In recent years, the move towards fleet electrification has gained significant momentum due to the emergence of charge point operators (CPOs) focusing specifically on charging electric trucks (eTrucks).
These charge point operators are developing innovative business models that cater to the requirements of fleet operators by providing adaptable and cost-efficient charging solutions.
Powering the global shift to electric
Kempower is a fast-growing provider of DC fast charging solutions, enabling the global transition to electric mobility. With a scalable product platform and strong international momentum, we are building a sustainable, technology-driven business for the future.
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Kempower Half Year Financial Report January 1 – 30 June 2025
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July 24th 2025
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Oct 24th 2025
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Order intake by quarter
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Revenue by geographical area
EUR million
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EUR 4
number 2
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Equity story
For some, good is enough. We want MORE.
We changed the game in the EV evolution.
We innovate. We deliver MORE.
MORE PLUGS.
MORE POWER.
MORE DATA.
We changed the game in the EV evolution.
We innovate. We deliver MORE.
MORE PLUGS.
MORE POWER.
MORE DATA.
From welding roots to EV charging dominance
At a glance
Rooted in engineering
Kempower was founded in 2017, spun out from Kemppi’s 70+ years of industrial expertise. Built on a legacy of reliability and innovation.
Purpose-built for EV charging
We saw the EV shift coming — and built modular, scalable fast chargers tailored for fleets, public use, and heavy-duty needs.
From startup to leader
Revenue jumped from €27.4 million in 2021 to €223.7 million in 2024
2024 marked our U.S. manufacturing debut and significant expansion across North America
Now serving fleets, EV networks, and OEMs in 40+ countries worldwide
Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
Backing the future of clean transport
INVESTMENT CASE
Rapidly growing in an attractive market
Our revenue grew at a CAGR of 1,191% between 2018 and 2020, driven by our advanced products and rising demand for EV DC fast charging. By 2030, the market is expected to reach EUR 4,000 million, growing at 17% CAGR in Europe and 27% in the U.S.
Scalable, low-capex business model
By outsourcing key component manufacturing, we focus on high-value assembly. As volumes grow, material costs are expected to decline, while our modular products and AI-powered ChargEye™ software enhance scalability.
Competitive, widely compatible product with efficient production
Our products are built for mass customisation and flexibility, with power units placed up to 50 metres from the post. Movable chargers suit challenging locations, and our systems support all major charging standards. Dynamic power sharing between satellites ensures efficient energy distribution, giving each vehicle optimal charging power — a key competitive advantage.
Technological knowhow and innovation heritage from the Kemppi Group
Kempower was formed out of the Kemppi Oy group, a leading welding solutions provider founded in the 1950s. As a testimony of the successful R&D work, Kempower supplied power sources to CERN in 2006 and received a supplier of the year award. Supported by this technological heritage, we have been able to build a culture of innovation and a roadmap for future R&D development with a target of fulfilling future needs for EV fast charging.
Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
A wide ranging offer
Product offering
Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
Megatrends fueling our growth
OUR MARKET
Tightening emissions regulations
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Port electrification
Port electrification is a transformative megatrend in global electrification, driven by the maritime sector’s transition to greener and more efficient operations.
The drive for decarbonization, supported by international frameworks like the Paris Agreement and the International Maritime Organization’s (IMO’s) 2050 strategy, has made port electrification a necessity.
The drive for decarbonization, supported by international frameworks like the Paris Agreement and the International Maritime Organization’s (IMO’s) 2050 strategy, has made port electrification a necessity.
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It's all about energy
In the past few years, the demand for direct current (DC) charging distributed systems has reached unprecedented levels, driven by the growing adoption of electric vehicles (EVs) across private and commercial segments.
Advanced DC fast-charging systems now deliver high efficiency, combining lower power consumption with faster energy delivery.Innovations such as silicon carbide (SiC) inverters and modular charging architecture have enabled chargers to achieve efficiency levels exceeding 95%, reducing energy losses and operational costs.
Advanced DC fast-charging systems now deliver high efficiency, combining lower power consumption with faster energy delivery.Innovations such as silicon carbide (SiC) inverters and modular charging architecture have enabled chargers to achieve efficiency levels exceeding 95%, reducing energy losses and operational costs.
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Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
Expanding across key EV markets
Kempower is rapidly scaling to meet global demand for reliable, high-performance EV charging solutions. With a strong presence in Europe and growing momentum in North America, we are expanding our footprint through strategic partnerships.
Total charging sessions
29M
Total energy delivered
1.1TWh
Charger availability
>99%
Revenue by geographical regions
Q1 2025
Q1 2024
Change
2024
Nordics*
19.0
15.3
24%
97.9
Rest of Europe
18.3
20.3
-10%
94.8
North Europe
3.2
4.1
-22%
20.8
Rest of the World
3.1
2.8
8%
10.3
*Nordics include Finland, Sweden, Norway, Denmark and Iceland
Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
Strategy in brief
Growth strategy
Integrated solutions
Positioned at the heart of the EV revolution, Kempower delivers fast-charging systems for a rapidly scaling global market — with strong momentum across Europe and North America.
Global presence
Kempower has a presence on every continent, with Europe and North America as our core markets, while also identifying growth opportunities worldwide.
Service offering
Our service offerings are becoming a crucial part of our overall solution, enabling recurring revenue generation.
Talent development
We are committed to finding and developing the right talent to support our rapid growth and business success.
Founded
2004
Headquarters
Oslo, Norway
Number of employees
> 600
Market cap
-
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