Nissan, the Japanese automaker, has announced its investment in ChargeScape, a company specializing in battery charging technology. This move aims to extend ChargeScape's services to electric vehicle (EV) owners in the U.S. and Canadian markets. However, the specific investment amount by Nissan remains undisclosed.
ChargeScape was formed in September 2023 through a collaboration between Ford, BMW, and Honda's American division. The company's objective is to create a cost-effective platform that connects power companies, automakers, and interested EV owners. This initiative allows energy to be fed back into the grid, helping EV owners save on costs.
Initially, Ford, BMW, and Honda each held equal shares in ChargeScape and welcomed other automakers to join. Following the completion of Nissan's deal, each of the four companies, including Nissan, will own a 25% stake in ChargeScape. The company anticipates additional automaker investments in the coming months.
With the rising demand for advanced driving assistance and automation features in new vehicles, the need for automotive software tailored for EVs is also increasing. ChargeScape offers software and technology for optimizing EV battery charging, positioning itself alongside market leaders like Tesla, ChargePoint, Gridserve, and BP Pulse. Through ChargeScape's platform, drivers can pause charging during peak times to receive subsidies and have the capability to sell stored energy back to the grid.
