EV charging operator Bump unlocks $180 million • TechCrunch

EV charging operator Bump unlocks $180 million • TechCrunch


French startup Bump has signed a multi-year financing partnership with DIF Capital Partners in order to roll out more charging stations for electric vehicles and double down on growth in general.

It is an equity and quasi-equity $180 million deal that will be progressively unlocked from 2022 to 2030. Yesterday, ZePlug also announced a significant investment — but ZePlug focuses on a different market with partnerships with residential and office buildings.

Today’s news is extremely important because Bump operates with a capital intensive business model. The company has already created 300 charging stations and plans to ship another 2,000 charging stations by the end of 2023.

Bump funds and manages the installation of new charging stations so that there is no upfront cost for their partners. After that, the company handles maintenance and operation. It then takes a cut on kWh, which progressively covers the investment costs and creates some revenue for the company.

Like solar panels, it can take 5, 10 or 15 years before a charging station becomes profitable. It’s an infrastructure company, meaning that it’s a long-term business.

Bump has two types of clients. It partners with retailers, malls, hotels and various companies that own parking space to roll out charging stations for anyone looking for a charging station.

It also works with logistics companies and other B2B clients that need to switch to electric vehicles. They get their own charging spots for their vehicles managed by Bump. Clients include StarService, TopChrono, Stuart, Europcar, Zity, Bolt and Marcel.

“I often compare our offering with Salesforce in the 2000s,” co-founder and CEO François Oudot told me. “You can either buy a server and a floppy disk, or you can pay a monthly subscription per user.”

See also  Bessemer backs SaaS platform that automates billing workflows • TechCrunch

And it’s true that switching to electric vehicles can be costly. You have to buy new cars and trucks — electric vehicles tend to be more expensive than gas vehicles. You then have to pay a construction company to install charging stations.

Vehicles aren’t supposed to be a core investment for logistics companies. Many companies choose to lease cars, and they would rather pay a bit more to charge their vehicles if they don’t have to do anything to manage their charging stations.

Bump itself works with big construction companies to install charging stations. They have their own software stack and a team that can remotely monitor charging stations. If it’s a hardware issue, third-party companies can also be contacted 24/7 in case they need to go there in person to fix something.

With today’s new funding, Bump plans to roll out 25,000 charging stations by 2030. The startup will also hire a hundred people.

Image Credits: Bump



Source link

[CAOLLE] Nintendo Eshop Voucher and Nintendo Wii Gift Cards
Free Fortnite V-bucks Generator and Why Did Fortnite Give Me 1000 V Bucks and 34m55k
Free Tiktok Followers Generator and 1000 Followers Tik Tok and N1r8if
Free Tiktok Followers Generator and Buy 50 Tiktok Likes and 6v2mqh
how to get cash app money free, cash app code for free money and cash app request free money
PSN Free Gift Cards App and Free Gift Cards for PSN Store Walmart App
how to add free money to cash app, get money sent to your cash app free and how to get free money on cash app without downloading apps
[45I60B] Nintendo Switch E Gift Card and Nintendo Eshop Redeem Codes Free
Free Fortnite V-bucks Generator and Fortnite Chapter 1 Chest and Wlcbkk
Free Tiktok Followers Generator and Tik Tok Booster and Fhvs9q
Paysafecard Promotion Code and Gift Cards Paysafecard
Cumpara Paysafe Online and Paysafecard Online 
how to get free money on cash app on android, cash app names for free money and free cash app money no surveys
Free Paysafecards and Free Paysafecard Codes 2022
Free Tiktok Followers Generator and How Do You Gain Followers on Tiktok and 3ojmnj
Free Fortnite V-bucks Generator and Vbucksreal 
Cumpara Paysafe Online and Paysafecard Online
get money free cash app, get free money now cash app and make money and free cash app mod apk
[5R5FWF] Best Nintendo Gifts and How to Gift Games on Nintendo Switch
Free PSN Gift Cards Codes Generator and Get Free PSN Gift Cards
How to Get Free 100$ PSN Gift Cards and Free PSN Gift Cards No Survey
Free Tiktok Followers Generator and Real Tiktok and 0t3wli 
free birthday money cash app, games to win free money on cash app and win free cash app money
Free Tiktok Followers Generator and Tiktok Tolls and 0qcdkg
Coduri Paysafecard Free and Paysafecard Free Codes
can i get free money on cash app, how to get free money on cash app right now and how to make free money on cash app on android
the Best Website to Get Free PSN Gift Cards and Free PSN Gift Cards Generator
[V49Z2F] Safeway Gift Card Selection and Nintendo Switch Game Store
[RZXX1V] Nintendo Shopper and Refund on Non Reloadable Card
Cumpara Paysafe Online and Paysafecard Online
make free money on cash app, referral code how to get free money on cash app and cash app glitch free money
Free Xbox One Gift Cards Fast, Free Xbox Gift Cards Generator Dow and Real Free Xbox Gift Cards Code Generator
Free Xbox Gift Cards Codes Generator, Free Gift Cards Claim Yours Today Ps4 Xbox China and Free Xbox Gift Cards No Survey No Download 2022
[IB5MH2] Nintendo Eshop Qr Codes and Team up Card Prices
how to get cash app free money, how to put free money on cash app and get free money to cash app
Free Tiktok Followers Generator and Tiktok Followers Growth and Zqjdj9
PSN Code Generator and Free PSN Gift Cards: Rewards and Free PSN Gift Cards 2022 Generator
Free Gta 5 Gift Cards PSN and Free PSN Gift Cards Cheat Field
Amazon PSN Gift Cards Codes Free and Free Gift Cards for PSN
PSN Gift Cards Free No Survey and Free PSN Gift Cards Codes 2022
PSN Free Gift Cards Codes and $100 Free PSN Gift Cards
How to Get Free Xbox Gift Cards without Human Verification, Xbox 100 Dollar Gift Cards Free Valid and Free Xbox Gift Cards Crystal Digger
PSN Free Gift Cards App and Free Gift Cards for PSN Store Walmart App
Free PSN Gift Cards Codes Generator and Get Free PSN Gift Cards
free money added to cash app, get free cash app money without human verification and how you get free money on cash app
Free PSN Gift Cards 2022 and How to Get PSN Gift Cards for Free
By californianews_gkdgq8

Leave a Reply

Your email address will not be published.

Related Posts