Chaevi

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.

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

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

• EV charging infrastructure
• EV charger manufacturing
• Public fast charging
• Home EV charging
• OCPP charging network

Headquarters

HQ city

Daegu

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

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

1. 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.
2. 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.
3. 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).
4. 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.
5. 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.
6. 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.
7. 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

Go-to-market motion6 records

Distribution channels9 records

Marketing channels10 records

Core 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

Named customers13 records

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability1 record

Feature9 records

Partnerships

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/partnerStrategic or Co-development Partner · 25 June 2026Won 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/partnerStrategic or Co-development Partner · 25 June 2026Won 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 partnerStrategic or Co-development Partner · 18 June 2026Partnership 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 partnerStrategic or Co-development Partner · 30 March 2026Supply 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 partnerChannel Partner/ Reseller/ Distributor · 26 March 2026Signed 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 partnerStrategic or Co-development Partner · 25 March 2026MOU 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 partnerOEM/ Whitelabel/ Licensing Partner · 1 January 2026Kia 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 partnerStrategic or Co-development Partner · 18 December 2025One 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 partnerStrategic or Co-development Partner · 20 September 2017Chaevi 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 partnerOEM/ Whitelabel/ Licensing 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 partnerOEM/ Whitelabel/ Licensing 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 partnerOEM/ Whitelabel/ Licensing 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 partnerChannel Partner/ Reseller/ DistributorRoaming 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 partnerChannel Partner/ Reseller/ DistributorRoaming partner — F Company (440 KRW) on Chaevi's pricing page.
• Hyundai Engineering (roaming partner)major roaming partnerChannel Partner/ Reseller/ DistributorRoaming 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 partnerChannel Partner/ Reseller/ DistributorRoaming 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 partnerChannel Partner/ Reseller/ DistributorRoaming 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 partnerChannel Partner/ Reseller/ DistributorRoaming partner — B Company (E-pit) at 460 KRW on Chaevi's pricing page.
• Jeju Special Self-Governing Province (roaming partner)major roaming partnerChannel Partner/ Reseller/ DistributorRoaming partner — A Company at 320 KRW on Chaevi's pricing page.
• LG Uplus (roaming partner)mid-tier roaming partnerChannel Partner/ Reseller/ DistributorRoaming partner — listed under I Company (alongside GS Caltex and DOPCO) on Chaevi's pricing page.
• CharIN Member's Certificate holder (ecosystem)industry association membershipStrategic or Co-development PartnerCharIN 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 integrationTechnology or 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 bodyTechnology or IntegrationKorea 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 bodyStrategic or Co-development PartnerMultiple 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 partnersChannel Partner/ Reseller/ DistributorTwo 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 partnersTechnology or IntegrationFive 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 partnersChannel Partner/ Reseller/ DistributorThree 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 partnersChannel Partner/ Reseller/ Distributor13 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 partnersChannel Partner/ Reseller/ DistributorThree EV charging company partners listed on the Chaevi brand page — industry peers and integration partners.

Scale indicators17 records

Recent moves11 records

Expansion highlights6 records

Direct 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

• LinkedInlinkedin.com/company/chaevi

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 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 Chaevi