What Pumpkin does

Pumpkin (주)펌프킨) is a privately held South Korean company, founded in 1990 and headquartered in Namyangju-si, Gyeonggi-do, that designs, manufactures, and operates high-power electric-vehicle charging infrastructure focused exclusively on commercial vehicles—primarily electric buses and taxis, with extending platforms for trucks, heavy construction equipment, electric ships, and optionally-piloted personal air vehicles (OPPAV/UAM). The company's core technology is the proprietary eBAB platform, which centers on 1:N sequential charging from a single power-bank unit (100–480kW class), a moving-robot pantograph automated charging system with AI-based vehicle positioning (backed by 11 original patents and 100% domestic component localization), an OCPP V2.0.1-certified Charging Station Management System (CSMS), and a parking-control integrated fast charger that unifies vehicle-type detection, parking enforcement, and charging fee calculation. An AI-driven management layer ("AI eBAB" / Bigdata eBAB) processes 1B+ charging records from the deployed base of 4,500+ chargers for predictive maintenance, battery diagnostics, optimal scheduling, and grid demand-response participation.

Pumpkin reports 79% market share in Korea's electric bus charging infrastructure segment, with 162+ installations at 100kW+ capacity and 170MW total installed capacity serving ~2,000 commercial EVs across 306+ stations nationwide. The company generates revenue through three streams: (1) hardware sales of chargers, power banks, dispensers, pantograph units, and parking-integrated chargers; (2) one-time project fees from government-subsidized construction and installation contracts (e.g., MOE brand-business orders of 220+ billion KRW in 2024 alone); and (3) recurring managed-services revenue from long-term charging-service contracts with municipal governments (Seoul 7-year consecutive program implementer, Cheongju City 10-year commitment). 2024 revenue was approximately 35.2 billion KRW (~$25M USD), up 41% YoY, with operating profit of 3.5 billion KRW. Distribution is B2B-direct through competitive public procurement, with strategic partnerships with Hyundai Motor (pantograph co-development), LS Electric (component localization), SJ Tech (AI), and Hydrogen Energy Network (converged EV+hydrogen charging). CE certification of the 480kW Power Bank in April 2025 established the foundation for European market entry.

Name

Pumpkin

Legal name

(주)펌프킨

Website

https://epumpkin.co.kr

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

51–100 employees

Short description

Pumpkin (주)펌프킨) is a South Korean EV-charging infrastructure company focused exclusively on commercial vehicles—electric buses, taxis, trucks, construction equipment, ships, and UAM/aircraft—via its proprietary eBAB platform (1:N sequential charging, 480kW pantograph, OCPP-certified CSMS, AI management layer) sold to municipal governments and fleet operators.

Ownership category

akta.pro rank

Product category

Commercial EV Charging Infrastructure

NAICS

Electrical Equipment Manufacturing (33531)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Services (4911)

akta.pro primary industry

EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)

akta.pro secondary industries

EV Charging Equipment Installation & Commissioning (AC/DC, Depot/Fleet) (TLAKAMAE), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH), EV Charger Operations, Maintenance & Field Service (O&M) (TLAKAMAF)

Keywords

• EV charging infrastructure
• Commercial vehicle charging
• Fleet charging systems
• Pantograph automated charging
• Smart city energy solutions

