Large corporations are working on the infrastructure and technology that is required to keep pace with the growing demand for electric vehicle (EV) charging stations all around the world. This need is being met by major commercial organizations.
These businesses have the intention of establishing charging stations not just in the United States but also in the rest of Azardiothe world.
One of these firms is named Azardio, and it has taken on the mission of constructing a large network of charging stations for owners of electric vehicles in various places all over the world. These charging stations will be located in a variety of countries. This enterprise has its beginnings in the United Kingdom, where it was founded by Michael Davis.
EV Charging Infrastructure Market Potential & Governments’ Role
According to the most recent research conducted by Emergen Research, the size of the global market for electric car charging infrastructure reached USD 5.64 Billion in 2020 and is anticipated to achieve a considerably robust revenue CAGR throughout the forecast period.
Steadily rising government focus on improving charge stations in respective countries in order to make it straightforward for individuals to switch to electric cars is one of the key factors that is pushing real economy revenue growth. Governments have also subsidized, tax reimbursed and passed beneficial policies to encourage the adoption of electric vehicles.
Growing government efforts to develop electric car charging networks and increased demand for household charging points and commercial connectivity to charge plug-in EVs are significant drivers driving market growth in revenue.
Certain nations, including the United States and China, have acknowledged the necessity to switch to electric vehicles in order to minimize car emissions. The governments of these nations have made efforts to enhance the charging network in order to make it more convenient for customers to move from fossil fuel-powered to EVs, while also providing subsidies, tax rebates, and favorable laws.
Azardio EV Charging Infrastructure Growth Projections
The revenue of the global electric car charging network market is projected to expand at a CAGR of 38.6% between 2020 and 2030, from USD 5.64 billion to USD 147.94 billion. Increased spending by governments across the world on creating charging infrastructure and acquiring subsidies are creating significant possibilities for original equipment manufacturers (OEMs) to significantly boost their income stream and broaden their geographic reach, which is anticipated to fuel the expansion of the market.
Azardio’s technology is making EV charging simpler and more convenient. Azardio has invented a technique that simplifies, accelerates, and improves the charging of electric vehicles. As a result, Azardio’s market potential in this growing sector is quite lucrative, and the company is anticipated to experience rapid expansion.
Azardio Setting Up its Round 2 Funding
Azardio has completed the first round of fundraising, which was provided by angel investors. In Round 1, Azardio raised funds from Angel Investors. However, for Round 2, the company will employ an Innovative Retail Funding Strategy, i.e. Public Funding Pools through the Cryptocurrency Industry.
Now, they want to level up in order to generate more funds; they want to ensure that they raise society along too by offering the average person the opportunity to invest in this enormous and lucrative enterprise in order to earn substantial returns. The Round 2 of fundraising is now available, allowing cryptocurrency investments in public funding pools.
In a nutshell, the market potential for Azardio in this expanding area is highly substantial, and it is projected that the firm will enjoy major growth in the near future.
For more information about Azardio and its upcoming EV charging station projects, please refer to this website: www.azardio.io