LeapCharger: An Innovative Leader in the Fast-Growing EV Charging Sector
Editorial Feature | Nov 14, 2023 | Tech
LeapCharger (OTC:LCCN) is one of the earliest entries into the EV charging sector in its home market, Dubai. With a proprietary charging network, app, innovative charging stations, mobile emergency charging, and home installation, LeapCharger is building out multiple income streams in the EV charging space.
LeapCharger is a young start-up; its first charging station is scheduled to be installed in Dubai in 3Q 2023. By the end of 2023, LeapCharger expects to have 30-35 charging stations in place, with many more on the way. The business easily scales.
While LeapCharger expects high profit margins and a steady revenue stream, the company was not founded purely for financial incentives.
In fact, LeapCharger (OTC:LCCN) was founded by wonderkid, Shubham Kumar, as a way to make a cleaner, greener future. Winner and finalists of multiple competitions — including a Hackathon sponsored by Uber, and multiple international competitions in the green space.
Kumar has already founded another company, BlackVizor, that connects solar power and panels to energy customers. A precocious entrepreneur, Kumar is fast becoming his generation’s Elon Musk, with multiple successful companies founded, inspired by a deep vision for the future of business, and the future of the planet.
The Market
The EV market is expanding rapidly.
In 2020, the EV market increased 43% year-over-year1.
From 2023 to 2030, the EV market is expected to continue at a blistering pace, averaging 17.8% CAGR2.
That figure is likely to prove conservative. The EV market has been growing at an even faster-than-expected clip, and there are numerous incentives from governments intended to speed growth.
Dubai is waiving a number of fees, road tolls, registrations, and other costs for those who buy an EV. The country is sponsoring a free charging network — with LeapCharger (OTC:LCCN) fast becoming a preferred provider3.
India has similar incentives4 — along with government incentives encouraging manufacturers to build EVs in country5.
The UK is banning the sale of internal combustion engine vehicles in 20306. France, Norway, and a host of other nations are following suit7.
The Inflation Reduction Act and the Infrastructure Act in the US contains a number of EV incentives — from $7,500 tax credits for consumers, to $7.5 billion earmarked for building out an EV charging network 500,000 strong, to incentives for mining battery metals8.
And manufacturers are getting in the act as well. Jaguar will be all-electric by 2025. Ford plans to be all-electric in Europe by 2030, GM will be all-electric everywhere by 2035, and Volvo wants to sell at least 70% EVs by 2030.
Indeed, it’s hard to find a manufacturer that doesn’t have ambitious EV goals over the coming years.
But that’s just the EV market. The EV charging market is growing even faster.
The Opportunity
The EV charging market does not follow the EV market linearly.
Instead, the charging market was negligible for a long time. EVs were a small overall share of cars on the road, most EVs had limited distances on a single charge, and most owners would install home chargers and use that for their energy needs.
Today, though, we have hit critical mass.
Batteries have improved to the point that most EVs can go 200+ miles on a single charge.
One out of every seven cars sold today is an EV, with that share rising every year9.
With this increase in EVs — especially as everyday vehicles — the demand for a charging network has coalesced virtually overnight.
Thus, while EVs continue to grow slowly and steadily…
The EV charging market has to grow exponentially to catch up, and to keep up with growing demand.
Indeed, according to Allied Market Research, the EV charging market hit $16.6 billion in 2021, and is projected to grow to $226.3 billion by 2031 — good for a CAGR over 30%.10
The simple fact is, to hit country and company EV goals by 2030, we need a massive network buildout.
And LeapCharger (OTC:LCCN) is leading the charge in the Middle East, the Asian subcontinent, and expanding into the European and North American markets.
Growth Drivers
The EV charging market does not follow the EV market linearly.
LeapCharger (OTC:LCCN) is not just another company creating charging stations.
It is creating an entire ecosystem around its charging network.
Start with its public chargers.
LeapCharger can provide Level 1, Level 2, and Level 3 charging stations to retail establishments, government networks, parking structures, or anywhere that wants to attract traffic through providing charging opportunities.
After all, even at Level 3, it can take a car from 15-45 minutes to go from empty to 80% charged. That is a powerful captive audience — one very attractive to retail outlets and restaurants.
This is one of the great appeals to appearing in — or near — an EV charging station.
However, LeapCharger has a unique second income stream from its captive audience.
Each charging station comes with a 55-inch digital display — primarily intended for ads, but also useful for any messages the attached establishment would like to broadcast.