Headquarters

HQ city

Gyeongju

HQ country

South Korea

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EV Charger Manufacturing & Hardware Sales: Designs, manufactures, and sells high-power EV chargers (120kW to 480kW) including power banks, dispensers, pantograph units, and parking-integrated chargers. Hardware is sold directly to fleet operators, governments, and enterprises as part of infrastructure projects.
2. Charging Infrastructure Construction & Installation: Provides custom charger installation and charging station construction services for bus depots, taxi stands, and public facilities. Revenue generated through one-time project fees from government-subsidized programs and direct enterprise contracts.
3. Fleet Charging Services & Managed Operations: Ongoing charging service provision to fleet operators including real-time monitoring, maintenance, and operational management. Generates recurring revenue from long-term service contracts with transport companies and municipal governments. 2024 revenue: 352 billion KRW; operating profit: 35 billion KRW.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Pumpkin manufactures, installs and operates a proprietary line of high-power DC fast EV chargers (50kW–480kW) and supporting components marketed under the eBAB brand, with a focus on commercial vehicle fleets such as electric buses, taxis, trucks, heavy equipment, ships and personal air vehicles. Beyond hardware, the company delivers custom charging-station construction, managed fleet charging services under multi-year contracts, and an AI-driven OCPP V2.0.1 certified Charging Station Management System that enables 1:N sequential charging, bidirectional demand response and predictive maintenance.

Product overview

Pumpkin operates a comprehensive e-Mobility charging infrastructure platform consisting of the eBAB product family and integrated solutions. The core offerings include Bus eBAB and Taxi eBAB for fleet vehicle charging, the Parking Management Incorporated EV Charger (120kW) combining parking enforcement with rapid charging, and Moon eBAB (200-400kW) for premium segments. The smart city solutions encompass Smart City eBAB, Hybrid ESS eBAB for energy storage integration, Power Sharing eBAB with dynamic power allocation, and DR eBAB enabling grid demand response. R&D products include Moving Robot eBAB (automated pantograph, 480kW), Air eBAB for UAM/aviation, Heavy Equipment eBAB for construction machinery, and Ship eBAB for maritime vessels. The ICT layer provides Bigdata eBAB analytics platform and On-Demand Mobility services. The Power Bank component serves as the energy storage core. All products are managed through the AI-integrated eBAB control platform.

Differentiator

Problem solved

Functional benefit

Brands

• eBAB: Pumpkin's representative eco-friendly charging system brand. 'Bab' means 'a meal' in Korean, symbolizing the company's vision of providing energy (electricity) to EVs as a hearty meal. Products include Bus eBAB, Taxi eBAB, Parking Management Incorporated EV Charger, Moon eBAB, Smart City eBAB, Hybrid ESS eBAB, Power Sharing eBAB, DR eBAB, and various R&D products including Moving Robot eBAB, Air eBAB, Heavy Equipment eBAB, and Ship eBAB.

Products and services

• Bus eBAB Electric bus charging infrastructure system featuring 1:N sequential charging technology that lets multiple vehicles charge efficiently from a single power source, supporting 100kW to 9,000kW capacity installations for public and private bus fleets.
• Taxi eBAB Electric taxi charging infrastructure providing 1-2 fast chargers per station for urban deployments and 10-30 chargers with up to 100kW parallel charging for large-scale taxi operations supporting approximately 1,000 electric taxis per site.
• Parking Management Incorporated EV Charger (120kW) Multi-function rapid charger integrating EV charging up to 120kW with parking control, enforcement monitoring, vehicle type analysis and illegal parking detection in a single unit.
• Moon eBAB Premium ultra-fast charging system (Moon Series) rated 200-400kW for installation in premium residential and hospitality facilities, providing high-speed charging for luxury electric vehicles.
• Smart City eBAB Smart city charging infrastructure providing integrated charging for open-air stations, PM (personal mobility) stations, autonomous shuttles, and V2G (Vehicle-to-Grid) connected charging infrastructure with renewable energy supply.
• Hybrid ESS eBAB Hybrid Energy Storage System charging solution featuring 350kWh ultra-fast and wireless charging technology with high-output ESS capability, demonstrated at two domestic gas stations.
• Power Sharing eBAB Active power variable high-efficiency rapid charger (100-1,000kW) with real-time energy distribution logic using KATECH-patented technology transferred from Korea Automobile Technology Evaluation Agency.
• DR (Demand Response) eBAB Bidirectional charging power trading control technology (Pumpkin patent) enabling profit generation through power grid demand response, currently managing 40MEGA chargers with monthly revenue of 15 million KRW and planned expansion to 200MEGA.
• Moving Robot eBAB (Pantograph Automated Charging) Automated pantograph charging system with 480kW capacity and 11 original patents, featuring AI-based autonomous vehicle positioning, moving robot technology for sequential charging of multiple buses, trucks, trams and autonomous vehicles.
• Air eBAB Aviation sector charging system for OPPAV (Optionally Piloted Personal Air Vehicles) developed under national R&D with Korea Aerospace Research Institute, including fixed chargers for hangars and mobile chargers for airstrips supporting K-UAM infrastructure.
• Heavy Equipment eBAB First domestically manufactured rapid charger for heavy construction equipment with 20-300kWh battery capacity, developed with 550 million KRW Gyeonggi-do support, increasing daily operating time by 1 hour and reducing charging time by 75%.
• Ship eBAB Electric ship charging infrastructure selected for 2022 Korea Maritime Science and Technology Institute revolutionary technology development, featuring Ship-2-Grid bidirectional power transmission system for 100kW power monitoring.
• Power Bank (480kW CE-Certified) High-capacity energy storage device converting AC power to DC for EV batteries; the 480kW Power Bank variant received CE certification for global market expansion and supports power sharing and sequential charging configurations.
• Bigdata eBAB Platform Charging big data integrated operation and control solution (supported by Ministry of Science and ICT) providing charger monitoring via web and mobile apps, collecting charging history, vehicle data, traffic data and weather data for analysis and predictive optimization.

