Beam, a Singapore-based micro-mobility provider, revealed today that it had raised $93 million in a Series B funding round to help it expand into new Asian countries. Momentum Venture Capital, Hana Ventures, ICT Capital, EDB Investment, AC Ventures, RTP Global, and Sequoia Capital India contributed to the capital boost, bringing the total investment to $135 million. According to Alan Jiang, co-founder, and CEO of Beam, Series B lifts the company’s worth to the triple digits.
Beam Singapore, a manufacturer of electric scooters and e-bikes, has a strong presence in 35 cities across New Zealand, Malaysia, South Korea, Thailand, and Australia. It hopes to expand into the Philippines, Turkey, Japan, Indonesia, and Vietnam as part of its development strategy. The Beam will also be able to accelerate the rollout of a fresh new fifth-generation Beam Saturn electric scooter, which the firm aims to launch in the second part of the year.
Moreover, Jiang says that the new model will have a more advanced version of Beam’s MARS technology, which will help safeguard pedestrians and allow local authorities to control where e-vehicles can park and ride.
Beam’s Chief Technology Officer Deb
Beam’s chief technology officer Deb Gangopadhyay says the fifth-generation Saturn will feature Beam Pedestrian Shield, an AI camera onboard that can detect pedestrians instantly and accurately, reducing the vehicle’s speed or even preventing it from hitting.
By the end of the third quarter of this year, Beam plans to expand the use of its onboard camera with computer vision. In the beginning, the business will test onboard camera technologies developed in collaboration with Drover AI, a startup specializing in computer vision that works with Spin and Helbiz on similar products.
Other than the revolutionary technology in Saturn, the wheels will be 20 percent larger than ordinary e-scooter wheels, and the suspension system will be hydraulic. According to the business, Saturn has entirely replaceable batteries that may give a riding range of 110 kilometers, which is double that of a regular e-scooter battery and improves sustainability.
The Beam will also introduce the Beam Pluto, an electric scooter, to its fleet of vehicles in the second quarter of this year. According to Jiang, in an email interview, e-mopeds are projected to make up one-third of the company’s fleet over the next two years.
Beam Mobility Funding
Despite constraints owing to COVID-19, continuing beam mobility funding Beam’s revenue has grown 15 times since 2020, according to Jiang, despite the CEO not providing any data on the rate of increase. When asked about the need for tighter micro-mobility regulations in certain Asian regions, Jiang said that Beam works with regulators from all areas to ensure that micro-mobility is sustainable and safe for all. Beam balances vehicle assets across regions based on the part on deployment opportunities. Micro-mobility is becoming more widely regarded as a means of transportation in Asia, and regulatory frameworks are growing more complex.
Short Introduction To Electric Vehicles
As opposed to gasoline-powered vehicles, electric vehicles are propelled by electric motors. Electric cars are charged by converting AC to DC power using an outlet for charging or Electric Vehicle Supply Equipment. The operation costs of electric vehicles are low due to the lack of moving parts for maintenance, and they are also very eco-friendly due to the lack of fossil fuels used.
The current standard for battery electric vehicles is now lithium-ion batteries due to their longer life and highly efficient energy storage. They have self-discharge rates of 5 to 7 percent per month.
While the performance that these batteries provide has increased but they are still susceptible to thermal runaway. This, for example, could lead to explosions or fires in models like the Tesla Model S. However, efforts have been made to increase the security of these batteries.
What is an App for Finding Electric Vehicle Charging Stations?
It’s a charging station finder for electric vehicles that displays all local charging stations in one place. The app includes information like the kind of plugs the station accepts. The app gives users access to the most up-to-date charging station availability information, including photos, reviews, and descriptions. Users may also search for and add EV charging stations using the applications. You may also enable notifications to be notified when a charging station closes.
Charge stations for various charging locations within your region are displayed in the EV Charging Station Finder app. The app will provide a variety of information, such as supporting ports. Some cars, such as the Nissan Leaf and Chevy Bolt, use the same plug-ins for charging at levels 1 and 2, while they use different plug-ins for charging at charging stations for level 3. In addition, users can connect EV charging points once they come across them. Users may also configure alarms or reminders to get notifications when a nearby charge station.
