Chaevi
Chaevi is a South Korean EV charging solutions provider, founded in 2016 and KOSDAQ-listed in 2026, that designs, manufactures, and operates AC and DC chargers, software, and services for public-sector clients, OEMs such as Hyundai, and operators across Korea, the US, UAE, Canada, and Qatar.
- Company typePublic
- Founded2016
- HeadquartersDaegu, South Korea
- Headcount251–500
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Chaevi does
Chaevi is a South Korean provider of end-to-end electric vehicle charging solutions, founded in 2016 and listed on KOSDAQ in April 2026. The company designs, manufactures, and operates AC and DC chargers under its own brand, supported by a charging management platform and consumer-facing app. Its installed base exceeds 10,000 chargers, of which roughly 6,000 are directly owned and the balance operated on behalf of third parties such as the Korea Environment Corporation and Seoul Energy Corporation.
The technical platform centers on OCPP-compliant hardware and software, with Chaevi being the only Korean company certified for all OCPP 1.6 criteria. The portfolio is protected by 36-38 patents filed in 8 or more countries, and the company reports a 0.32% field failure rate, a metric it uses in public-sector bids. Recent product extensions include Megawatt Charging System (MCS) hardware for high-power applications and AI-based charging analytics developed with KT, such as the Stable Evaluate site-selection tool.
Chaevi generates revenue through a mix of hardware sales, ownership-based charging service revenue across its ~6,000 owned chargers, software and management fees for ~4,000 third-party-operated units, and government contract work secured via its Public Procurement Service (PPS) Outstanding Product Designation. The company serves Korean public-sector clients, OEM partners including Hyundai via Plug & Charge, and is expanding internationally through distribution partners in the UAE (Emirates Electrical Engineering), Canada (Foreseeson Technology), and a new California manufacturing base supporting the US and adjacent markets. It is led by co-CEOs Jeong Min-Kyo and Choi Young-Hoon.
Chaevi firmographics
Firmographics- Name
- Chaevi
- Legal name
- Chaevi Company Ltd
- Website
- https://chaevi.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Ipo
- Headcount range
- 251–500 employees
- Short description
- Chaevi is a South Korean EV charging solutions provider, founded in 2016 and KOSDAQ-listed in 2026, that designs, manufactures, and operates AC and DC chargers, software, and services for public-sector clients, OEMs such as Hyundai, and operators across Korea, the US, UAE, Canada, and Qatar.
- Ownership category
- akta.pro rank
Chaevi industry classification
Industry- Product category
- EV Charging Infrastructure
- NAICS
- Battery Manufacturing (33591), Electric Power Distribution (221122), Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Motors & Generators (3621)
- akta.pro primary industry
- EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE)
- akta.pro secondary industry
- EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG)
Keywords
Where Chaevi is headquartered
LocationHeadquarters
- HQ city
- Daegu
- HQ country
- South Korea
- HQ region
- Asia
Offices5 records
Markets served
Chaevi business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Charging Session Fees: Per-kWh and per-minute charging fees paid by EV drivers at Chaevi stations. Pricing is tiered by charger speed (430 KRW for fast 100kW+, 410 KRW for sub-100kW fast, 315 KRW semi-fast, 275 KRW slow for members; 590 KRW for non-members). Different rates for Chaevi Members, V Members, Ministry of Environment, and KEPCO.
- Hardware Sales (B2B / International): Sale of EV charging hardware to international partners and resellers. Example: $5.5 million deal with Emirates Electrical Engineering in the UAE to supply 1,000 chargers (11 kW to 100 kW) over two years. Includes similar arrangements with Foreseeson Technology in Canada.
- Government Contracts (Manufacturing & Installation): Revenue from public-sector tenders to manufacture, install, and commission fast chargers — e.g., Zone 4 of the 2026 Public EV Fast Charger Manufacturing and Procurement Project (136 standalone 100-kW chargers and 113 simultaneous 200-kW chargers across southern regions) and a Seoul Energy Corporation contract (12 dual-type fast chargers + 8 canopies).
- V Member Subscription: Subscription-style 'V Member' pricing program offering discounted charging rates (e.g., 331.1 KRW/kWh for fast 100kW+ vs. 430 KRW for regular members), driving recurring revenue and customer stickiness.
