#Japan #Tokyo #WeCharge #UbiDen #Cool-Net Tokyo

UbiDen Collaborates with Cool-Net Tokyo for EV Charging Initiative

In a significant step towards promoting a decarbonized lifestyle in urban environments, UbiDen Inc. has signed an agreement with the Cool-Net Tokyo Environmental Foundation to advance the "Challenge ZEV 2030 Project." This initiative aims to reinforce electric vehicle (EV) charging infrastructure in condominiums throughout Tokyo, addressing a key hurdle in the city's push for carbon neutrality by 2030.

Background of the Agreement

The Tokyo Metropolitan Government has set a bold target for 2030, committing to a complete transition from gasoline to electric vehicles for new car sales. This objective is critical, given that approximately 70% of residential areas in the city consist of multi-family housing, where the lack of at-home EV charging options poses a significant barrier to EV adoption. To combat this, starting in April 2025, new condominiums will be mandated to install charging facilities. The goal is to establish 60,000 charging ports by 2030. This collaboration is vital, as Cool-Net Tokyo serves as the backbone of efforts to mitigate global warming, supporting both residents and businesses in their transition to a decarbonized society by accelerating the construction of EV charging infrastructure through public-private partnerships.

Introducing WeCharge – The Ideal EV Charging Service for Condominiums

UbiDen's EV charging service, WeCharge, operates on a principle of beneficiary payment, which not only supports individual EV users but also enhances the property's overall value. The key features of WeCharge include:

• - Individual Installation: Each parking space is equipped with its own charging outlet.
• - Zero Electricity Costs for Management Associations: UbiDen covers the electricity expenses, reimbursing usage costs to the management associations.
• - Beneficiary Payment System: Management associations can recover their investment through fees collected from EV users.
• - 24/7 Support: No need for management associations or companies to handle payment collections or respond to inquiries about charging fees.

This innovative approach aims to make EV charging accessible and cost-effective for residents in multi-family buildings, facilitating a smooth transition to electric mobility.

Leading the Industry with Proven Success

UbiDen has established itself as a frontrunner in the sector, having collaborated with numerous developers for residential projects. Notable partnerships include major real estate companies such as Asahi Kasei Homes, Kintetsu Real Estate, and Mitsui Fudosan Residential.

For instance, the Gracia Park Hachioji Minamino condominium in Tokyo was fully equipped with EV charging outlets across all parking spaces. With the implementation of WeCharge, the EV and PHEV contract rates have shown significant increases, further promoting the shift towards electric vehicles within these communities.

Future Developments

With this new agreement, UbiDen plans to accelerate the installation of EV charging infrastructure in condominiums across Tokyo. By resolving the challenge faced by residents without the ability to charge their vehicles at home—similar to detached houses—the initiative aims to achieve the Tokyo government's ambitious goal of having 100% non-gasoline vehicle sales by 2030.

About UbiDen Inc.

UbiDen envisions a future where individuals can use their electricity freely, without concern for location or environmental impact. The company offers innovative energy solutions that enhance the electricity experience. Its EV charging service, WeCharge, is expanding nationwide, primarily focusing on residential and work charging solutions. The distinct feature of WeCharge allows residents to charge their vehicles at their convenience in dedicated parking spaces.

Company Overview

• - Company Name: UbiDen Inc.
• - CEO: Noriaki Yamaguchi
• - Established: April 19, 2019
• - Headquarters: 4F Bizflex Azabu Juban, 1-14 Mita 1-chome, Minato City, Tokyo
• - Main Business: Management and operation of the EV charging service "WeCharge"
• - Corporate Site: UbiDen Official
• - WeCharge Service Site: WeCharge Official