There are several more benefits of Ev Charging App Development. Keep track of your charging station’s financial statistics and metrics, such as daily profit and power usage at each site, client information, and payment failures or successes.
How does an app for finding electric vehicle charging stations work?
Depending on your operating system, such as iOS or Android, you may download the EV Charger Finder app from the App Store. You’ll need to register or log into the app after installing and downloading it. Users must either share their address, input a place, or find their address on the app’s map. The charging stations for your location will then appear. The program, like Google Maps, uses GPS to locate the user’s location.
The majority of vehicle charging station finding applications are free to use. If you own an EV, you’ll need to register using the app with your email address, phone number ID, and password, or You can also log in yourself for these apps while using your social media accounts. Once you’ve checked in, you’ll need to choose your location or enable geolocation for an electric vehicle charging stations application to access your region. The charging station closest to you will be displayed.
You may get vital information about these stations by searching local locations, including suitable electric vehicles, photographs and descriptions, and pricing and availability. You may save time by booking slots ahead of time. You may monitor the status of your charge and its progress by booking places in advance using the app. You may also use the charging station app to check and pay the amount.
Why Best to Invest In An EVCS Finder App?
Electric vehicles are predicted to grow in popularity due to government incentives and corporate investment. According to Bloomberg New Energy Finance, there is a growing demand for electric automobiles with improved batteries, more charging infrastructure, and Mobile App Development to find charging stations.
According to the research, electric vehicles will account for 12% of global automobile sales by 2025. By 2030, the percentage will have risen to 30%, and by 2040, it will have increased to 60 %. Electric cars accounted for 2.8 percent of global vehicle sales in 2021, totaling 2.3 million units. This designates a climb from the prior year. This year has already been unimaginable. We had 7.6 million recharge sessions worldwide by the end of the calendar year, up 2.2 million from the previous year.
Approximately 6.7 million were charging automobiles owned by private persons at low speeds. As a result, the most common charging alternatives will be Type 1 and Type 2, which are slow chargers; from a technical perspective, slow charging is the best for battery life.
How Much Does the EV charging station finder app Cost?
To estimate the cost of Mobile App Development of the EV Finder app, consider your needs and desired features and functionalities. The geographical location of the mobile app development business has a significant impact on the pricing of an EV charging app. In North America, for instance, the hourly charge for mobile app development is $120 to $150. The cost of an hour in South America is $100 to $130. The usual hourly rate for an Indian company, for example, is $20 to $40.
The programmers are knowledgeable and provide excellent value. First, it is vital to finalize the app’s needs to create an EV station charging Finder app. For Android App Development Services providers, there are several factors to consider, including the exact scope of the project, the features you intend to include, the platforms you wish to use, such as Android or iOS, or both, and the complexity of the application.
Building an EV station discovery software might cost anywhere between $20,000 and USD 300,000, depending on the parameters used. As we can see in the technology and transportation sectors, EVs are rapidly developing and growing. Electric cars are a viable option, and much to learn about them. If successful, they might provide a long-term sustainable future. Because of the fast growth of electric vehicles in recent years, the global electric car inventory will surpass 20 million in 2021, up 48 percent from 2020. EVs maintained their advantage in the automotive market despite the COVID-19 outbreak.
Best EV Charging Station App Development Company
Examining the app developer’s portfolio is always a good idea before choosing it for your project. Prior expertise in your business or field area might result in a superior, less expensive application. The challenges faced and handled in developing previous applications will reduce the time it takes to build your own. It will also assist if the app developer you hire has a solid grasp of the specific sector.
Deorwine Infotech is a leading Mobile App Development Company in Singapore. Deorwine is a firm that is eager to collaborate with new businesses and has expertise in designing EV charging station finder applications. They can create anything for your organization, whether a minor complaints site or a complex enterprise-level solution!
Do you have an Idea?
With the rising popularity of electric cars, charging stations and station locator apps are becoming increasingly important. As you can see, mobile applications have grown more common than ever before. They’ve altered the way we engage with society in all its forms and the trajectory of several enterprises. Electric vehicle dealerships should not overlook the potential for developing an app for electric vehicle charging stations.