Mobility data company Vahanomy has partnered with the University of Edinburgh to develop project financing and costing models for electric vehicle charging infrastructure.
The work has been facilitated and funded by the AI Accelerator programme based at the Bayes Centre, with the joint work helping to develop models to access project financing and cost estimations for different types and formats of public EV charging infrastructure.
The research and consultation with stakeholders in the EV ecosystem will further strengthen Vahanomy’s products to accelerate the rollout of the EV charging infrastructure, with the developing of models using discounted cash-flow methods to evaluate the financial performance of EV charging infrastructure projects.
The models will not only provide cost estimations and predictions for different scenarios, such as greenfield and brownfield projects, but also have the capability of evaluating a variety of business arrangements, including public-private partnerships.
It is also interviewing stakeholders for data verification and there will be an exploration of data sources for the proposed model/tool to identify potential business models and financing options/sources required for a viable EV charging infrastructure project, it said.
Theodor Cojoianu, Associate Professor in Sustainable Finance at The University of Edinburgh Business School and Director of Research at the Edinburgh Futures Institute, said: “The installation, maintenance or repair of charging stations for electric vehicles is a recognised green economic by many sustainable financial regulations and investors around the world. We are delighted to further our research into the economic and financial viability of different EV charging deployment models and help scale green technologies towards our net-zero to 2050 goals.”
Mengfei Jiang, Lecturer in Finance, Centre for Business, Climate Change and Sustainability, The University of Edinburgh Business School said: “The synergy between Vahanomy and the Business School is pivotal. As the push for decarbonisation intensifies globally, it’s vital to have robust, data-driven insights guiding the EV charging infrastructure rollout. By developing models that can evaluate the financial performance of EV charging infrastructure projects, we are providing potential investors with a clear roadmap”.
Arun Gopinath, CEO and Co-founder of Vahanomy, said: “Our partnership with the University of Edinburgh Business School’s Centre for Business, Climate Change and Sustainability will help our customers make better decisions to protect and grow their investments in EV charging infrastructure. The findings from this collaborative work will further strengthen the offering of our location data intelligence tool to have an improved understanding of the suitability, viability and risks of EV charging infrastructure projects.”
Image courtesy of Vahamony