Electric Vehicle Infrastructure

What Electric Vehicle Infrastructure does

Electric Vehicle Infrastructure Company (EVIQ) operates Saudi Arabia's first and largest nationwide DC fast-charging network for electric vehicles, structured as a joint venture between the Public Investment Fund (PIF, $700B AUM) and Saudi Electricity Company (SEC) and aligned with Saudi Vision 2030. The company deploys fast-charging stations with power outputs ranging from 50 kW to 400 kW using hardware from Alpitronic (HYC50, HYC150, HYC400) and ABB (Terra360), supported by a state-of-the-art R&D facility in Riyadh for charger and software testing. The current network spans 50 sites, 125 chargers, and 242 connectors across 7 Saudi cities including Riyadh, Jeddah, and Dammam, with a stated 2030 target of 5,000+ chargers across 1,000+ strategic locations.

EVIQ serves two interlocking customer segments. On the B2B side, it forms revenue and site-anchoring partnerships with major real estate developers (Cenomi Centers, ROSHN, Red Sea Global, New Murabba), automotive OEMs (BYD/Al-Futtaim, Lucid, Lotus, ZEEKR, Ceer), highway fuel station operators (SASCO), and government/municipal entities (Riyadh Municipality, Remat Al-Riyadh, Riyadh Development Company). On the B2C side, individual EV drivers access the network through a dedicated iOS/Android mobile application for station discovery, session management, and payment. Pricing is usage-based at 0.65 SAR/kWh for fast chargers (50 kW) and 0.99 SAR/kWh for ultra-fast chargers (up to 400 kW), with promotional free charging still offered at some locations.

The go-to-market motion combines direct-to-consumer app distribution with enterprise field sales targeting property owners, OEMs, and municipal authorities. EVIQ is a member of CharIN for global charging-standard interoperability and has secured CharIN-aligned OEM partnerships that package EVIQ charging access with vehicle purchases. With 51-100 employees, ~$67.8M of external funding (Saudi Energy, 2023), and full PIF/SEC sponsor backing, EVIQ is executing an aggressive national build-out timed to Saudi Arabia's targeted 30% EV adoption by 2030.

Name

Electric Vehicle Infrastructure

Legal name

The Electric Vehicle Infrastructure Company

Website

https://www.eviq.sa/en/

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

51–100 employees

Short description

EVIQ (Electric Vehicle Infrastructure Company) operates Saudi Arabia's first nationwide DC fast-charging EV network as a PIF-SEC joint venture, deploying 125 chargers across 50 sites in 7 cities with a 2030 target of 5,000+ chargers, serving individual EV drivers via mobile app and partnering with real estate developers, automotive OEMs, and government entities.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure Services

NAICS

Electric Power Transmission, Control, and Distribution (22112), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911), Transportation Services (4700)

akta.pro primary industry

EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)

akta.pro secondary industries

EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE), EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF), EV Charging Operations & Parking-Lot Electrification Management (BPABAKAK), EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)

Keywords

• EV charging infrastructure
• DC fast charging
• Public charging network
• Ultra-fast charging stations
• Electric vehicle charging service

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Technology or R&D, Personnel, Marketing or Sales, Supply Chain

Revenue model

1. EV Charging Fees: EVIQ charges users per kilowatt-hour (kWh) for charging sessions. Fast chargers are priced at 0.65 SAR/kWh and ultra-fast chargers at 0.99 SAR/kWh. The company currently offers free charging at some locations as part of promotional activities.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels7 records

Core offering

EVIQ operates Saudi Arabia's first nationwide DC fast-charging network for electric vehicles, deploying fast and ultra-fast charging stations (50 kW to 400 kW) across cities and highways. Drivers access the network through the EVIQ mobile app (iOS and Android) to locate chargers, start/stop sessions, and pay per kWh, while property owners, automotive OEMs, and municipalities deploy chargers at their sites under strategic hosting and partnership agreements.

Product overview

EVIQ operates as a unified EV charging infrastructure platform consisting of a nationwide network of DC fast-charging stations with power outputs ranging from 50 kW to 400 kW, supported by a companion mobile application for station discovery, session management, and payment. The product portfolio includes four charging station models (Alpitronic HYC50, Alpitronic HYC150, ABB Terra360, and Alpitronic HYC400) plus an R&D facility for testing and quality assurance. The network spans cities and highways across Saudi Arabia, accessible through the EVIQ mobile app.

Differentiator

Problem solved

Functional benefit

Products and services

• EVIQ Charging Network Sold: nationwide DC fast-charging network service for electric vehicles across Saudi Arabia, offering power outputs from 50 kW to 400 kW with usage-based pricing at 0.65–0.99 SAR/kWh, expanding to highways and giga-projects. For: individual EV drivers seeking fast-charging access and enterprise property owners, automotive OEMs, and municipalities seeking turnkey charging deployment.
• EVIQ Mobile Application Sold: iOS and Android mobile application enabling EV drivers to create profiles, locate chargers, view availability and connector types, start/stop charging sessions, pay per kWh, and view charging history. For: individual EV drivers using the EVIQ charging network in Saudi Arabia.
• First Highway EV Charging Station at SASCO Aljazeera Sold: highway-corridor fast-charging site deployed in partnership with SASCO gas stations, enabling long-distance EV travel between Saudi cities. For: EV drivers undertaking intercity trips and highway operators seeking EV infrastructure at rest stops.

