The Watt

What The Watt does

The Watt Co., Ltd. is a Seoul-based, privately held EV charging platform company founded in November 2021. It develops and commercializes the EV-STOPPER, a carstopper-form-factor EV charger that converts existing parking stoppers into slow-charging stations (7kW to 11kW per unit) by attaching the units to an energized electric rail raceway. A single rail system supports up to 15 EV-STOPPER units, enabling property owners and managers to deploy multi-port charging infrastructure with lighter construction work than traditional charger installation. The company's complementary CHARGER WATT mobile app provides EV drivers with real-time charging station location, availability status, low charging rates, and a subscription-based access model.

The Watt sells primarily to B2B customers including apartment complexes, commercial buildings, and property management companies through direct enterprise sales channels, with inquiries handled via website, email, and phone. The company has built a hybrid revenue model combining hardware sales (EV-STOPPER units and electric rail systems), recurring subscription revenue via the CHARGER WATT app, and usage-based platform services for real-time station information. Pricing is not publicly disclosed.

Operationally, The Watt has completed patent registration (February 2023), factory registration (March 2023), meter manufacturing business registration (August 2023), and EV charging business registration (October 2023), and was selected for the Seoul-type TIPS Technology Support Program in October 2023. Strategic partners include Kwangwoon University (wireless charging R&D), Kwangmyeong-PNC Tech (charger technology cooperation), and The Invention Lab Co., Ltd. (institutional investor via the Invention Lab-DS Networks investment association, August 2023). The company is exploring Southeast Asian markets alongside its South Korean base.

Name

The Watt

Legal name

The Watt Co., Ltd

Website

https://thewatt.co.kr

Company type

Private

Founded year

2021

Operating status

Operating

Short description

The Watt is a Seoul-based EV charging platform company that converts parking stoppers into EV chargers via an electric rail system, selling EV-STOPPER hardware and the CHARGER WATT subscription app to apartment complexes, commercial buildings, and property managers.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure

NAICS

Switchgear and Switchboard Apparatus Manufacturing (335313), Current-Carrying Wiring Device Manufacturing (335931)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Switchgear & Switchboard Apparatus (3613)

akta.pro primary industry

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

akta.pro secondary industries

Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH), EV Charging Network Management & Software Services (CPMS, Monitoring, Billing) (TLAKAMAG), EV Charging Operations & Parking-Lot Electrification Management (BPABAKAK)

Keywords

• Electric vehicle charging
• EV charging infrastructure
• Carstopper chargers
• Parking lot EV chargers
• EV charging platform

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. EV-STOPPER Hardware Sales: Sale of EV-STOPPER hardware units and electric rail systems to property owners, apartment complexes, and commercial buildings for installation in parking facilities.
2. CHARGER WATT Subscription Service: Subscription-based service provided through the CHARGER WATT app, offering EV users access to charging stations with low charging rates and real-time station information.
3. Charging Station Platform Services: Platform services enabling real-time charging station information sharing, location tracking, and user experience reviews for electric vehicle users.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

The Watt manufactures and sells the EV-STOPPER, a carstopper-type electric vehicle charger that transforms existing parking lot stoppers into EV charging stations using an energized electric rail (raceway) system, supporting up to 15 units per installation at 7kW to 11kW charging speeds. The company also operates the CHARGER WATT mobile app, which provides EV users with real-time charging station location, availability, and subscription-based access to low charging rates.

Product overview

THEWATT is a next-generation electric vehicle charging platform company that offers a unified system comprising the EV-STOPPER hardware product (a carstopper-type charger that converts parking stoppers into charging stations) and the CHARGER WATT mobile app (which provides real-time charging station information and subscription services). The company also develops the underlying energized rail technology that enables multiple chargers to be installed through a single wiring system.

Differentiator

Problem solved

Functional benefit

Brands

• EV-STOPPER: Carstopper-type electric vehicle charger that converts parking stoppers into EV charging stations, supporting up to 11kW slow charging via an energized rail system.
• CHARGER WATT

Products and services

• EV-STOPPER A carstopper-type EV charger that transforms parking stoppers installed in parking spaces into electric vehicle charging stations. Supports up to 11kW slow charging and uses an energized raceway method allowing installation of up to 15 units per rail system. Sold to property owners, apartment complexes, and commercial buildings for installation in parking facilities.
• CHARGER WATT Mobile application for electric vehicle charging that provides real-time charging station location and status information, low charging rates, and user experience reviews. Includes subscription service for EV charging access.

Quantifiable outcome

• Installation time and costs reduced dramatically compared to traditional EV charging station deployment
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Kwangwoon University Industry-Academic Cooperation GroupcoreStrategic or Co-development Partner · 1 August 2023The Watt signed a technical cooperation contract with Kwangwoon University Industry-Academic Cooperation Group in August 2023. The partnership focuses on developing and pursuing demonstration tests for wireless charging technology using the electric rail system.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• ChargePoint: ChargePoint is one of the largest EV charging network operators and hardware providers, selling Level 2 AC chargers to commercial properties, workplaces, and multi-family residences — directly overlapping The Watt's apartment-complex and commercial-building target customer base.
• Wallbox: Wallbox designs and sells compact AC EV chargers for residential and commercial use, including bi-directional units. Its Quasar and Pulsar Plus lines compete with The Watt's EV-STOPPER for the same apartment and commercial property installation slot.
• EVBox: EVBox manufactures AC and DC EV charging hardware and provides charging management software, targeting workplaces, residential, and commercial properties in Europe and globally — overlapping with The Watt's B2B charging-infrastructure value proposition.
• Blink Charging: Blink Charging operates one of the larger EV charging networks in North America, providing Level 2 AC and DC fast chargers along with networked software services — directly comparable in business model to The Watt's hardware-plus-app offering.
• FLO: FLO manufactures Level 2 and DC fast chargers and operates a charging network across North America, including significant multifamily and workplace installations — a closely comparable B2B EV charging hardware+software peer.
• Allego: Allego provides a pan-European EV charging network with proprietary charging stations and a cloud-based management platform, mirroring The Watt's integrated hardware-software-platform model for property-based deployments.

Regional players

• SK Signet: SK Signet is a Korean manufacturer of EV fast chargers (DC) supplying the domestic market. It is a relevant regional peer given The Watt's South Korea base and shared EVSE customer base of property owners and fleet operators.

Broad incumbents

• ABB E-mobility: ABB E-mobility is a global incumbent offering a broad portfolio of AC and DC EV chargers plus charging management software for commercial and utility-scale deployments, representing the larger incumbent competitive set The Watt must compete against for property-owner RFPs.
• Schneider Electric (EVlink): Schneider Electric's EVlink line provides commercial and residential EV charging solutions integrated with its broader energy management portfolio. It is a broad incumbent competing for the same property-development and building-electrification customers.
• Siemens (VersiCharge): Siemens offers VersiCharge Level 2 AC chargers and connected charging solutions targeting commercial buildings, workplaces, and multi-family housing — overlapping with The Watt's B2B apartment and commercial-building go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

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 The Watt