Fast growth through fast EV charging. That's the model for Finland-based Kempower, a leader in the Nordic European region and growing quickly on the continent and beyond, but now making its first major moves into the North American market.
an EV charging hardware and software provider, to build a “state-of-the-art, scalable, and user-friendly DC fast chargers for EV drivers in America,” according to Kempower's annual report.with an American company is compliance with domestic manufacturing requirements of the federal EV charging network plan.
Indeed, Ristimäki declares his company as “probably” the world's fastest growing DC fast charging company. Founded in 2018 with only a research and development team of less than a dozen employees, Kempower's headcount is now over 400 with revenues growing from less than a $1 million in 2018 to about $111.2 million in 2022.
Over the past three years, Kempower production capacity in Europe has ballooned by 500%, Ristimäki said.Kempower produces fast chargers for a full-range of battery-electric vehicles from passenger cars to commercial trucks, but its differentiator is the modularity of its chargers reducing a new concern for drivers as demand build, what Ristimäki calls “queue anxiety”—long waits at charging stations.
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