Pluggo

Pluggo offers an innovative power bank rental service, enhancing customer experiences at venues by enabling easy access to charging solutions through contactless technology. Pluggo specializes in providing convenient power bank rentals. Founded in 2024, the company operates from Park Street in the UK. Pluggo has completed one deal as of December 1, 2024, and was founded by a group of entrepreneurs with prior experience in the tech industry, although specific names are not disclosed.

Pluggo's primary offering revolves around a power bank rental service designed to enhance the customer experience at venues by extending their duration of stay. By utilizing an integrated contactless reader, users can initiate a rental simply by tapping their card or mobile device. The average rental length is approximately 60 minutes, which translates to an increased amount of time that customers spend at participating venues. This service is particularly beneficial for bars, restaurants, and event spaces that seek to enhance customer engagement and spending per head.

Pluggo's solutions are currently marketed and utilized across various geographical regions, including urban centers in the UK and potentially expanding into broader European markets, catering to both individual consumers and venue operators. Pluggo’s revenue model is primarily structured around partnerships with venues that provide the necessary infrastructure for the power bank rental stations. Venues incur minimal operating costs, estimated to be as low as GBP 1. 50 per month for electricity, which allows them to introduce this service with minimal investment.

The company operates on a B2B model, collaborating directly with venue operators to install Pluggo stations. Revenue is generated through rental fees charged to customers for using the power banks, with the service's accessibility and ease of use contributing to maximizing customer engagement and profitability for both Pluggo and its venue partners. In December 2024, Brick Technology AB agreed to fully acquire Pluggo in a deal aimed at strengthening its leadership in the European festival charging market. This acquisition will integrate Pluggo’s services and expand its presence across the Netherlands and Belgium.

The integration is expected to leverage Brick Technology's existing infrastructure to enhance service delivery and support Pluggo’s growth initiatives.