This report documents the challanges and lessons learnt from Jet Charge’s Charging as a Service Project. Lessons learnt focus on the early-stage commercial and social considerations of a Charging as a Service business.
Report extract
JET Charge is seeking to develop and scale the first full-service charging solution in Australia. By establishing this Charging-as-a-Service (CaaS) business model, JET Charge is combining BEV charging hardware, installation, operation, maintenance and asset management into an OPEX service. CaaS allows fleets to fully outsource their charging needs to JET Charge through a bundled monthly payment.
JET Charge can aggregate demand from fleets across Australia to achieve the required economies of scale across all parts of the value chain and provide the lowest cost of charging to customers. At scale, the standardised product offering and recurring revenue is expected to attract new institutional investors, driving down the cost of capital in this sector.
Over the Project’s three-year duration JET Charge aims to install 3,160 chargers, mostly at workplaces but with an estimated 800 chargers to be installed at customer’s homes. This target is matched with the uptake of 3,160 passenger and light commercial BEVs by fleet, which represents one BEV for each charger deployed under a CaaS contract.
