is the largest portable charger sharing service in Japan, boasting a network of 20,000 stations across the country.
Inforich successfully went public in Japan, achieving a valuation
of approximately $315 million.
As of September 30th, 2023, ChargeSpot has generated
$52 million in revenue.
In the past year, Inforich's market capitalization soared by 140%, making it the world's most valuable publicly traded portable charger sharing company, with just 20,000 stations.
The success of ChargeSpot can be attributed to several key factors:
Charge Spot dominated Tokyo with around 10,000 stations, boosting brand recognition and building a loyal customer base.
Tokyo's dense station network made returning chargers convenient across the city, greatly improving user experience.
ChargeSpot's aggressive franchise program enabled its expansion into global markets like Hong Kong, the UK, and the EU, while also increasing station installations in Japan.
Charge Spot’s significant financial resources allowed for ambitious expansion plans, securing its market leadership through substantial investments in station installations and marketing, distinguishing it from competitors.
Charge Spot succeeded for two reasons:
Absence of strong competition on Japanese market.
Successful fundraising, with ChargeSpot (Inforich) securing over $106 million across six rounds from
19 investors. In 2022, Inforich went public on the Tokyo Stock Exchange under ticker 9338, reaching a valuation of $315 million as of January 2024.