EV Connection
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EV Connection - overview
Location
Petaling Jaya, Selangor, Malaysia
Primary Industry
Power & Utilities
About
Based in Petaling Jaya, Malaysia, EV Connection operates as an electric vehicle charging solutions provider that integrates EV charging station hardware supply, installation, operation, maintenance and cloud services. The company is also the authorised EV charging station distributors for ABB and Hager. Some enterprises, such as Mercedes Benz, Volvo and Porsche, cooperated with the company. EV Connection has passed Suruhanjaya Tenaga, CIDB, Tenaga Nasional Berhad, MyHijau and TUV certifies.
The founder of the company, Lee Yuen, is a member of the Technical Committee for the Malaysian Standards in Electric Vehicle (EV) charging. EV Connection has also established subsidiary in Singapore. The company has developed two types of PV solar systems which are the Grid-tied PV system, and the Stand-alone PV system. The users can add storage to the Grid-Tied System, and the storage will be the backup power when there is an outage and can be used to power critical loads.
The products offered by the company include Hager 7kW IP54 Witty Home Charging Station, Type 2 Electric Vehicle UK 3PIN Mode 2 Portable Charger, EV Cable Carrier Bag, Type 1 Electric Vehicle UK 3PIN Mode 2 Portable Charger, and Single Phase Energy Meter.
Current Investors
Gentari
Primary Industry
Power & Utilities
Sub Industries
Electric Utilities, Solar Power, Energy Storage & Batteries
Website
www.ev-connection.com
Verticals
Infrastructure
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
EV Connection - timeline of key events
EV Connection - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 1,647,467 | 1,758,049 | 2,496,431 | - | - | - |
| % Revenue Growth (YoY) | - | 6.7% | 42.0% | - | - | - |
| EBITDA (USD) | 43,976 | 33,357 | 79,674 | - | - | - |
| Operating Income (USD) | 15,455 | (10,810) | 20,623 | - | - | - |
| Operating Margin | 0.9% | (0.6%) | 0.8% | - | - | - |
| % EBITDA Margin | 2.7% | 1.9% | 3.2% | - | - | - |
| NET Income (USD) | 6,056 | (19,354) | 9,253 | - | - | - |
| % Net Margin | 0.4% | (1.1%) | 0.4% | - | - | - |
EV Connection - employee data
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