Orkan

What Orkan does

Orkan is an Icelandic company founded in 2021 and headquartered in Reykjavík, Iceland, that provides fuel and electric vehicle charging services to consumers in the Icelandic market. The company operates eONE, an Icelandic EV charging platform, and operates or is building out a physical network of charging locations across the country, with a stated target of 19 charging locations by early 2026. Its core offering combines legacy fuel retail with new EV charging infrastructure, serving individual EV drivers and vehicle owners in Iceland as its primary customer base.

Orkan's underlying technology centers on the eONE EV charging platform, which is being upgraded to support Plug&Charge functionality built on the ISO 15118 standard through a partnership with Hubject announced in October 2025. This interoperability layer allows authenticated, automated charging sessions without separate app or RFID steps, positioning the platform to participate in cross-border EV charging roaming. The combination of legacy fuel operations, a growing physical charging footprint, and standards-based digital interoperability forms the core of Orkan's product surface.

The business model is anchored in Iceland's fuel and EV charging retail market, generating revenue through the sale of fuel and the provision of EV charging services to end consumers. The June 2025 acquisition of Samkaup suggests a deliberate broadening of the revenue base into adjacent retail or service operations, though deal terms and financial details were undisclosed. Geographic focus remains exclusively Icelandic, and no enterprise customer contracts, subscription tiers, or pricing structure were disclosed in the available information.

Name

Orkan

Website

https://orkan.is

Company type

Private

Founded year

2021

Short description

Orkan is an Icelandic fuel and EV charging company operating the eONE EV charging platform in Reykjavík, serving individual EV drivers across Iceland and expanding to 19 charging locations by early 2026.

Ownership category

akta.pro rank

Product category

EV Charging Services

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

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

akta.pro secondary industries

Managed EV Charging Software (Residential, Fleet, Workplace) (EUAFAMAA), EV Charging Payment & Reimbursement Programs (Public/Depot Charging) (TLABAMAK)

Keywords

• EV charging services
• Fuel retail services
• Smart charging platforms
• Plug&Charge technology
• ISO 15118 charging

Headquarters

HQ city

Reykjavík

HQ country

Iceland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Technology or R&D, Operations, Personnel

Revenue model

1. EV Charging Services: Platform providing EV charging services across charging locations in Iceland

Go-to-market motion1 record

Distribution channels1 record

Core offering

Orkan provides fuel and electric vehicle charging services in Iceland, operating the eONE EV charging platform that delivers Plug&Charge technology based on the ISO 15118 standard. The company distributes its services through physical charging infrastructure initially covering 19 locations across Iceland, with expansion planned by early 2026.

Product overview

No product information available from the provided sources.

Differentiator

Problem solved

Functional benefit

Products and services

• eONE EV Charging Services EV charging service operating on the eONE platform that delivers Plug&Charge functionality based on the ISO 15118 standard, enabling automated authentication and billing for electric vehicle drivers at physical charging stations in Iceland.
• Fuel Services

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• HubjectcoreTechnology or Integration · 30 October 2025Hubject has partnered with Orkan (operating as eONE, an Icelandic EV charging platform provider) to bring Plug&Charge technology to Iceland. The partnership enables seamless EV charging processes based on ISO 15118 standard. Initial deployment is planned across 19 charging locations by early 2026, supporting Iceland's renewable energy and high EV adoption goals.

Scale indicators1 record

Recent moves3 records

Expansion highlights3 records

Direct peers

• EVgo: US-focused public EV charging network operator offering subscription/recurring charging services. Comparable business model of operating owned/operated charging sites with recurring session-based revenue.
• Ionity: Pan-European high-power EV charging network with roaming and Hubject integration. Comparable as an EV charging network operator pursuing cross-border interoperability in markets similar to Iceland's tourism-driven charging demand.
• Allego: European EV charging network with managed charging and roaming across multiple countries. Comparable as a multi-country charging operator combining network ownership with software-managed charging services.
• Mer Connect: Nordic EV charging network operator with roaming across Scandinavian markets. Comparable as a regional charging operator serving high-EV-adoption markets adjacent to Iceland.

Others

• Hubject: eRoaming platform enabling cross-network EV charging interoperability via Plug&Charge and ISO 15118. Comparable as the technology/integration partner underpinning Orkan's interoperability positioning.

Broad incumbents

• ChargePoint: Large EV charging network operator and software platform provider. Comparable in combining charging network operations with charging management software (CPMS) and billing services.
• Tesla Supercharger: Largest proprietary EV charging network globally, expanding to non-Tesla vehicles. Comparable as a high-density charging network operator competing for the same EV drivers in the European/Nordic region.
• Orka (Orkuveita Reykjavíkur): Icelandic municipal utility operating generation, transmission, and district energy. Comparable as a domestic Icelandic energy infrastructure player that could plausibly compete in EV charging within the same narrow market.

Regional players

• GreenWay: Central/Eastern European EV charging network operator with roaming partnerships. Comparable as a regional charging platform focused on a single geography with cross-border interoperability ambitions.
• Electrify America: US-focused DC fast-charging network with subscription offerings. Comparable as a network operator emphasizing recurring revenue models and seamless Plug&Charge-style authentication.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat2 records

Key risks4 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/Orkan.is
• LinkedInlinkedin.com/company/orkanis

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Orkan