Quantifiable outcome

• 79% market share in Korea's electric bus charging infrastructure sector
• +7 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• LS Electric (LS일렉트릭)coreTechnology or Integration · 1 May 2025Strategic MOU for EV charging infrastructure component localization and quality assurance. LS Electric developing DC circuit breakers and DC power solutions for electric commercial vehicle chargers. Partnership aims to reduce dependence on Chinese-made components (currently ~90% of power module market) and improve quality for Korean charging infrastructure. Joint cooperation on market expansion and charging equipment quality enhancement.
• SJ Tech (에스제이솔텍)coreTechnology or Integration · 1 February 2025MOU for joint development of AI-based intelligent charging service. SJ Tech provides AI algorithms for vehicle operation data analysis, charging demand prediction, and real-time grid load optimization. Pumpkin contributes 1 billion+ records of charging infrastructure operational data and domain expertise. Target: launch AI eBAB automatic charging control and integrated management technology for commercial vehicle fleets.
• Hydrogen Energy Network (하이넷 / 수소에너지네트워크)coreStrategic or Co-development Partner · 1 January 2025Strategic business agreement for expanding converged charging infrastructure combining electric and hydrogen charging. Joint development of integrated electric+hydrogen charging station management platform. Focus on fire safety solutions for large-scale converged charging facilities. Hydrogen network operates 47 hydrogen charging stations at 55 locations nationwide; Pumpkin operates 367 large-scale charging stations (1,000kW+). Partnership targets integrated data collection and smart converged charging station development.
• Hyundai Motor Company (현대자동차)coreStrategic or Co-development Partner · 1 January 2025Co-development of pantograph non-contact automated charging system (480kW capacity). Hyundai designated as the major customer (H사) in Pumpkin's pantograph moving robot charging system development. Also collaborating on autonomous driving EV charging systems. Original technology developed with support from KEIT (Korea Industrial Technology Evaluation Institute).
• Korea Energy Technology Evaluation Institute (한국에너지기술평가원 / KETEP)majorStrategic or Co-development Partner · 1 January 2024KETEP supports commercialization of Pumpkin's pantograph automated charging technology as a national R&D project. Provides funding and technical evaluation for moving robot automated charging system realization.
• Gangwon-do Hoengseong County (강원도 횡성군)minorStrategic or Co-development Partner · 1 January 2023MOU signed with Hoengseong county for future manufacturing facility establishment. Pumpkin invested 15 billion KRW for land acquisition (~37,000 pyung) and plans to build R&D and production facilities.
• Korea Aerospace Research Institute (한국항공우주연구원)majorStrategic or Co-development Partner · 1 January 2021OPPAV (Optionally Piloted Personal Air Vehicle) exclusive rapid charging system development and installation. KARI serves as hosting/supervising institution with Pumpkin providing hangar and airstrip rapid charger development, installation, and ongoing operation. Part of national R&D project under MOLIT and MOTIE.
• Korea Power Exchange (전력거래소 / KPX)majorTechnology or Integration · 1 January 2021KPX certifies Pumpkin's DR (Demand Response) technology for participation in grid demand response programs. Pumpkin's patented bidirectional charger control software interfaces with KPX for power trading. Currently certified for 40MEGA with plans to expand to 200MEGA.

