Cornerstone Technologies Holdings

What Cornerstone Technologies Holdings does

Cornerstone Technologies Holdings Limited (HKEX: 8391) is a Hong Kong-headquartered EV charging infrastructure operator founded in 2016, providing a one-stop 360-degree solution spanning hardware, software, installation, and ongoing maintenance. The company serves individual EV owners, residential estates, commercial property developers, car park operators, corporate fleets, and delivery platforms across Hong Kong and selected Southeast Asian markets. With 51-100 employees and headquarters in Tsim Sha Tsui, Kowloon, Cornerstone operates as a publicly listed small-cap with disclosed certifications including ISO 9001, ISO 14001, EMSD Registered Electrical Contractor status, and Hong Kong Electric EVSE Supplier listing.

The company's product portfolio is structured around three core platforms: Cornerstone GO, a public EV charging network of 2,000+ chargers (AC medium-speed, DC fast, and ultra-fast up to 200kW) across 120+ stations as of March 2025; Cornerstone HOME, a residential subscription-based charging service covering 15,000+ parking spaces across networked estates with monthly plans bundled with charger hardware, installation, electricity, and maintenance; and Cornerstone SWAP, Hong Kong's first electric motorbike battery swapping platform, launched in November 2024 with foodpanda Hong Kong to enable ~10-second battery exchanges for delivery couriers. The underlying technology includes proprietary hardware designs — the ALOFT ceiling-mount charger (iF Design Award 2022, Good Design Award 2021) and the CHARGIC pedestal charger (Green Good Design Award 2021) — featuring built-in License Plate Recognition, QR scanning, LED status indicators, and intelligent load management for power distribution across multi-charger car park installations. The Cornerstone EV Charging mobile app integrates Apple Pay, Google Pay, WeChat Pay, and Alipay.

Cornerstone's business model combines recurring subscription revenue (HOME residential plans at HK$268-324/month on 12-36 month contracts; SWAP motorbike plans at HK$2,666/month bundled with ZEEGO electric motorbikes), usage-based fees for public charging (HK$2.9-3.6/kWh depending on speed and peak/off-peak), managed-service corporate contracts, and one-time hardware sales. Revenue is supported by major enterprise anchors including the LINK REIT partnership targeting 3,000 charging points across 33 car parks, the HKD 3.5 billion EV-charging at Home Subsidy Scheme (EHSS) contract awarded to a subsidiary, and HKD 1.5 billion in green loan financing signed in March 2022. International operations include the Spark EV Charging own-brand in Thailand plus partnerships in Indonesia, Malaysia, and Cambodia.

Name

Cornerstone Technologies Holdings

Legal name

Cornerstone Technologies Holdings Limited

Website

https://cstl.com.hk

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Cornerstone Technologies operates Hong Kong's largest EV charging network with 2,000+ chargers across 120+ stations, a residential subscription service covering 15,000+ parking spaces, and an electric motorbike battery swapping platform for delivery fleets.

Ownership category

akta.pro rank

Product category

EV Charging Infrastructure and Services

NAICS

Electric Power Transmission, Control, and Distribution (22112)

SIC

Electric Services (4911), Electrical Work (1731)

akta.pro primary industry

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

akta.pro secondary industries

EV Charging Operations & Parking-Lot Electrification Management (BPABAKAK), EV Charging Hardware Manufacturing (AC/DC Chargers/Dispensers) (IMACACAE), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF), EV Charging Settlement, Billing & Roaming (Payments, Tariffs, Clearing) (EUAFAMAI)

Keywords

• EV charging infrastructure
• Public charging network
• Residential charging subscription
• Battery swapping platform
• EV charging hardware

Headquarters

HQ city

Kowloon City

HQ country

Hong Kong SAR China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Public Charging (Cornerstone GO): Usage-based charging fees for public charging stations. Users pay per kWh consumed at AC medium-speed (7kW/21kW) and DC fast-speed (30-200kW) chargers. Monthly subscription plans also available with bundled charging credits.
2. Residential Charging Subscription (Cornerstone HOME): Monthly subscription plans for EV charging in residential estates. Covers charger installation, maintenance, and electricity costs. Flexible plans starting at HK$268-324/month with 12-36 month contracts. Includes EHSS (EV Charging at Home Subsidy Scheme) contracts.
3. Corporate EV Charging Solutions: One-stop 360 EV charging solutions for businesses including hardware, software, maintenance, and professional electrical work. Customized charging infrastructure for incorporated owners, developers, car park operators, and fleet management companies.
4. Battery Swapping (Cornerstone SWAP): Monthly subscription for electric motorbike battery swapping service with bundled ZEEGO electric motorbike. Fixed monthly fee of HK$2,666 including unlimited battery swaps.
5. Charger Sales: Direct purchase of proprietary EV chargers (ALOFT, CHARGIC) for residential and commercial installations. One-time purchase options available alongside subscription plans.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels7 records

Core offering

Cornerstone Technologies operates Hong Kong's most extensive EV charging network through three core product lines: Cornerstone GO (public charging network with 2,000+ chargers across 120+ stations), Cornerstone HOME (residential subscription-based charging covering 15,000+ parking spaces in networked estates), and Cornerstone SWAP (Hong Kong's first electric motorbike battery swapping platform). The company also designs and manufactures proprietary EV chargers (ALOFT ceiling-mount and CHARGIC pedestal models) and delivers turnkey 360 corporate EV charging solutions integrating hardware, software, installation, maintenance, and professional electrical work.

