eMotorWerks listed #353 on Inc. Magazine’s 36th Annual List of America’s Fastest-Growing Private Companies—the Inc. 5000
NEW YORK, San Carlos, Calif., August 16, 2017 -- Inc. magazine today ranked eMotorWerks number 353 on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
“We’re thrilled to be ranked among some of the fastest growing companies in the country,” said Val Miftakhov, CEO of eMotorWerks. “Since the beginning, we’ve been dedicated to serving electric vehicle drivers with the most intelligent and versatile charging solutions available. In a short three years since launching JuiceBox, we’ve sold over 20,000 stations, achieved a top seller ranking on Amazon and grown to a team of 45. This ranking is a reflection of the hard work of the entire eMotorWerks team and we are honored to accept the award.”
The 2017 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 16) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” says Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 10 through 12, 2017 at the JW Marriott Desert Springs Resort & Spa in Palm Desert, CA. Speakers include some of the greatest entrepreneurs of this and past generations, such as former Ford president Alan Mullaly, FUBU CEO and founder and “Shark Tank” star Daymond John, Dollar Shave Club founder Michael Dubin, researcher and #1 New York Times bestseller Brené Brown, and Gravity Payments’ founder and CEO Dan Price.
Much of eMotorWerks’ success has come from the company’s line of JuiceNet enabled charging stations and the JuiceNet platform itself. JuiceNet and its associated application programming interfaces (APIs) provides innovative utilities, grid operators and “load aggregators” the ability to aggregate fleets of charging EVs and modulate energy demand on the grid, to allow for collective EV load shifting to times when renewable resources are more abundant and or energy rates are lower. In 2017, eMotorWerks has announced partnerships with multiple third-party EVSE companies such AeroVironment (NASDAQ:AVAV), the free ad-supported Volta charging network, top-tier OEM supplier Webasto, and the cashless payment provider Nayax. The company is also collaborating in German with conenergy, to create solar-optimized EV charging solutions that increase utility tariff savings for commercial and residential solar owners, and with Share&Charge to establish North America’s first peer to peer EV charging network. Additionally, utilities such as Sonoma Clean Power work with eMotorWerks to provide free smart-grid enabled charging stations and reward programs to EV drivers in their region.
More about Inc. and the Inc. 5000
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/inc5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit www.conference.inc.com.
eMotorWerks and Volta Partner to Launch First Ad-Supported Smart-Grid Electric Vehicle Charging Stations
San Francisco, Calif., August 08, 2017 -- Seeking to increase the use of renewable energy and lower energy costs for its network of free-to-use, ad-supported electric vehicle charging stations, Volta has teamed with eMotorWerks to incorporate eMotorWerks’ smart-charging technology throughout its nationwide network of stations. By using eMotorWerks hardware and software platform, Volta’s customers can access reliable, high-power, grid-friendly charging across the rapidly growing number of stations in their territories. Via JuiceNet, this daytime electric load can now be coordinated with regional utilities, diversifying their resource portfolio and ensuring EV charging occurs with a cleaner energy mix.
“Electric car drivers across the U.S. are demanding broad access to EV charging infrastructure. With this demand, we want to ensure that our drivers are using only the cleanest energy on the grid, which is made possible through the eMotorWerks JuiceNet solution”, says Scott Mercer, CEO at Volta Industries. “We are on track to double our free EV charging networks through the calendar year and partnering with eMotorWerks enables us to deliver on not only needs of the driver for charging, but also utilities throughout our network who are actively looking to combat grid overload and promote clean energy usage.”
The partnership with Volta further complements eMotorWerks’ EVSE and energy management platform by making its JuiceNet technology more accessible throughout the nation’s largest free EV charging network. The JuiceNet platform affords automated, multi-tiered control algorithms and load balancing that enables multiple charging stations to operate simultaneously under “peak load” settings that help avoid peak demand charges, excessive strain on local electrical circuits and the local grid as a whole. In addition, eMotorWerks market-leading JuiceBox charging station platform will be deployed in the Volta network, chosen for its robust networking capabilities, high-power performance, and proven reliability.
