EV Structure is an electric vehicle infrastructure startup. Specifically, the company is building an EV charging station power grid managed by a single entity.
This means that the company is fully vertically integrated and provides parts for the entire charging station system (design, construction, procurement, installation and maintenance).
EV Structure has around $13M in signed installation contracts.
And the startup has already installed over 70,000 power stations across the USA.
EV Structures are part of the EV Charging Infrastructure meta trend.
The increasing number of EVs has created a growing demand for EV charging infrastructure.
In fact, searches for “EV charging station” have increased by 514% over the last six months.
This trend is likely to continue: EVs currently only represent 5.8% of new car sales in the US. However, this figure is estimated to grow to 29.5% within the next 7 years.