- Revenue-Sharing Site Host Model: No-upfront-cost deployment model where Chaevi builds/operates chargers and shares revenue with site hosts (and carbon-credit revenue) — used in the Canadian rollout with Foreseeson Technology starting in British Columbia.
- Roaming Network Fees: Interchange-style fees when Chaevi members use third-party roaming partner chargers (A–N company list includes E-pit, GS ChargEV, SK Electlink, Hyundai Engineering, etc.), and vice versa.
- Home Charger Installation & Hardware: Sale and installation of residential 7kW private chargers (DCV-3HC7-L model) to individual consumers and corporate fleet owners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Chaevi Members — pay-per-use charging by charger speed |
| Subscription | Monthly | V Members — subscription-style discounted pricing |
| Usage-based | Pay-as-you-go | Special institutional rates (Ministry of Environment & KEPCO) |
| Usage-based | Pay-as-you-go | Roaming partner rates (A–N company list) |
| One time/ perpetual license | One time/ perpetual license | Home Charger (DCV-3HC7-L) — hardware + installation |
Go-to-market motion6 records
Distribution channels9 records
Marketing channels10 records
Chaevi product offering
Product offeringCore offering
Chaevi manufactures EV charging hardware ranging from 7kW home chargers (DCV-3HC7-L) to 200kW simultaneous ultra-fast chargers, and operates a network of approximately 10,000 chargers (about 6,000 directly owned) in Korea. It also delivers installation and O&M services, the Chaevi Stay lifestyle-charging hub concept, the MegaStation ultra-fast charging product, the Chaevi App for driver reservation and payment, the V Members subscription program, and the Chaevi Card (RFID/digital) for charger activation.
Differentiator
Problem solved
Functional benefit
Brands
- Chaevi Stay (채비스테이): Multi-story customer lounge concept attached to Chaevi charging stations, including cafes, restaurants, convenience stores, car-care areas, EV rentals, last-mobility zones, and customer lounges.
- Chaevi MegaStation (메가스테이션)
- CHAEVI MCS
- Chaevi App
Products and services
- Chaevi Home Charger (DCV-3HC7-L) A 7kW home EV charger sold to individual EV owners for residential installation, paired with Chaevi's installation services. Designed for personal consumer use and bundled with after-sales support.
- Chaevi MegaStation An ultra-fast EV charging station delivering simultaneous high-power charging (up to 200kW), deployed at public and commercial sites in Korea and internationally. Targeted at site hosts, public-sector tenders, and B2B buyers needing high-throughput fast charging.
- Chaevi Stay A lifestyle-charging hub concept that combines ultra-fast EV charging with on-site amenities (food, retail, rest areas) at flagship locations. Targeted at site hosts and end consumers seeking an elevated charging experience.
- Chaevi EV Charging Network Service Public and semi-public EV charging service operated across approximately 10,000 chargers (about 6,000 directly owned by Chaevi) in Korea. Drivers access the network via the Chaevi App, Chaevi Card, or roaming partner apps, paying per-session fees.
- Chaevi App Mobile application enabling EV drivers to locate Chaevi chargers, reserve slots, activate charging sessions, manage payments, and manage their V Members subscription.
- V Members Subscription A subscription program offering members discounted per-session charging rates and additional benefits across the Chaevi charging network.
- Chaevi Card An RFID and digital card that authenticates drivers and activates Chaevi chargers without requiring the mobile app, supporting contactless and driver-friendly session start.
- EV Charger Installation and O&M Services End-to-end installation, commissioning, operations, and maintenance services for Chaevi-deployed chargers at consumer, commercial, and public-sector sites in Korea and internationally.
- DC Fast Charger Hardware (7kW to 200kW range) In-house manufactured DC fast charger hardware spanning 7kW to 200kW outputs, sold to B2B buyers and government agencies internationally (including a ~USD 5.5 million UAE contract). OCPP 1.6/2.0.1 certified with 95% energy conversion efficiency.