Through this partnership, Volta will also co-locate standard JuiceNet-enabled level 2 charging stations, such as JuiceBox and JuiceStation, that complement Volta’s existing fleet of free chargers to enable property owners and managers, to better support the growing number of EV drivers in their network locations.
“We are delighted to now offer our smart-grid enabled technology throughout Volta’s growing network of public EV charging stations,” said Val Miftakhov, CEO of eMotorWerks. “After establishing ourselves as an industry leader and innovator in advanced residential charging solutions for electric vehicles, it’s a natural fit to provide our technology to public charging stations through partnerships such as this one with Volta. Additional daytime charging load will also help advance our long term mission of driving higher penetration of renewable generation via smart EV load control.”
This news comes on the heels of other notable partnerships for eMotorWerks such as global EVSE solutions providers AeroVironment, Share&Charge (Division of Innogy) and Webasto. In late 2016, eMotorWerks announced another public EV charging partnership with cashless payment solution provider Nayax to create their joint-solution JuiceStation / EVMeter.
About Volta Charging
Volta continues to expand its free, electric vehicle charging network at high-profile properties with the mission to inspire sustainable behavior while providing brands exclusive access to audiences in a unique and highly engaging way. Charging networks include San Francisco, Los Angeles, San Diego, Phoenix, Honolulu and Chicago. Learn more at www.voltacharging.com.
eMotorWerks New Solar Charging Capability Enables Electric Vehicle Drivers to Charge their Vehicles from PV Generation
San Francisco, Calif., USA June 29, 2017 -- With the newest release of the JuiceNet cloud platform from eMotorWerks, owners of solar arrays can now combine smart EV charging with their solar generation to maximize their renewable energy self-consumption and increase energy savings. With roughly 37 percent of Americans living in regions where fossil fuel generated energy dominates power provided on the grid, driving an electric vehicle produced the equivalent global warming emissions of the best gasoline hybrids available, eMotorWerks’ new solar-plus-charging allows EV drivers to further reduce their carbon footprint. Whether it’s just a few panels on the homeowner's roof or a multi-megawatt utility-scale power plant, JuiceNet Solar uses advanced algorithms and charging controls to match the charging speed of any number of JuiceNet-connected EVs to second-by-second solar production.
““Today, many solar array owners also drive EVs, so JuiceNet Solar combines the power of both of these activities to maximize their contribution to a decarbonized grid by getting the most out of their solar generation, especially if living in regions that have yet to institute net metering policies,” says Dr. Valery Miftakhov, CEO of eMotorWerks. “By utilizing JuiceNet Solar, users keep the solar generation local, which saves them money and maximizes their use of renewable energy.”
Enabling the use of clean energy in EV charging is at the heart of all eMotorWerks products. By allowing users to tap into their solar arrays automatically, JuiceNet Solar provides access to the cleanest “marginal fuel” available on the local power grid and a new layer of smart charging that can closely follow the peaks and valleys of local solar energy production - making the most out of this renewable resource.
In addition to allowing integration of on-site renewables, JuiceNet Solar can also be configured to work with any distributed collection of generating resources, providing second-by-second balancing services to local renewable generation. For example, JuiceNet Solar can be deployed at workplace sites where EV charging is linked to production from both on-site PV panels and PV panels on the roofs of employees’ nearby homes. This virtual aggregation allows utilities to reduce the amount of solar energy backfeed through their transformers, while enabling cleaner power for participating EVs.
“At the system, grid-wide level, our technology paves the way for much higher penetration of intermittent renewable generation in the electric grids worldwide”, says Dr. Miftakhov. “With the explosive growth of EVs in the coming years, JuiceNet Solar will be critical for driving further decarbonization in both our transport and our power generation.”
