peaq, the layer-1 blockchain for DePIN and Machine RWAs (real-world assets), announces the expansion of its ecosystem as charge.xyz joins in. charge.xyz is building a DePIN enabling global peer-2-peer charging via community-owned electric vehicle chargers. The project has already completed the proof-of-concept version of its dApp and is now preparing for a mobile release that will feature initial core functionalities to onboard users. A full-on integration with peaq leveraging peaq’s Modular DePIN Functions and other DePIN-focused benefits will follow later in the year.

While electric vehicles are growing more popular, their adoption is not without hurdles. The lack of supporting infrastructure, especially compatible charging points, is one such challenge — to the point where concerns about charger availability deters people from buying electric vehicles. Millions of existing residential and privately-owned electric vehicle chargers could greatly expand the availability of charging and boost electric vehicle adoption without any investment needed.

charge.xyz works to close this gap by enabling charger owners to offer their charging points to the public, selling charging sessions to those in need. After joining its DePIN, wallbox (charging point) owners will be able to customize the availability of their chargers in line with their needs, set their price rates, and review the charger’s use logs.

charge.xyz is tapping peaq as its layer-1 blockchain and will leverage its Modular DePIN Functions as part of its core architecture and business logic. It will leverage peaq IDs as the identity standard for the DePIN, build the smart contracts powering the key interactions within its network on peaq, and use peaq as its payments and data storage layer. It is also exploring prospective synergies and partnerships within peaq’s ecosystem of more than 25 DePINs and world-leading enterprise partners.

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At the current stage, the project is working on a mobile app which will enable people to register their chargers and electric vehicles on its DePIN. The app’s other features will include the ability to register historic charging sessions and write reviews to chargers, making for an open and transparent P2P-marketplace. More community-facing initiatives are also on their way.

“The fragmentation of the charging infrastructure landscape and existing players in the market playing the zero sum game are the biggest hurdles for the adoption of the global EV-revolution and a greener mobility paradigm,” says Dominic Klopsch, co-founder of charge.xyz.

“charge.xyz is addressing this challenge while also empowering anyone to be part of the push for a more sustainable future. peaq is the perfect layer-1 for this, as no other blockchain delivers such powerful fundamentals as well as a vast set of DePIN-specific functions. We look forward to building and launching on peaq and see unlimited potential synergies within its wide ecosystem of DePINs and top enterprises,” adds Fabian Poehler, co-founder at charge.xyz.

“One thing is certain: decentralized charging will lead to greater acceptance of electric cars,” says Leonard Dorlöchter, co-founder of peaq. “Decentralized charging is probably one of the most straightforward machine economy use cases. It will greatly reduce fragmentation of charging infrastructure and solve a fundamental issue for electric vehicle adoption — charger availability. We’re excited to see charge.xyz take on this important mission, choosing peaq as its layer-1, and are certain that the benefits to the peaqosystem and end-users are immense.”

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