2024
10
$150,000
$40,000
$700,000
No
In the midst of one of the most dynamic transitions in energy and transportation history, 4EverCharge emerges as a powerful franchise opportunity for US investors who want to lead in the fast-growing electric vehicle (EV) infrastructure space. Combining EverCharge’s pioneering SmartPower™ technology with the operational expertise of Bay Electric, 4EverCharge offers franchisees the chance to deploy reliable, scalable EV charging stations—Level 2, DC fast charging, multi-family, workplace, and fleet solutions—across high-demand locations.
Whether you’re an established business owner, real estate developer, investor, or entrepreneur, 4EverCharge positions you at the forefront of a sustainable future: clean energy, recurring revenue, strong margins, and alignment with federal, state, and local incentives. If you want to own a business with long-term growth potential, recurring income, and the backing of a seasoned tech + infrastructure partner, this is your chance.
Why Invest in this Franchise?
Massive Market Demand & Policy Tailwinds: The US is accelerating electrification of transportation through federal infrastructure bills, EV purchase incentives, state-level mandates, and increasing consumer adoption. The demand for accessible, convenient EV charging is only going up. EverCharge itself cites that in 2024, over 1.3 million new EVs were sold in the US—creating an urgent need for charging infrastructure.
Proven Technology & Product Suite: EverCharge offers a range of well-developed products (EV02, Cove, DCFC, Glance) plus SmartPower and dynamic load management which allow more chargers per location, reduce wait times, make better use of existing power/utility infrastructure, and help lower costs.
Strong Ownership & Backing: EverCharge is owned by SK Group / SK E&S, a large global conglomerate with resources in clean energy and infrastructure. That gives franchisees confidence in investment, research, supply chain, service reliability, and staying power in regulatory changes.
Scalable, Semi-Passive Business Model: You secure locations (shopping centers, workplaces, apartment complexes, public parking, etc.), install chargers, and generate recurring revenue from usage, maintenance, and possibly service contracts. Once installed, many of the operational burdens are handled via technology, software monitoring, and stable customer contracts.
Full Support & Training: Franchisees don’t need to be EV experts or electrical engineers. Technical, operational, sales, marketing, customer service backup is provided. You build, scale, and manage; 4EverCharge helps with the rest.
Established Year:
The 4EverCharge franchise initiative was formally launched in 2024 as a partnership between Bay Electric—a respected electrical contracting company with decades of operational expertise—and EverCharge, one of the leading providers of smart electric vehicle (EV) charging solutions in the United States.
Founders & Origins:
The franchise model was developed by Biagas, leveraging Bay Electric’s long history of excellence in large-scale electrical projects, and powered by EverCharge’s proprietary SmartPower™ technology. EverCharge itself was founded in 2013 in California to address the growing need for scalable EV charging solutions, especially for multi-family, fleet, and workplace environments.
Ownership & Growth:
In 2022, EverCharge was acquired by SK E&S, a subsidiary of the SK Group, one of South Korea’s largest global energy and technology conglomerates. This acquisition provided EverCharge—and now 4EverCharge—with robust financial backing, international partnerships, and advanced R&D support to strengthen its EV infrastructure leadership in the USA.
Franchise Units & Expansion:
By early 2025, 4EverCharge began awarding franchise territories across the USA, starting with high-growth metropolitan regions and states with strong EV adoption rates such as California, Texas, New York, Florida, and Washington. The brand has already rolled out multiple franchise units and is actively expanding to capture the rapidly growing EV market.
Company History & Journey:
2013: EverCharge founded in California to solve EV charging challenges in multi-unit residences.
2016–2019: Expansion into fleet and workplace charging with proprietary SmartPower™ load management technology.
2020–2021: National recognition as EV adoption accelerated across the USA.
2022: Acquired by SK E&S, boosting capacity, funding, and innovation.
2024: Launch of 4EverCharge franchise program with Bay Electric, designed to rapidly expand EV charging infrastructure across American communities.
Industry Category:
4EverCharge operates in the EV charging infrastructure and clean energy industry, a subsector of the broader renewable energy and green technology markets. The franchise focuses on installation, operation, and management of EV charging stations across multi-family housing, corporate workplaces, commercial parking, and fleet operations.
Market Presence in the USA:
EverCharge has established itself as a trusted charging solutions provider nationwide, with installations at major locations including Oracle Park (home of the San Francisco Giants), airports, corporate campuses, and multi-family housing developments.
With federal incentives such as the Infrastructure Investment and Jobs Act allocating billions toward EV charging stations, 4EverCharge is uniquely positioned to seize opportunities in the US market.
