acquiredEşarj

Eşarj built Turkey's first EV charging network

Turkey's first and largest fast-charging network for electric cars — 1,000 stations strong — fully owned by energy giant Enerjisa.

أول وأكبر شبكة شحن سريع للسيارات الكهربائية في تركيا — ألف محطة — تمتلكها بالكامل شركة إنرجيسا للطاقة.

Next →
  1. The Bottleneck

    What was broken?

    Turkish drivers won't buy electric cars if they can't charge them: in 2008 there was effectively no public charging network outside a few pilot plugs.

  2. The Move

    Why it worked

    Started a decade before EVs went mainstream, then scaled on Enerjisa's balance sheet — grid access, retail sites, and capital for hundreds of fast chargers.

  3. The Trap

    Battle scars

    Fast chargers are capex-heavy and utilisation-dependent; grid-connection queues and electricity prices squeeze margins; Trugo (Togg), ZES, and foreign operators now race for the same highway sites.

The problem

Nobody buys an electric car they cannot charge. When Eşarj was founded in 2008, Turkey had effectively no public charging infrastructure, so intercity EV travel was impossible and fleet electrification unthinkable.

How it works

Eşarj develops and operates public charging stations — AC and DC fast chargers — in 81 provinces, alongside home and workplace charger sales and the software to find, pay for, and manage charging. Drivers top up per session; corporates, dealers, and fuel retailers get turnkey infrastructure. Backed by Enerjisa, it prioritised fast (DC) chargers on high-traffic corridors and malls, and partners with automakers — including building 70+ AC/DC stations across BYD’s Turkish dealerships.

Pain points

Range anxiety between cities, overnight charging too slow for daily drivers, and a fragmented patchwork of operator apps and payment flows.

Business model

Per-kWh/session charging fees at its own stations, plus B2B revenue from station hardware sales, installation, and charging-management software — with automaker and retail partnerships driving utilisation.

Challenges

Each DC station is a six-figure grid-connected asset that only pays back at high utilisation; connection queues and power prices bite; and Togg’s Trugo, Zorlu’s ZES, and global operators contest the best highway locations.

Funding

  • Raised: MISSING (company-built, then balance-sheet funded inside Enerjisa).
  • Ownership: Enerjisa Enerji’s wholly-owned Enerjisa Müşteri Çözümleri holds 100% of Eşarj shares (Enerjisa).
  • Valuation: MISSING.

Latest — January 2024

Eşarj plugged in its 1,000th station — a high-speed DC charger at Aqua Florya — reaching ~1,800 sockets and 80+ MW of installed capacity with nearly one million lifetime charging sessions, and marked the milestone with a 20% customer discount across the network from January 24–26, 2024.

Similar sparks

⚡️ SERIES B$18M Series B

Nigeria · 2026-09-28

Arnergy rents you the sun — solar power with zero down payment

Reliable solar power for Nigerian homes and businesses — modular panels with battery storage on rent-to-own plans, monitored remotely over IoT.

بالعربي

طاقة شمسية موثوقة للمنازل والشركات النيجيرية — أنظمة معيارية مع تخزين بالبطاريات بخطط إيجار تنتهي بالتملك ومراقبة عن بُعد عبر إنترنت الأشياء.

  • energy
  • #energy
⚡️ ACQUIRED

Nigeria · 2026-09-28

Daystar Power sells sunshine to businesses as a service

Designs, installs, and operates rooftop solar-plus-storage for commercial and industrial clients who pay a monthly fee instead of buying generators and diesel.

بالعربي

تصمم وتركّب وتشغّل أنظمة الطاقة الشمسية على أسطح الشركات والمصانع مقابل رسوم شهرية بدل مولدات الديزل المكلفة.

  • energy
  • #energy
⚡️ PUBLIC

India · 2026-09-28

ReNew builds the wind and solar farms powering India's grid

India's Nasdaq-listed clean-energy producer — developing, owning, and operating utility-scale wind, solar, hydro, and storage, plus domestic solar-module and cell manufacturing.

بالعربي

منتج طاقة نظيفة هندي مدرج في ناسداك يطوّر مزارع الرياح والطاقة الشمسية ويشغّلها ويصنّع الألواح الشمسية محليًا.

  • energy
  • #energy
⚡️Spark playbook copied! Go build.