Quantifiable outcome
- Manages 10,000+ chargers, including ~6,000 directly owned
- +7 more outcomes
Companies that use Chaevi
Customer profileNamed customers13 records
Segments8 records
Ideal customer profiles6 records
Chaevi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration8 records
AI capability1 record
Feature9 records
Chaevi partnerships and signals
Strategic signalPartnerships
29 partnerships are on record, tiered major government customer/partner, major domestic technology partner, flagship international partner, flagship international channel partner, major automotive oem partner, core standards partner, major roaming partner, mid-tier roaming partner, industry association membership, mid-tier technology integration, standard certification body, standard regulatory body, mid-tier site-host partners, mid-tier technology partners, mid-tier channel partners and mid-tier industry partners.
- Korea Environment Corporation (K-eco)major government customer/partnerWon government contract under Zone 4 of the 2026 Public EV Fast Charger Manufacturing and Procurement Project from K-eco. Chaevi to manufacture and install 136 standalone 100-kW chargers and 113 simultaneous 200-kW chargers across southern regions. Contract required 95% energy conversion efficiency, 20,000 insertion cycle durability, OCPP 1.6 cybersecurity certification, and strict field failure / repair time thresholds.
- Seoul Energy Corporationmajor government customer/partnerWon Seoul Energy Corporation contract to deploy 12 dual-type fast chargers and 8 canopy structures for public facilities by December 2026.
- KT (Korea Telecom)major domestic technology partnerPartnership to introduce AI-based EV charging services. Announced June 18, 2026, combining Chaevi's charging infrastructure with KT's AI capabilities to deliver smarter charging services.
- Foreseeson Technology (Canada)flagship international partnerSupply agreement to develop ultra-fast EV charging networks and energy storage systems in Canada. Initial deployment starts in British Columbia with plans to expand nationwide. Uses a no-upfront-cost revenue-sharing model that also shares carbon credit revenue.
- Emirates Electrical Engineering LLC (Al Rostamani Group)flagship international channel partnerSigned a $5.5 million agreement for Chaevi to supply 1,000 EV chargers (11 kW to 100 kW capacity) to Dubai-based Emirates Electrical Engineering LLC, a subsidiary of the Al Rostamani Group, over two years. Chargers will be installed in key buildings across Dubai, starting with Al Rostamani Group properties. Marks Chaevi's Middle East market entry and includes local interconnection tests in Dubai.
- Emirates Electrical Engineering (EEE) — MOUflagship international channel partnerMOU signed with EEE to supply approximately 1,000 chargers over two years for the Middle Eastern market, including local interconnection tests in Dubai and leveraging regional EV infrastructure demand driven by government investments.
- Kia (corporate / OEM)major automotive oem partnerKia corporate sign-up flow available for Kia EV owners who purchased after January 1, 2024, providing access to domestic Kia chargers and Chaevi-operated chargers.
- Hyundai Motor Groupmajor automotive oem partnerOne of 12 major Korean charging operators partnering with Hyundai Motor Group to expand its plug-and-charge (PnC) network in Korea from 64 E-pit stations to over 1,500 PnC-enabled chargers starting 2026. PnC enables automatic authentication and payment without cards or additional verification.
- CharIN (Charging Interface Initiative)core standards partnerChaevi is a core member of CharIN since 2017 and the only South Korean company to receive certifications for all OCPP 1.6 criteria. Has participated in 7 CharIN festivals, symposiums, and exhibitions (2017-present), supporting global EV charging interoperability standards.
- Audi (OEM)major automotive oem partnerChaevi offers a dedicated Audi Owners sign-up flow (and is part of the Audi EV charging ecosystem) so Audi drivers can register and access Chaevi-operated and Audi-branded domestic chargers. Users can register a credit card for deferred payment or use domestic Audi / Chaevi chargers.
- Lexus (Toyota) (OEM)major automotive oem partnerChaevi offers a dedicated Lexus Owners sign-up flow (under Toyota Privacy Policy) for access to domestic Lexus chargers and Chaevi-operated chargers.
- Volkswagen (OEM)major automotive oem partnerChaevi offers a dedicated Volkswagen Owners sign-up flow for access to domestic Volkswagen chargers and Chaevi-operated chargers.
- GS Caltex (roaming partner)major roaming partnerRoaming partner — listed as I Company on Chaevi's pricing page (alongside LG Uplus and DOPCO), enabling cross-network access for members of each network.
