Oct 7 (Reuters) - Japan's Nissan Motor ( NSANF ) said on
Monday it would invest an undisclosed amount in ChargeScape and
roll out the battery charging technology company's services to
its electric-vehicle drivers across the United States and
Canada.
After the transaction, Nissan ( NSANF ) will pick up a 25% stake in
ChargeScape, becoming an equal investor in the joint venture
that is currently equally owned by BMW, Ford and
Honda ( HMC ).
ChargeScape, which provides software and technology to
optimize EV battery charging, competes in a tight market that is
dominated by Tesla and has seen newer entrants such as
ChargePoint ( CHPT ), Gridserve and BP Pulse.
Demand for automotive software catering to electrified
vehicles has been on the rise as more companies realign their
model lineups with advanced driver aids and automated features.
ChargeScape expects more automakers to invest in it over the
next few months.
When plugged in to ChargeScape's platform, drivers can also
receive financial incentives for temporarily pausing charging
during periods of high demand and will eventually be able to
sell the energy stored in their vehicles back to the power grid.
Nissan's ( NSANF ) move underscores its wider strategy towards
investing in the bi-directional charging technology offered on
its Leaf EV.