EV charging solution eDRV recently announced it closed a seed funding round. Bhaskar Deol, co-founder and CEO of eDRV, joined Cheddar News to explain how his company helps to launch and manage charging networks.

Closing Bell

eDRV Offers EV Charging Management Solution

Dr is an EV charging management solution. It recently announced that it closed a seed funding round led by automotive ventures. This startup says its software platform helps charging charging providers quickly design launch and these charging networks now we drive is used at more than 7500 charging networks around the world. It also says that it helps them to deliver more customized charging experiences. Joining us right now is Bhaskar Dola, He is the co founder and Ceo of the Drive, Welcome to the show, Bhaskar, thanks for having me. So how do your apps help companies operate and launch e V charging networks? That's a great question. So, you know, if you look at some of the mature industries like telecoms or you know, finance, what you've seen is the emergence of A P. I LED platforms that make it easy to develop customize ations, making apps just you know, focusing on the customer experience that wants to offer without getting into the weeds of how the plumbing works, what is doing is bringing the same approach to the E V charging industry? So essentially you can think of it as a platform, that new business can quickly pick up, go live, start offering paid charging services which are easy to discover? Easy to experience and do all of that in a matter of days. So Bhaskar Drive says its solution is highly customizable, how does that actually work and why did you choose to operate in this particular way? Yeah, that's a great question. So, you know, you can think of a P. I. S as a little bit like the building blocks that go into your modern day application. So you know a lot of people may not think about this, but every time you pick up your iphone to maybe check a message or send an email, you're actually calling hundreds of a P. I. S. That lie underneath that little google maps application or your email application. What dr is doing is to kind of break down charging in to what we like to call the charging comments and the charging commons are all about who's the user using this vehicle, you know, how do they wish to pay? You know, which is the location that they're actually trying to find here and then bundle all of them in little code packets called a P. I. S. So that a developer or an engineer can quickly pick it up and then wrap it up in the sort of the charging experience that they're trying to bring together for their customer. So what are some of the charging networks around the world that have actually used e drive solutions to actually launch? And what kind of results are they having? Yeah, great question again. So you can think of what we're enabling now is networks in the southeast of the US, like in virus park, regional network in Georgia. We've been now supporting several national networks, one of the major networks in the country of Morocco. We're also working with companies that are providing services in in in in fleet charging or some of the kind of more unique edge cases that are not public facing but at the same time our mission critical for delivery services or last mile. So that's the segment or the range of segments where we're able to provide services by bringing a truly customizable approach led by R. A. P. S. So over here in the U. S. As part of the inflation reduction act, the biden administration is working to enhance and really advance E. V purchases and charging infrastructure in the US. How does that effort impact your company? Yeah, that's so you know, the inflation reduction act is truly transformational. It makes billions of dollars available for manufacturing incentive, supporters of electric vehicles and most importantly making Evie charging available to low income and disadvantaged communities. What that does for us is we make it easy for, again, a service provider of charging to comply with, you know, the requirements, the compatibility with the utility regulations and other requirements of just providing a superior service of you know, customer either views. So E drive is kind of facilitating uh, you know, companies being able to meet the requirements and the high bar that's being set by the inflation reduction act and then thereby enabling it, you know, just just a faster rollout of charging infrastructure that we all need to be easily just, you know, making our trips for, you know, via electric vehicles, fascinating stuff. Thanks so much baska Deal, co founder and Ceo of E Drive.