JuiceNet Solar requires at least one JuiceNet-enabled EV charging station utilizing eMotorWerks’ JuiceNet Green software option as well as one JuiceNet-enabled energy meter (JuiceMeter available in the eMotorWerks web store). If users do not have a JuiceNet enabled EVSE, they can still use the universal smart-grid EV charging adapter, JuicePlug, which enhances any third-party station or charging cord with JuiceNet capabilities, including emissions reduction and smartphone monitoring and control of charging. Currently, the list of JuiceNet-enabled stations includes eMotorWerks JuiceBox Pro, AeroVironment EVSE RS JuiceNet Edition, and the ClipperCreek HCS-40 JuiceNet Edition. Upcoming stations will include stations such as those from eMotorWerks partners Nayax EV Meter, and Webasto.
eMotorWerks and Share&Charge Deliver North America’s First Peer to Peer Electric Vehicle Charging Network with Blockchain Payments
San Francisco, Calif., USA July 11, 2017 -- Starting this summer, California residential and commercial owners of electric vehicle charging stations enabled with eMotorWerks’ JuiceNet smart-grid charging technology will have the opportunity to rent out charging time on their stations to EV drivers participating in a new peer to peer (P2P) network powered by MotionWerk’s Share&Charge open platform. Share&Charge was founded by the innogy Innovation Hub whose purpose it is to evolve an innovation portfolio for innogy SE, Germany’s leading energy company. The Share&Charge mobile app connects EV drivers with available residential and commercial EV charging stations and facilitates blockchain-based payments from visiting EV drivers to station owners. The new sharing platform aims to increase the availability of public charging stations and decrease range anxiety current and prospective EV drivers experience. This partnership marks the first peer to peer charging network to use blockchain technology in North America.
“In today’s marketplace, the availability of public EV charging is still of concern to potential EV drivers. However, P2P charging opens the opportunity to break free of infrastructure limitations and gasoline oligopolies to access electricity for their cars,” says Dietrich Sümmerman of Share&Charge. “By establishing networks of individuals willing to share their EV charging stations, we are opening up more charging options to EV drivers, while at the same time ensuring station owners are compensated accordingly. As one of the most popular EV charging solutions in the United States and Europe, eMotorWerks is the perfect partner for our debut in the United States. With this new sharing technology we are bringing to North America, we aim to prove how blockchain technology can make sharing and payment easier and more efficient. We are excited to enable anyone, from individual, to small company or large utility to share their charging stations for an accelerated growth of emobility.”
Expanding its P2P charging network already established in Germany, Share&Charge leverages decentralized and transparent Ethereum-powered blockchain technology to allow people to interlink with each other to share and bill products and services securely and conveniently. Through the app, residential and commercial owners of JuiceNet enabled stations can share their charging asset with other EV drivers in the network. Meanwhile, any EV driver can download the Share&Charge app to see available charging facilities on a map and navigate to the closest charging station for charging. With a few clicks in the app, the station owners can choose the times to share their service with others and set the price to charge visiting drivers.
California owners of any JuiceNet enabled devices who would like to share their charging stations are eligible to participate in the new P2P network, but initial participation will be limited on a first-come first-serve basis. Currently compatible devices include charging stations such as eMotorWerks JuiceBox Pro, Aerovironment EVSE-RS JuiceNet Edition, Clipper Creek HCS-40 JuiceNet Edition, and Nayax EVMeter. Additionally, the new service is compatible with eMotorWerks’ JuicePlug smart-grid charging adapter that allows any charging station by any manufacturer to participate in the program. All drivers of an electric vehicle can sign up to make use of the shared residential charging stations.
“One common issue we see in the growth of EV adoption is ‘range anxiety,' which stems from an overall lack of charging stations for some shorter-range EVs currently on the market. To accelerate the EV revolution, we must increase the number of charging options available,” says Val Miftakhov, CEO of eMotorWerks. “By allowing individuals and companies both small and large to make their stations accessible to the public, and to be be paid for their use, station owners gain the opportunity to have their station pay for itself over time, while drivers can feel confident in knowing they’ll always have enough charge to get where they are going.”
