infrastructure. This is where Loop, a California-based startup, comes in. Loop provides end-to-end solutions for electric vehicle charging, making it easy and cost-effective for property owners and operators to offer this amenity to their tenants, colleagues, and customers. In this startup showcase, we will delve into the world of Loop and see how they are revolutionizing the electric vehicle charging industry.
Loop is not just a hardware or software provider; they offer a complete end-to-end solution for electric vehicle charging. From site plan design, engineering, installation, operation, and maintenance, Loop takes care of everything. This means that property owners and operators do not need to worry about the upfront capital expenditure or ongoing maintenance costs associated with installing and managing EV charging stations. Loop’s LaaS (Loop-as-a-Service) program enables site hosts to receive upgrades immediately, become cash positive from day one, and increase the value of their property without ever going out of pocket. This business model has made it easy for many businesses and property owners to implement EV charging infrastructure.
Loop’s EV charging stations are designed to meet the needs of a wide range of customers, including commercial and residential properties, as well as fleets. They offer Level 2 charging stations that can deliver up to 80 amps of power, enabling faster charging times. The company is also in the process of developing fast-charging stations, which will be capable of charging electric vehicles in just a few minutes.
Loop’s business model is revolutionary. The company does not charge upfront costs for the installation of EV charging stations. Instead, the cost is amortized over a fixed period based on the estimated revenue generated by the charging stations. This allows property owners and operators to benefit from a new revenue stream while providing a much-needed service to their customers. The cost of charging is set by the site host, giving them control over the charging rates and the ability to customize the service to their specific needs. This flexibility makes Loop’s solution ideal for businesses of all sizes.
Loop’s LaaS program has been a game-changer for many businesses. It has allowed them to implement EV charging infrastructure without any upfront costs and has provided them with a new revenue stream. The program has been particularly attractive to property owners and operators who are looking to increase the value of their property without taking on additional debt.
Loop is not just a company that is focused on making profits; they are also committed to making a positive impact on the environment. By enabling the widespread adoption of electric vehicles, Loop is helping to reduce carbon emissions and create a cleaner and more sustainable future. The company’s commitment to sustainability is evident in their product design, business model, and operations. For example, they use recycled materials in their products and have implemented a program to recycle old EV batteries.
Loop is a startup that is revolutionizing the electric vehicle charging industry. By offering end-to-end solutions and a unique business model, they are making it easy and cost-effective for property owners and operators to implement EV charging infrastructure. Their LaaS program has been particularly attractive to businesses that are looking to increase the value of their property without taking on additional debt. With their focus on sustainability and commitment to making a positive impact on the environment, Loop is a company that is worth watching.