Scale indicators11 records

Recent moves7 records

Expansion highlights7 records

Emerging players

• Wallbox: Spanish EV charging solutions provider with bidirectional (V2G) chargers, DC fast chargers, and energy management software. Comparable for its bidirectional charging and energy management technology that overlaps with Pumpkin's DR (Demand Response) and V2G capabilities, though smaller and more consumer-focused in current scale.

Regional players

• Allego: European EV charging network operator with both owned/operated charging hubs and charging-as-a-service for commercial fleets. Comparable as a charging infrastructure operator with depot charging and managed-services revenue model, but primarily European-focused and not directly competing in Korea.

Direct peers

• SK Signet: Korean EV charger manufacturer supplying DC fast chargers (50kW-400kW) including ultra-fast chargers for highway and fleet use. Directly comparable as a Korean-headquartered competitor in the domestic commercial-vehicle charging market where Pumpkin holds 79% share.
• ChargePoint: US-listed EV charging network operator with hardware and cloud software for commercial fleets, workplaces, and public charging. Comparable business-model combination of charging hardware plus networked software/CSMS, but with consumer/passenger-vehicle focus rather than Pumpkin's commercial-vehicle depot specialization.
• EVBox: European EV charging hardware and software provider (AC and DC up to 400kW) serving commercial fleets, workplaces, and public charging. Comparable as a full-stack EV charging company offering hardware + OCPP-compliant CSMS, with focus on commercial and fleet customers similar to Pumpkin's segment.
• Kempower: Finnish DC fast-charging manufacturer (50-600kW) specializing in dynamic power sharing and modular charging systems for commercial vehicles and highway corridors. Directly competes with Pumpkin's eBAB Bus/Taxi and Power Sharing products in the commercial-depot and high-power sequential charging segment.
• Tritium: Australian DC fast-charger manufacturer (50kW-350kW+) with strong presence in US, Europe, and Australia. Comparable as a pure-play DC fast charging hardware specialist serving commercial-fleet and highway charging — directly overlapping Pumpkin's core hardware product range.

Broad incumbents

• ABB E-mobility: ABB's e-mobility division manufactures DC fast chargers (including 350kW+ units) and provides charging software for public and commercial fleets globally. Directly comparable as a Tier-1 EV charging hardware manufacturer targeting commercial-vehicle depots, but operates as a much larger incumbent with broader industrial portfolio and global footprint versus Pumpkin's Korea-focused commercial-vehicle niche.
• Siemens eMobility: Siemens offers VersiCharge and high-power DC charging hardware with grid integration and depot management software, serving commercial fleets, dealerships, and public charging. Closely comparable to Pumpkin's product breadth across hardware + management software, but at significantly larger scale and global reach.

Others

• LS Electric: Korean electrical equipment manufacturer and Pumpkin's strategic MOU partner for component localization (DC circuit breakers, power solutions). Relevant as both a partner and adjacent competitor in EV charging power components; comparable through overlapping Korean commercial customer base and power-electronics technology.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/펌프킨-ebab-105879081942513
• Instagraminstagram.com/pumpkin_eco

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Pumpkin