Product overview

Cornerstone Technologies Holdings is an EV charging solution provider operating a platform-plus-modules architecture in Hong Kong. The company offers three core product lines: Cornerstone GO (public EV charging network with 2,000+ chargers across 120+ stations), Cornerstone HOME (residential subscription-based charging service covering 15,000+ parking spaces), and Cornerstone SWAP (electric motorbike battery swapping platform). The portfolio also includes proprietary hardware products like the ALOFT ceiling-mount charger and CHARGIC floor-standing charger, the Cornerstone EV Charging mobile app, and B2B Corporate Solutions. The company operates internationally under the Spark EV Charging brand in Thailand and maintains partnerships in Indonesia, Malaysia, and Cambodia.

Differentiator

Problem solved

Functional benefit

Brands

• Cornerstone GO: Hong Kong's premier and most extensive EV charging network offering over 2,000 chargers across 120+ stations, including AC (medium-speed), DC (fast-speed), and ultra-fast charging options.
• Cornerstone HOME
• Cornerstone SWAP
• CHARGIC
• ALOFT
• Spark EV Charging

Products and services

• Cornerstone GO Hong Kong's premier and most extensive public EV charging network offering over 2,000 EV chargers including AC (medium-speed 7kW/21kW), DC (fast-speed), and ultra-fast charging options across 120+ charging stations as of March 2025. EV drivers locate stations and begin charging via the Cornerstone EV Charging App.
• Cornerstone HOME Hong Kong's exclusive EV charging subscription service for residential parking spaces. Cornerstone invests in, builds, and installs charging infrastructure across networked estates, covering over 15,000 parking spaces. Users pay a monthly subscription fee for a fixed energy allowance with installation, maintenance, and electricity included. Partners with BYD, Smart, and Zung Fu for promotional offers.
• Cornerstone SWAP Hong Kong's first electric motorbike battery swapping platform providing 10-second battery exchange for delivery fleets, in collaboration with foodpanda Hong Kong. Offers a monthly subscription at HK$2,666/month for 36 months including ZEEGO electric motorbike and unlimited battery swaps.
• Cornerstone EV Charging App Mobile application (iOS and Android) enabling EV drivers to locate charging stations, reserve charging slots, initiate charging sessions, monitor real-time charging status, and pay via Apple Pay, Google Pay, WeChat Pay, or Alipay. Available on Apple App Store and Google Play Store.
• Corporate Solutions
• ALOFT EV Charger Proprietary ceiling-mount EV charger designed for efficient parking lot installations. Features innovative elegant design and reliable charging performance. Awarded iF Design Award 2022 and Good Design Award 2021.
• CHARGIC EV Charger Proprietary pedestal-mounted EV charger made with 30-50% recyclable polycarbonate. Features universal socket, built-in camera for QR code scanning, License Plate Recognition (LPR) system, LED status indicators (green: ready, blue: charging, red: alert), and dust/waterproof design. Winner of Green Good Design Award 2021.
• Spark EV Charging Cornerstone's own EV charging brand operating in Thailand as part of its Southeast Asia expansion strategy, providing EV charging infrastructure deployment in the Thai market.
• ZEEGO Electric Motorbike Electric motorbike model BIKE2 offered through the Cornerstone SWAP subscription plan. Features 72V 35AH lithium battery (x2), 100 km/h max speed, 7000W brushless hub motor, and 150km range with two batteries.
• Charging Anywhere Monthly Plan Subscription plan offering monthly access to 60 designated charging hotspots across Hong Kong with 300kWh monthly charging allowance for HKD 780/month on a 12-month contract.
• EHSS (EV-charging at Home Subsidy Scheme) Service One-stop installation service for residential estates covered by the government's EV-charging at Home Subsidy Scheme. Offers 12-month short-term rental at HKD 324/month or 36-month plan at HKD 268/month with one-time buyout option at HKD 9,888.

Quantifiable outcome

• Coverage of over 15,000 residential parking spaces in Hong Kong
• +3 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature6 records

Partnerships

14 partnerships are on record, tiered core, flagship and minor.

