While the 5 year lifespan is a ‘tad’ short it’s clear that charge networks are not making profits in the short term and that’s all we can measure right now. It’s all about the long term growth of the sector.
Most of them are just ploughing cash to secure locations and gain first mover advantage. Their general utilisation is hardly breaking double digits. I expect all the start ups are working on the basis of securing as many prime locations as possible and waiting to be bought out by a big energy company (aka charge master).
It’s not a new phenomenon but at least it makes more sense than buying a silly app for £1b...
Most of them are just ploughing cash to secure locations and gain first mover advantage. Their general utilisation is hardly breaking double digits. I expect all the start ups are working on the basis of securing as many prime locations as possible and waiting to be bought out by a big energy company (aka charge master).
It’s not a new phenomenon but at least it makes more sense than buying a silly app for £1b...