- SK Electlink / Everon (roaming partner)major roaming partnerRoaming partner — F Company (440 KRW) on Chaevi's pricing page.
- Hyundai Engineering (roaming partner)major roaming partnerRoaming partner — G Company (450 KRW) on Chaevi's pricing page; roaming fee change announced 2026-06-01 per Chaevi notice board.
- GS ChargEV (roaming partner)major roaming partnerRoaming partner — M Company (485 KRW) on Chaevi's pricing page; one of 12 operators partnering with Hyundai for the PnC network.
- NICE Infra (roaming partner)major roaming partnerRoaming partner — E Company on Chaevi's pricing page; one of 12 operators partnering with Hyundai for the PnC network.
- HD Hyundai E-pit (roaming partner)major roaming partnerRoaming partner — B Company (E-pit) at 460 KRW on Chaevi's pricing page.
- Jeju Special Self-Governing Province (roaming partner)major roaming partnerRoaming partner — A Company at 320 KRW on Chaevi's pricing page.
- LG Uplus (roaming partner)mid-tier roaming partnerRoaming partner — listed under I Company (alongside GS Caltex and DOPCO) on Chaevi's pricing page.
- CharIN Member's Certificate holder (ecosystem)industry association membershipCharIN member since 2017; participates in 7 CharIN festivals, symposiums, and exhibitions (2017-present) to advance global EV charging interoperability standards.
- Stable (Stable Evaluate)mid-tier technology integrationChaevi uses Stable Evaluate to screen potential charging sites and prioritize capital allocation for multi-site rollouts across retail, convenience, and commercial locations. The tool provides an independent, third-party forecast for site selection and prioritization, helping Chaevi and its customers reduce friction in project evaluation.
- Korea Testing Laboratory (KTL) — certification partnerstandard certification bodyKorea Testing Laboratory (KTL) provided Korea Certifications (K-Mark) for Chaevi's chargers (DM-3SB7, DCV-3SB14C in 2018; DM-3FT50 in 2018).
- South Korean MOTIE / Korea Energy Corporation / PPS (regulatory partners)standard regulatory bodyMultiple regulatory partners: South Korean Ministry of Trade, Industry and Energy (MOTIE) — K-Mark certifications and Smart Grid Business Registration; Korea Energy Corporation — High Efficiency Energy Appliance certificates; South Korean Public Procurement Service (PPS) — Outstanding Product Designation and Venture Country Certificate; CharIN — Member's Certificate; Korea Industrial Technology Association — Research Institute Certificate.
- Korean Refinery Partners (logo group)mid-tier site-host partnersTwo Korean refinery partners listed under the Refinery partner logo group on the Chaevi brand page — site hosts for Chaevi Stay and MegaStation forecourt charging.
- Korean IT Partners (logo group)mid-tier technology partnersFive IT partner logos listed on the Chaevi brand page, supporting Chaevi's digital and software ecosystem.
- Korean Trading Company Partners (logo group)mid-tier channel partnersThree Korean trading company partners listed on the Chaevi brand page — supports export and distribution channels.
- Korean Public/Private Land Partners (logo group)mid-tier site-host partners13 public/private land partner logos listed on the Chaevi brand page — site hosts for charging locations across Korea.
- Korean EV Charging Company Partners (logo group)mid-tier industry partnersThree EV charging company partners listed on the Chaevi brand page — industry peers and integration partners.
Scale indicators17 records
Recent moves11 records
Expansion highlights6 records
Chaevi competitors and assessment
Company assessmentDirect peers
- ChargePoint: US-listed EV charging network operator and hardware vendor with one of the largest North American networks. Highly comparable business model (hardware + network software + subscription services) and target markets, though focused on Level 2 AC and DC fast charging in commercial/fleet settings.
- GS Caltex / GS ChargEV: Korean refiner-affiliated EV charging operator deploying forecourt chargers at GS Caltex gas stations nationwide. Listed as Chaevi's 'M Company' roaming partner (485 KRW) and one of 12 Hyundai PnC operators, making it a directly comparable Korean charging network with adjacent fuel-station site-host assets.
