CY’24 - Q3 report

1. Executive Summary

• Press Coverage in The Verge, Electrek, InsideEVs, Charged EV Magazine, [EV.com](http://EV.comhttps://www.ev.com/news/revel-and-juice-bring-ai-powered-ev-charging-technology-in-new-york-city&blogId=5654)

  “You pull up. The charger recognizes your EV the way your iPhone recognizes your face, and once you plug it in, it begins to charge. It takes payment. You unplug. You leave. It doesn’t matter which EV you drive. It just works for everyone…this could change everything about the fast charging experience.

  This company and this technology are definitely one to watch” - InsideEVs

• Over 2,000 new users added since May 1st, $250k charging revenue and 30,000 automated sessions - request access to our report on the launch here

• Added over $200m of new pipeline opportunities, with first >$1m TCV deals, and five over $20k MRR

• Supported launch of first ‘Juiced up’ Revel site on Manhattan in New York, below (pictured with current investors - Keith Maddox, Dee Zheng from Orca Climate Fund, Kirsti Chou, James Murfin from Juice, Elisha Jacbos from RedBlue):

2. Product Development

• Over 25 platform updates launched:
  • 5 major platform releases in 3 months - see public release page here
  • Launched computer vision bounding box tool for more accurate charging automation
• World-first launch of ‘visual idle fees’ to detect vehicles even when not plugged in, and charge a fee per minute
• New marketing features for partners to drive usage and revenue, and end-user improvements to comms and web app

3. Market Traction

• User growth of over 50% MoM since launch
• Pipeline increase 40x since Jan joined in May:

  • $500m in total pipeline TCV

  • $30m weighted pipeline TCV

  • 56 total opportunites
  • 7 in pilot phase
• Top Q4 Enterprise opportunities:
  • EVIQ: CPO is owned by the Public Infrastructure Fund (PIF) in Saudia Arabia. EVIQ aims to install 5,000 DC chargers in the Kingdom by 2030. Our last call with EVIQ’s COO was very positive and we are aiming to close the deal by the end of the year. - $25k MRR oppty
  • Largest parking management company in North America (confidential, under NDA). First opportunity in planning for 18 sites in Michigan - $20-100k MRR oppty

4. Financial Performance

• Revenue growth of 65% MoM since launch, and now over $250k gross charging revenues with over $10k net to Juice
• Our increased burn from hiring an additional engineer and CRO
• Funding: Preparing for Seed in 2025