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Why Electreon's Business Model is so successful?

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Electreon’s Company Overview


Electreon is a pioneering technology company based in Israel, specializing in the development and implementation of wireless electric road systems (ERS). Founded in 2013, the company is committed to advancing the adoption of electric vehicles (EVs) by establishing a wide-ranging infrastructure that supports their use. Electreon's innovative technology allows electric vehicles to charge while in motion, thereby eliminating the need for frequent stops to recharge and increasing the efficiency of electric transportation systems. The company's work is at the forefront of EV technology, offering a promising solution to some of the most significant challenges faced by the electric vehicle industry today. Electreon operates under a unique business model, which primarily focuses on collaborating with governments, municipalities, and transportation companies. The company designs, constructs, and maintains the wireless electric road infrastructure, providing these entities with a comprehensive solution to electrify their transportation systems. This model enables Electreon to tap into the growing demand for sustainable transportation solutions and to position itself as a key player in the EV infrastructure market. Regarding its revenue model, Electreon primarily generates income through the sale and installation of its wireless electric road systems. The company also earns revenue from the ongoing maintenance and operation of these systems. Additionally, Electreon charges a usage fee to vehicle operators who utilize their infrastructure, creating a consistent stream of income. As the number of electric vehicles increases worldwide, the company expects its user base to expand, leading to increased revenue from both system installations and usage fees. This diversified revenue model ensures a steady income flow, allowing Electreon to continue investing in the development and enhancement of its unique technology.

https://electreon.com/

Country: Israel

Foundations date: 2013

Type: Private

Sector: Energy & Utilities

Categories: Mobility


Electreon’s Customer Needs


Social impact:

Life changing:

Emotional: design/aesthetics, provides access

Functional: integrates, connects, informs


Electreon’s Related Competitors



Electreon’s Business Operations


Digital transformation:

Digitalization is the systematic and accelerated transformation of company operations, processes, skills, and models to fully exploit the changes and possibilities brought about by digital technology and its effect on society. Digital transformation is a journey with many interconnected intermediate objectives, with the ultimate aim of continuous enhancement of processes, divisions, and the business ecosystem in a hyperconnected age. Therefore, establishing the appropriate bridges for the trip is critical to success.

Combining data within and across industries:

How can data from other sources be integrated to generate additional value? The science of big data, combined with emerging IT standards that enable improved data integration, enables new information coordination across businesses or sectors. As a result, intelligent executives across industries will see big data for what it is: a revolution in management. However, as with any other significant organizational transformation, the difficulties associated with becoming a big data-enabled company may be tremendous and require hands-on?or, in some instances, hands-off?leadership.

Infrastructure as a Service (IaaS):

Infrastructure as a Service (IaaS) is a subset of cloud computing that offers on-demand access to shared computing resources and data to PCs and other devices. It is a paradigm for ubiquitous, on-demand access to a pool of customizable computing resources (e.g., computer networks, servers, storage, applications, and services) that can be quickly provided and released with little administrative effort.

Licensing:

A formal agreement in which the owner of the copyright, know-how, patent, service mark, trademark, or other intellectual property grants a licensee the right to use, manufacture, and sell copies of the original. These agreements often restrict the licensee's scope or area of operation, define whether the license is exclusive or non-exclusive, and stipulate whether the licensee will pay royalties or another kind of compensation in return. While licensing agreements are often used to commercialize the technology, franchisees also utilize them to encourage the sale of products and services.

Skunkworks project:

A skunkworks project is one that is created by a small, loosely organized group of individuals who study and develop a project with the primary goal of radical innovation. The terminology arose during World War II with Lockheed's Skunk Works project. However, since its inception with Skunk Works, the phrase has been used to refer to comparable high-priority research and development initiatives at other big companies that include a small team operating outside of their regular working environment and free of managerial restrictions. Typically, the phrase alludes to semi-secretive technological initiatives, such as Google X Lab.

Sustainability-focused:

Companies that manufacture fast-moving consumer goods and services and are committed to sustainability do ecological impact assessments on their products and services. While research-based green marketing needs facts, green storytelling requires imagination and location. Employees responsible for the brand definition and green marketers collaborate with product and service designers, environmental groups, and government agencies.

Technology trends:

New technologies that are now being created or produced in the next five to ten years will significantly change the economic and social landscape. These include but are not limited to information technology, wireless data transmission, human-machine connection, on-demand printing, biotechnology, and sophisticated robotics.

Transportation as a Service (TaaS):

Transportation as a Service (TaaS), also referred to as Mobility as a Service (MaaS), refers to a trend away from privately owned means of transportation and toward subscription-based mobility solutions. This is accomplished by integrating transportation services from public and private suppliers through a unified gateway that organizes and maintains the journey, which customers may pay for with a single account. Users may either pay per journey or subscribe to a monthly subscription for a certain distance.

Energy:

Energy development is an area of study concerned with adequate primary and secondary energy sources to satisfy society's requirements. These activities include those that promote the development of conventional, alternative, and renewable energy sources and the recovery and recycling of energy that otherwise would have been squandered.

Product innovation:

Product innovation is the process of developing and introducing a new or better version of an existing product or service. This is a broader definition of innovation than the generally recognized definition, which includes creating new goods that are considered innovative in this context. For example, Apple launched a succession of successful new products and services in 2001?the iPod, the iTunes online music service, and the iPhone?which catapulted the firm to the top of its industry.

Solution provider:

A solution provider consolidates all goods and services in a particular domain into a single point of contact. As a result, the client is supplied with a unique know-how to improve efficiency and performance. As a Solution Provider, a business may avoid revenue loss by broadening the scope of the service it offers, which adds value to the product. Additionally, close client interaction enables a better understanding of the customer's habits and requirements, enhancing goods and services.

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