This advertising platform provides LeapCharger with a low-cost passive income stream throughout the life of every charger. It creates a premium value, and high profit margin, that separates it from other competitors.
However, it doesn’t stop there.
LeapCharger has also created an app that runs its charging network.
And it is inviting anyone to join and use their network through their app — with third-party fees supplementing LeapCharger’s revenue.
In fact, LeapCharger is expanding into all corners of the charging sector.
The company is building and installing home chargers.
It will sell chargers to businesses that want to own the income, or will lease chargers to companies that are more concerned with foot traffic.
LeapCharger is developing a mobile charging unit — so it can bring energy to any vehicle that runs out of charge on the road.
It will split revenue with landowners that allow LeapCharger to install a charging station.
In fact, LeapCharger (OTC:LCCN) envisions a future in which investors can invest in individual chargers, and enjoy a percentage of the revenue that comes from that charger.
This will be possible when LeapCharger implements its planned blockchain-based exchange.
That is not important to today’s valuation. It holds great potential in a few years’ time, but it isn’t necessary to get the LeapCharger network off the ground.
The greatest risk LeapCharger faces is a low moat and the potential for rivals to emerge.
In theory, there is nothing preventing another company from raising capital and following LeapCharger’s business model.
In practice, it is unlikely that a young copycat will come and steal LeapCharger’s market share.
More likely, there will be other charging networks that have their own unique selling propositions, some of which may prove appealing to the market.
There is also the risk that the EV market will cool off.
This is unlikely to be due to wavering demand. As previously mentioned, the EV market is growing at a dizzying rate, and government incentives are further goosing the market.
If there is to be a slack in EV production, it will likely come due to a supply bottleneck.
The batteries and high-tech electronics in EVs are resource-intensive. Each car requires hundreds of pounds of exotic metal.
Indeed — it is estimated that demand for these metals will be so great, in some cases, the EV market alone would consume the entire worldwide proven reserves.
The commodity markets often appear imbalanced this way at the start of a secular bull. As the supply squeeze causes commodity prices to rise, which inspires more investment in discovery. In most cases, this solves the shortfall problem before it becomes a true obstacle.
Outlook
LeapCharger (OTC:LCCN) is in one of the fastest-growing sectors we’ve ever seen.
It is installing its first proof-of-concept charging station in Q3 2023, with 30-35 expected by the end of the year, in numerous countries.
The company has an app in advanced development, with blockchain-based system in the works.
In the future, it will allow investors to invest directly in infrastructure and share in the revenue. This same business model helped U-Haul gain access to large amounts of capital, expand rapidly, and come to dominate the work vehicle rental space.
LeapCharger plans to do the same.
Today, there are very few charging networks, and those that are out there are often proprietary — like the Tesla network.
There are even fewer chargers in the Middle East and India, where EVs are just starting to make an appearance.
There is no doubt that the world will have numerous charging networks crossing the globe over the coming years.
LeapCharger is one of the first companies to enter this space.
It is the only company that can provide every kind of charger — at every level, for any location, including mobile chargers on wheels for emergencies.
And it is one of the only companies that is supplementing its charging income with advertising income as well — creating an income stream that serves a captive audience, at minimal cost.
That kind of early advantage can create a lot of distance before competitors catch on.
And that’s especially true in a sector like this — involved in one of the largest infrastructure projects in history, remodeling our entire energy system.
And the leaders in this industry will quickly become household names.
That is the ceiling for LeapCharger.
To learn more about LeapCharger, please visit the company website. And as always, do your own due diligence.
1https://www.iea.org/reports/global-ev-outlook-2021/trends-and-developments-in-electric-vehicle-markets
2 https://www.fortunebusinessinsights.com/industry-reports/electric-vehicle-market-101678
3 https://dubaievhub.ae/government-framework/incentives
4 https://e-amrit.niti.gov.in/electric-vehicle-incentives
5 https://www.electrive.com/2021/09/17/india-aims-to-boost-ev-production-with-incentives/
6 https://www.motorfinanceonline.com/news/uk-government-set-to-accelerate-ice-vehicle-ban-to-2030/
7 https://www.economist.com/science-and-technology/2023/07/02/deep-sea-mining-may-soon-ease-the-worlds-battery-metal-shortage
8 https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/14/fact-sheet-president-bidens-economic-plan-drives-americas-electric-vehicle-manufacturing-boom/
9 https://www.counterpointresearch.com/global-electric-vehicle-market-share/
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