• foodpanda Hong KongcoreStrategic or Co-development Partner · 21 November 2024Launch of electric motorbike battery swapping network (Cornerstone SWAP) to reduce carbon emissions during delivery operations for foodpanda couriers and promote local sustainable development.
• Zurich InsurancecoreStrategic or Co-development Partner · 20 November 2024Collaboration with Negawatt Utility Limited and Cornerstone Technologies under Zurich's ESG commitment to drive sustainability efforts and build a thriving green ecosystem in Hong Kong.
• The Link REITflagshipStrategic or Co-development PartnerRoll-out of Cornerstone GO EV charging stations across 33 Link car parks with target of 3,000 EV charging points by end of 2024. Partnership for EV Green Transport Pilot Program.
• LalamovecoreStrategic or Co-development PartnerCollaboration in EV Green Transport Pilot Program to promote industry's implementation of commercial EV transformation.
• Hong Kong Taxi & PLB AssociationcoreStrategic or Co-development PartnerPartnership to promote commercial EV adoption in the taxi and public light bus industry.
• BYDminorGTM or Marketing PartnerCar brand partner for Cornerstone HOME promotional offers, bringing special deals to HOME subscribers.
• SmartminorGTM or Marketing PartnerCar brand partner for Cornerstone HOME promotional offers, bringing special deals to HOME subscribers.
• Zung FuminorGTM or Marketing PartnerCar brand partner for Cornerstone HOME promotional offers, bringing special deals to HOME subscribers.
• HyundaiminorGTM or Marketing PartnerEV charging collaboration and promotional partnership for Hyundai EV customers.
• KMB (Kowloon Motor Bus)coreStrategic or Co-development PartnerEV fleet charging solutions collaboration supporting KMB's 2050 Whole Fleet Zero Emission Blueprint.
• Hong Kong Electric (HKE)coreChannel Partner/ Reseller/ DistributorListed EV Supply Equipment (EVSE) supplier for Hong Kong Electric, providing EV charging solutions on Hong Kong Island.
• Negawatt Utility LimitedcoreStrategic or Co-development PartnerJoint collaboration with Zurich and Cornerstone Technologies to drive sustainability efforts and build green ecosystem.
• Spark EV ChargingflagshipChannel Partner/ Reseller/ DistributorOwn brand operation in Thailand for EV charging infrastructure deployment in Southeast Asian market expansion.
• Business Environment Council (BEC)minorOthersGeneral member supporting promoting excellent performance on environmental management and sustainable development.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Star Charge: One of China's largest private EV charging network operators and hardware manufacturers; comparable to Cornerstone as an integrated hardware + network operator, with regional rather than HK-specific overlap.
• EVBox: European-headquartered EV charging hardware manufacturer and network operator with AC/DC charging stations and a charge point management software platform (Everon), serving commercial and residential customers similarly to Cornerstone's GO/HOME and ALOFT/CHARGIC products.
• Blink Charging: US-listed EV charging equipment owner-operator providing Level 2 AC and DC fast charging hardware plus networked software services to commercial, multifamily and public sector customers, directly comparable in business model to Cornerstone's HK network.
• TELD (Star Charge subsidiary): Chinese EV charging network operator specializing in public DC fast charging and centralized management software, comparable to Cornerstone's Cornerstone GO public network and management platform business.
• ChargePoint: US-listed EV charging network operator offering AC and DC charging hardware plus a cloud-based charge point management platform serving commercial, fleet and residential customers — directly comparable to Cornerstone's Cornerstone GO/HOME network and CPMS stack.
• NaaS (New Links): China-listed EV charging network operator connecting chargers across fragmented operators with a SaaS-based charging service platform — analogous to Cornerstone's network-management and app-based charging orchestration in Asia.
• Tritium DCFC: Specialist DC fast charger manufacturer whose modular DCFC hardware competes in the same DC fast and ultra-fast charging category as Cornerstone's ultra-fast public chargers and serves fleet and public network operators globally.

Broad incumbents

• ABB E-mobility: Global industrial conglomerate's EV charging division offering AC/DC chargers, high-power fast charging (Terra HP) and fleet solutions at much broader scale — a broad incumbent that competes with Cornerstone's corporate and public charging offerings as part of a much wider portfolio.
• Tesla Supercharger: Tesla's vertically integrated DC fast charging network — a broad incumbent that competes for high-utilization public fast charging share against Cornerstone GO ultra-fast chargers in Hong Kong and potentially across SEA.

Emerging players

• Gogoro: Taiwan-based electric motorbike battery-swapping network operator with extensive GoStation swap infrastructure; a comparable emerging player in the two-wheeler battery swap category that Cornerstone SWAP enters with its foodpanda partnership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/cstl.hk
• LinkedInlinkedin.com/company/cstl-cornerstone

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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 Cornerstone Technologies Holdings