Quantifiable outcome

• 60 EV charging stations expected by end of 2025
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

15 partnerships are on record, tiered strategic, foundational and core.

• Lotus (Wallan Trading)strategicStrategic or Co-development Partner · 29 April 2025Strategic partnership to develop advanced EV charging solutions for Lotus customers including dedicated chargers at showrooms and home charging sockets with vehicle purchases. Includes digital platform integration.
• SASCOstrategicChannel Partner/ Reseller/ Distributor · 23 March 2025Partnership to deploy EVIQ's first highway EV charging station at SASCO Aljazeera on Riyadh-Qassim highway. Plans include additional stations on Riyadh-Dammam and Mecca-Madinah routes.
• ZEEKR (Wallan Trading)strategicStrategic or Co-development Partner · 3 March 2025MoU to expand advanced charging station network providing ZEEKR customers with seamless access to EVIQ network with exclusive incentives and benefits for ZEEKR vehicle owners.
• New Murabba Development CompanystrategicStrategic or Co-development Partner · 3 March 2025Agreement to deploy EV charging stations within New Murabba, Saudi Arabia's giga-project aiming to build a sustainable, future-ready urban destination with 5,000+ chargers.
• Remat Al-RiyadhstrategicStrategic or Co-development Partner · 23 February 2025MoU with Remat Al-Riyadh (development arm of Riyadh Municipality) to install and operate EV charging stations across Riyadh, supporting the national target of 30% EV adoption by 2030.
• Cenomi CentersstrategicStrategic or Co-development Partner · 13 February 2025Partnership to deploy fast-charging hubs across Cenomi Centers' 22 lifestyle centers with 5,000+ stores in 10 major Saudi cities, serving nearly 100 million annual visitors.
• Riyadh Development CompanystrategicStrategic or Co-development Partner · 13 February 2025MoU signed at PIF Private Sector Forum 2025 to develop charging station sites within Riyadh Development Company's properties, supporting Riyadh's smart city transformation.
• BYD (Al-Futtaim Electric Mobility)strategicStrategic or Co-development Partner · 27 January 2025MoU to implement high-speed public charging infrastructure at BYD locations throughout Saudi Arabia. The alliance provides charging packages to BYD customers ensuring seamless and accessible charging experience.
• CharIN (Charging Interface Initiative)strategicStrategic or Co-development Partner · 11 June 2024EVIQ joined CharIN, a global association dedicated to developing and promoting interoperable charging standards for electric vehicles. Membership connects EVIQ with global industry leaders including automakers, charging manufacturers, and energy providers.
• CeerstrategicStrategic or Co-development Partner · 30 May 2024MoU to empower Saudi Arabia's EV ecosystem with reliable charging infrastructure and solutions for EV drivers. Ceer is Saudi Arabia's first EV brand and OEM targeting 150,000 vehicles annually.
• Red Sea Global (RSG)strategicStrategic or Co-development Partner · 23 May 2024Strategic partnership to install, operate, and maintain EV chargers at RSG's luxury tourism destinations including The Red Sea and AMAALA along Saudi Arabia's west coast, supporting carbon neutrality goals.
• Lucid GroupstrategicStrategic or Co-development Partner · 18 May 2024MoU signed to provide high-speed public charging infrastructure for Lucid customers utilizing EVIQ's charging stations. The collaboration aims to drive innovation and accelerate EV ownership in Saudi Arabia.
• TAWALstrategicTechnology or Integration · 4 March 2024EVIQ partnered with TAWAL, Saudi Arabia's leading ICT infrastructure provider, at LEAP 2024. TAWAL provides connectivity solutions for EVIQ chargers enabling live status updates and uninterrupted connectivity across the charging network.
• ROSHN GroupfoundationalChannel Partner/ Reseller/ Distributor · 15 January 2024EVIQ's first public EV charging site opened at ROSHN Front in Riyadh, serving over 800,000 monthly visitors. ROSHN is Saudi Arabia's national real estate developer.
• Saudi Electricity Company (SEC)coreStrategic or Co-development Partner · 12 November 2023EVIQ is a joint venture between PIF and SEC. SEC provides electricity infrastructure expertise and grid connectivity for charging station deployment across the Kingdom.

Scale indicators9 records

Recent moves10 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/eviqsa
• Facebookfacebook.com/eviqsa
• LinkedInlinkedin.com/company/eviqsa
• Instagraminstagram.com/eviqsa

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Electric Vehicle Infrastructure