A Strategic Partnership

Elby expressed enthusiasm for the partnership, highlighting Nyholm’s expertise and shared vision for sustainable mobility. Nyholm’s investment is expected to drive Elby’s efforts in promoting electric vehicle adoption and advancing green transportation solutions.

“We are incredibly honored to have Nikolaj on board. His experience in scaling tech companies, combined with his personal interest in electric vehicles, makes him an ideal partner for our mission.”

says Michael Reibel Boesen, co-founder and CEO at Elby

Focus on Sustainability

With the investment secured, Elby is now focused on the upcoming season for general assemblies in Danish housing associations. The company aims to leverage these to accelerate the adoption of electric charging infrastructure, and contribute to a greener future for personal transportation.

“A charger is free for housing associations, we share the revenue and we take care of everything in relation to installation, approvals etc. This makes it a very attractive solution,”

says Michael Reibel Boesen

Elby’s appearance on “Løvens Hule” not only secured crucial funding but also provided a platform to share their vision with a broader audience. The episode, which featured a lion as part of the show’s dramatic flair, is available for viewing on DR Streaming.

Invitation to Explore

For those interested in learning more about Elby’s mission and offerings, the company invites visitors to explore their website at www.elby.dk or visit their new office at Islands Brygge 27 in Copenhagen.

Read the entire post here: Elby Secures Investment from Nikolaj Nyholm, Boosting Green Mobility Efforts

The solution is simple: charge the car with a cable from apartment buildings, but hide the cable in a special ‘sleeve’ in the pavement. This simple solution removes the need to draw new permanent cables, or to install special charging infrastructure – and enables their unique business model.

We talked to the team behind it, and got some questions about how it works answered from co-founder Martin Ferro:

How much power does the Elby charging system provide?

It will vary because we consider the building’s own needs first, and the power supply varies from building to building. However, we expect to offer an average of 11 kW.

Is there enough power in most apartment buildings?

Probably, if you’re referring to a multi-story building. They typically have excess capacity that is rarely used. Especially at night when residents are asleep, and during the day when they are at work, there is extra capacity for things like charging electric vehicles. That is the capacity we want to enable for charging cars.

How long does an installation take?

The actual installation work takes only about an hour, if everything runs smoothly, which is the part we are proud of. But there might be some steps to complete first, such as permission from the municipality to modify the sidewalk, and a check with the utility company about the existing power supply. After the installation, a certified electrician will connect the charger and install a separate electricity meter.

Is Elby approved in all cities?

We are now launching in Denmark, and here it depends on each city, as they are different. Elby is approved in accordance with the AFI legislation, and our charger is located within the property boundary, i.e., on private property. Additionally, the modification to the sidewalk is minimal, much less than a rainwater gutter, which is standard ‘road equipment’ across most sidewalks.

How much can a house owner or apartment owner earn from letting others charge from their building?

The more they charge per week, the more of the revenue we share. Up to 60 % of it. Let’s say a building charges 210 kWh in total on a given week. That’s e.g. 3 cars of 70 kWh, or 7 cars of 30 kWh. That will bring the building to a maximum revenue share of 60 % (50 % when Elby pays for the charger). In Denmark this will amount to 13.104 DKK per year. But this is just the beginning. Right now there are only about 6 % EVs in Copenhagen and that number will get closer to 100 % by 2030, so the business will grow, especially for the building owners who support the green transition now by installing Elby.

How has the response been since the launch now? Are you planning to enable this outside Denmark soon as well?

Overwhelming. It was a fairly small launch where we mostly targeted our Danish home market. But I’m happy to say we’ve received interest from all over the world, such as New York, San Francisco, London, Berlin, Stockholm as well as cities in Denmark outside Copenhagen. We’re happy to work with people anywhere the cities are ready to leverage Elby as part of their EV infrastructure mix.

Read the entire post here: Elby has Launched Their Ridiculously Ingenious Charging Solution for Cities

Elby was started to accelerate the green transition and was founded by experienced entrepreneurs, Martin Ferro, Michael Reibel Boesen and Lars Køhler, who have an international entrepreneurial track record behind them.

Towards 2030, most cars are expected to run on electricity. For example, Copenhagen Municipality will work to make the capital free of traffic with fossil vehicles such as petrol and diesel cars in 2030. This means that the cities must be able to charge up to 20 times as many electric cars as today. It requires new thinking and different charging solutions that can be scaled up much faster and cheaper than the kerbside chargers and charging stations that we know today.

That’s why Elby.co is opening pre-orders today for their new charging solution that connects the power supply of multi-storey buildings with the cars on the street. The charger (~11 kW) is located on private property, well protected in the wall of the apartment building, and the car owner uses his own cable to get the power across the pavement. The cable is held securely in place with a small rubber sleeve, which is much smaller than e.g. rainwater rails. Elby’s philosophy is to set up chargers where the cars are already parked 95% of the time, so that they can charge for a longer period of time, especially while electricity is cheapest and greenest. In this way, the current power grid better manages to charge the cars, whereas fast charging at peak times can challenge the grid.

The business model is based on a cooperative mindset, where the building owners get a share of the profits, up to 60%, depending on how much is charged on a weekly basis. The price for charging is expected to be DKK 2 + the cost of electricity, which will be among the lowest in the Danish urban market. There are no subscriptions or hidden fees. In the scenarios where the building is jointly owned, e.g. in a cooperative or owner’s association, the residents thus profit from the charger.

Today, you can pre-order a charger for your building at elby.co. For business and rental properties, the price is DKK 20,000 (introductory price). For co-operative, owner-occupied and public housing, Elby will seek to cover the outlay for the charger. Expected start-up in Greater Copenhagen is the first half of 2024. The charging solution is applied for patent.

Elby is charged by 100% wind power via Vindstød A/S.

Read the entire post here: Elby launches new charging solution that turns buildings into charging cooperatives