NaaS Technology Inc. is a new energy asset operation service provider that uses artificial intelligence to match electric vehicle charging supply with demand. The company offers charging services, energy solutions and new initiatives to electric vehicle owners, charging station operators and auto original equipment manufacturers in China.
NaaS generates revenue from charging services through membership fees and service fees collected from end users and station operators. It…
NaaS Technology Inc. is a new energy asset operation service provider that uses artificial intelligence to match electric vehicle charging supply with demand. The company offers charging services, energy solutions and new initiatives to electric vehicle owners, charging station operators and auto original equipment manufacturers in China.
NaaS generates revenue from charging services through membership fees and service fees collected from end users and station operators. It earns income from energy solutions by providing site selection, engineering procurement and construction services and hardware procurement for charging stations. The company also derives revenue from new initiatives such as electricity procurement, virtual power plant operations and non charging services like vending, massage and car wash facilities at charging stations.
NaaS holds a competitive position in China's rapidly growing electric vehicle charging market by emphasizing direct current fast charging infrastructure and an asset light business model. The company differentiates itself through its AI driven matching platform, a growing network of charging stations and strategic partnerships with auto makers and real estate firms. It faces competition from other charging network operators but believes its technology, first mover advantages and integration of non charging services give it an edge.
The company serves electric vehicle owners who use its mobile app for charging, charging station operators who rely on its software and operational services, auto original equipment manufacturers that integrate its mobility connectivity into vehicles and energy asset owners that seek electricity procurement and non charging solutions. Specific collaborators include Hyundai Motor Group China PICC Real Estate Investment and CR Capital MGMT.
Sectors:Industrials · TechnologySector rationaleThe company's primary revenue comes from charging services, energy solutions (including EPC and hardware procurement), and the operation of charging infrastructure, which falls under EV Charging in the Industrials sector. A secondary sector of Technology is justified because the company sells software and operational services to station operators and integrates mobility connectivity into vehicles via an AI-driven matching platform.Industries:EV ChargingIndustrialsPrimaryNaaS Technology operates as an EV charging service provider, generating revenue from charging services via membership and service fees from end users and station operators. The company emphasizes direct current fast charging infrastructure and provides charging services to EV owners through its mobile app.IT ServicesTechnologySecondaryThe company provides operational services and software to charging station operators, as well as integrating mobility connectivity into vehicles for auto OEMs. These activities constitute technology services and systems integration for its B2B customers.Utility ConstructionIndustrialsSecondaryNaaS earns income from energy solutions by providing engineering procurement and construction (EPC) services and site selection for the build-out of charging stations.Classified using BQ-MICSCIK: 0001712178
Products and services [axis] Breakdown of Revenue (2024)
Timing of transfer of goods or services [axis] Breakdown of Revenue (2024)