Zaptec ASA is a Norwegian technology company specializing in electric vehicle (EV) charging infrastructure and smart charging software. The company's business model revolves around the design, manufacture, and sale of alternating current (AC) wall charging stations, complemented by recurring revenue from its Software-as-a-Service (SaaS) platforms. Zaptec's hardware portfolio features the Zaptec Go, a compact charger designed for single-family homes, and the Zaptec Pro, a scalable system tailored for housing cooperatives, commercial parking, and public spaces. To support its hardware, the company offers the Zaptec Portal, a cloud-based platform for real-time monitoring and load optimization, and Zaptec Sense, which automatically adjusts charging speeds to prevent building power overloads. Geographically, Zaptec holds a strong market position in the Nordics, with significant sales operations in Norway, Sweden, Denmark, and Switzerland, alongside a growing footprint across broader European markets. The company primarily distributes its products through a network of installation partners, housing associations, and commercial property owners rather than direct-to-consumer sales. In 2024, hardware sales constituted the majority of the company's revenue, while its high-margin SaaS segment accounted for approximately 34% of total revenue, reflecting a strategic shift toward recurring software income.