The company is expanding through franchising to meet rising demand, ensuring local operators can build profitable businesses while supporting America’s clean energy transition.
To ensure franchisee success, 4EverCharge offers extensive multi-phase support:
Pre-Launch Support
Assistance with site selection and territory analysis: evaluating foot traffic, grid capacity, utility availability, local regulations, permits.
Guidance on real estate negotiations, zoning, electrical infrastructure assessments.
Help in applying for any available state or federal grants, tax incentives, rebates for EV charging infrastructure.
Initial Setup & Operational Training
Training on EverCharge’s product suite (EV02, Cove, DCFC, etc.), including installation best practices, safety standards, vendor management.
Technical training: load-management, SmartPower™, software dashboards, managing charging sessions, handling maintenance.
Operational set-up: billing systems, customer onboarding, support, warranty handling.
Marketing and Sales Support
National brand marketing resources: co-branded materials, digital marketing templates, guidance for local marketing.
Help in forming B2B partnerships (property owners, fleets, workplace operators), public sector outreach.
Assistance with grant, incentive awareness, often critical in EV infrastructure installs.
Ongoing Support / After Sales
Technical & maintenance support: remote monitoring, software updates, troubleshooting.
Customer service: handling user concerns, warranties, reliability issues.
Product upgrades, hardware + software improvements as technology advances.
Business development coaching: scaling, adding new locations, optimizing revenue per station.
Academic / Training Resources
Training modules (online and/or in-person) for the franchisees and staff.
Access to documentation, best practices, compliance procedures.
Webinars, networking events to share learnings among franchisees.
The ideal 4EverCharge franchisee in the USA would have the following characteristics:
Entrepreneurial / Visionary Investor: Someone who sees the shift toward electrification and wants to participate meaningfully, not just passively.
Business or Electrical / Engineering Background: While not strictly required, experience in construction, electrical contracting, commercial real estate, sustainable energy, or fleet management helps.
Financial Capacity: Enough capital or capacity to invest the upfront costs—including equipment, installation, site preparation, permitting, and enough working capital to cover operating expenses before full utilization. Also able to absorb some regulatory / utility delays or unexpected infrastructure costs.
Commitment to Sustainability & Tech: A passion for clean energy / green technologies helps both in terms of branding and credibility. Familiarity or willingness to learn technical systems (software, hardware) is important.
Good Network & Location Understanding: Ability to source locations with high EV charging demand (multi-family housing, workplaces, public amenities, shopping centers, fleet depots). Someone who can build relationships with property owners, local officials, utilities.
Long-Term Perspective: This business tends to yield returns over time; infrastructure costs are front-loaded, revenue builds as utilization increases. Patience and strategic growth mindset are needed.
Regulatory / Permitting Savvy or Willing to Learn: Dealing with local building codes, electric utility requirements, possibly incentives or grants.
Preferably in Growth Regions: States / metro areas with EV adoption rates rising (California, Pacific Northwest, Northeast, Texas, etc.), or underserved areas where charging infrastructure is lacking.
| Financial Category | Estimated Range (USD) | Notes / Details |
|---|---|---|
| Minimum Investment Required | ~$150,000 — $300,000+ | Depending on number of charging stations, site prep, permits, type (Level 2 vs DC fast) |
| Total Investment Required | ~$300,000 — $700,000+ | Includes franchise fee, infrastructure, hardware, installation, working capital, marketing, overheads |
| Franchise Fee | Likely in the ballpark of $40,000-$80,000 | To grant territory rights, brand use, initial training and support |
| Infrastructure & Equipment Cost | Depends greatly on site, number of chargers; could be $50,000-$400,000+ per site | DC fast chargers cost much more; Level 2 less but more chargers needed for volume |
| Marketing Budget | Often 2-5% of gross revenue; initial local marketing spend required upfront | To generate demand, B2B relationships, branding, signage |
| Working Capital | $50,000-$150,000+ | To cover salaries, insurance, utilities, maintenance, overhead during ramp-up period |
| Royalty Fees | Estimated 5-10% of gross revenue | Standard for franchised business where ongoing brand, support, tech are provided |
| Expected ROI | 2-4 years | Depending on location, utilization, efficient operations, grant / incentive leverage |
| Break-Even Time | Typically 18-36 months | Many variables: charger utilization, demand, cost of electricity, utility fees, competition |
| Potential Revenue Streams | Charging fees per kWh/time, subscription / membership models, contracts with fleets, service & maintenance agreements, incentives or rebates, possibly revenue share with property owners | Good diversification helps: workplace, multi-family, public, fleet, etc. |