Share&Charge is the first product of MotionWerk, a startup of the innogy Innovation Hub that is part of innogy SE. It is the first global peer-to-peer (P2P) marketplace for electric charging enabled by blockchain. Share&Charge enables people and small-to-midsize enterprises (SMEs) to share their charging stations via a freely available app, thereby helping to advance e-mobility and convert personal charging stations into money-generating machines. Share&Charge is part of MotionWerk's vision of a global mobility transaction platform enabling seamless transport everywhere whilst reducing costs for both travellers and transport providers.
eMotorWerks Electric Vehicle to Grid Charging Platform Sales Increase 100% for Third Consecutive Year
San Carlos, Calif., USA May 23, 2017 -- Showing strong traction in the growing electric vehicle market, the sales and user base of eMotorWerks is growing exponentially. In the past 12 months, eMotorWerks has increased both its sales and customer base to over 18,000 charging stations installed globally. The year 2016 was also the third consecutive year in which eMotorWerks doubled its revenues, making it one of their most successful years to date. This continued expansion coincides with eMotorWerks’ recent partnership with multiple third-party EVSE companies such as AeroVironment (NASDAQ:AVAV), top-tier OEM supplier Webasto, and the cashless payment provider Nayax. These are among the many product companies who are enabling their charging stations with JuiceNet cloud software to create an open platform for smart-grid EV charging that leverages abundant renewable energy while offering utility-coordinated aggregation for load balancing and control.
“Our smart grid charging solutions continue to gain significant growth because we solve problems that directly affect EV drivers, charging station equipment manufacturers as well as utility operators,” said eMotorWerks CEO, Val Miftakhov. “Beyond the well publicized growth the EV industry will enjoy during the next five years, a massive challenge lies ahead: the ability for electricity providers to charge EVs while maintaining a reliable grid for everyone, while at the same time taking advantage of the abundant and less expensive solar and wind energy available on our grid. Our solution primes operators for the upcoming grid demand while also providing an intuitive and convenient solution for drivers that doesn’t impact usage of their vehicles: smart-grid charging stations from a variety of leading vendors all linked to our JuiceNet open-standards based communications and control platform. We offer a proven track record of robust, reliable and enduring solutions for utilities and EV drivers who are looking to further prepare for the accelerating growth in EV adoption.”
Much of eMotorWerks’ success has come from the company’s JuiceNet platform. JuiceNet and its associated APIs provides innovative utilities, grid operators and “load aggregators” the ability to aggregate fleets of charging EVs and modulate energy demand on the grid, to allow for collective EV load shifting to times when renewable resources are more abundant and or energy rates are lower. Beyond AeroVironment and Nayax, eMotorWerks also partnered with the German energy company, conenergy, to create solar-optimized EV charging solutions that increase utility tariff savings for commercial and residential solar owners. Additionally, utilities such as Sonoma Clean Power work with eMotorWerks to provide free smart-grid enabled charging stations and reward programs to EV drivers in their region.
“In addition to manufacturing jobs we’re creating by designing and assembling cutting-edge electric vehicle charging stations here in the USA, these home grown, renewable sources of energy create high-quality local jobs,” said Preston Roper, COO of eMotorWerks. “Rather than sending petro-dollars overseas to fuel internal combustion engine vehicles here at home, eMotorWerks is enabling the EV revolution to benefit a variety of parties, from assembly line workers to automotive and utility participants, to drivers.”
Beyond revenue and user growth, eMotorWerks has also grown its workforce to a total of over 40 employees, across its California-based headquarters and European development and sales offices. This past year eMotorWerks has welcomed to the team:
eMotorWerks recently won a 2017 Grid Edge Award and has been invited to present their solution this year at Energy Storage North America, EES North America, See4All Forum, California’s Distributed Future and the 2017 Community Choice Symposium.