- HD Hyundai E-pit: South Korea's largest premium DC fast-charging network operated by HD Hyundai; a direct competitor to Chaevi in Korea and listed as Chaevi's 'B Company' roaming partner. Competes head-to-head for government tenders, OEM partnerships, and Hyundai/Kia driver charging sessions.
- Star Charge / TELD: Chinese EV charging operator and equipment manufacturer with one of the world's largest charging networks. Comparable integrated hardware + network business, large patent portfolio, and aggressive international expansion similar to Chaevi's strategy in the UAE, Canada, and US.
- SK Electlink (SK Signet): SK Group's EV charging arm combining SK Signet (DC fast charger manufacturing) and SK Electlink (network operation). A directly comparable Korean integrated manufacturer-operator and Chaevi's 'F Company' roaming partner (440 KRW), competing in both hardware and government-tender channels.
- Blink Charging: US-based vertically integrated EV charging equipment manufacturer and network operator selling hardware globally while operating charging stations. Directly comparable to Chaevi's combined hardware manufacturing and network operation business model, with similar international expansion ambitions.
- EVgo: US public DC fast-charging network operator with ~1,000 fast-charging stations across 40+ states. Closely comparable to Chaevi in focus on DC fast charging, network-as-a-service model, and pursuit of federal NEVI subsidies for US expansion.
Broad incumbents
- Tesla Supercharger: Largest global DC fast-charging network, now opening to non-Tesla vehicles via NACS. A broad incumbent setting industry benchmarks for reliability, scale, and pricing, and the primary network Chaevi's 7kW home charger and roaming arrangements compete against in many markets.
- ABB E-mobility: Global industrial incumbent's EV charging division providing AC and DC fast chargers, including high-power units up to 600 kW. Directly comparable hardware technology (OCPP compliance, high-power DC) but operates as part of a broader industrial portfolio rather than as a focused charging operator.
Regional players
- Allego: European public EV fast-charging network operator with a charging-as-a-service model and a roaming partner footprint. Directly comparable as a publicly listed pure-play charging network operator in a different geography, useful as a public-market comparable for Chaevi's KOSDAQ-listed equity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Chaevi social profiles
Digital presenceChaevi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Chaevi leadership team
Management profileNumber of profiles
Profiles3 records
Chaevi subsidiaries and ownership
Company hierarchySubsidiaries1 record
Chaevi funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Chaevi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Chaevi
What does Chaevi do?
Chaevi manufactures EV charging hardware ranging from 7kW home chargers (DCV-3HC7-L) to 200kW simultaneous ultra-fast chargers, and operates a network of approximately 10,000 chargers (about 6,000 directly owned) in Korea. It also delivers installation and O&M services, the Chaevi Stay lifestyle-charging hub concept, the MegaStation ultra-fast charging product, the Chaevi App for driver reservation and payment, the V Members subscription program, and the Chaevi Card (RFID/digital) for charger activation.
Is Chaevi a public or private company?
Chaevi is a public company. It is classified as public and is currently ipo.
When was Chaevi founded?
Chaevi was founded in 2016. It employs 251 to 500 people.
Where is Chaevi based?
Chaevi is headquartered in Daegu, South Korea, in the Asia region.
How does Chaevi make money?
Seven revenue lines are on record. Charging Session Fees are the primary driver. The others are hardware Sales (B2B / International), government Contracts (Manufacturing & Installation), V Member Subscription, revenue-Sharing Site Host Model, roaming Network Fees and home Charger Installation & Hardware.
Who are Chaevi's main competitors?
Direct peers on record are ChargePoint, GS Caltex / GS ChargEV, HD Hyundai E-pit, Star Charge / TELD, SK Electlink (SK Signet), Blink Charging and EVgo. Broad incumbents are Tesla Supercharger and ABB E-mobility. Allego is listed as a regional player.
Does Chaevi have an API?
No public API is recorded for Chaevi.
What industry is Chaevi in?
Chaevi's product category is EV Charging Infrastructure. Its primary akta.pro industry code is IMACACAE, EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers), with a secondary code of TLAKAMAG, EV Charging Network Management & Software Services (CPMS, Monitoring, Billing). Its NAICS code is 33591 and its SIC code is 3600.