How would you explain your business model?

EHAUL builds the ecosystem, developing manufacturer-agnostic station infrastructure, the swapping technology itself and the digital platform that connects battery banks, station operators and fleet operators.The model has three layers and scales from asset-heavy infrastructure ownership in the early phase to an asset-light platform model at maturity.

1. Battery-as-a-Service: EHAUL owns the battery assets through a dedicated battery-bank subsidiary. Customers order swap-capable trucks from OEM partners and sign a BaaS contract with EHAUL at the point of sale. The truck is delivered with an initial battery from the EHAUL pool and the customer pays a monthly fee based on kilometers driven, whether the truck swaps at an EHAUL station or charges by cable.

2. Energy sales: EHAUL develops, builds and operates the stations. Pricing varies according to station utilisation, the state of the storage battery, wholesale energy prices, customer volume commitments and swap counts.

3. Multi-tenant platform from 2030: Once the core infrastructure is live, EHAUL opens its platform to third-party station operators and battery banks who join as independent participants. The platform handles vehicle and battery clearance, asset monitoring, booking, billing and settlement and earns a commission on both BaaS and energy volumes flowing through it.

What makes your idea unique compared to your competitors?

Battery swapping for heavy trucks is already scaled and proven in China, where roughly every third newly registered heavy electric truck is swap-capable.What differentiates EHAUL is the open ecosystem approach. It builds on native compliance with DIN SPEC 91533, the first European standard for truck battery swapping, which we developed together with CATL, DAF, Daimler Truck, DHL, Iveco and TRATON. Any compliant truck fits any compliant station, so fleets are not tied to a single truck or battery supplier. Our multi-tenant platform then admits independent station operators, battery banks and fleet operators as participants and handles clearance, billing and settlement between them.

Where do you see your company in the next 5 years?

Market entry focuses on a fleet demonstration in Germany with two stations and 40 swap-capable trucks, with launch expected in late 2027. It validates the second Generation technology under real operating conditions at scale.EHAUL will then expand into a core network across Central Europe along the TEN-T corridors, supplemented by demand-driven hubs at logistics clusters. From 2030 the platform will open to third-party station operators and battery banks, shifting the business model from asset-heavy to asset-light.By the end of 2031 our goal is over 100 stations and 4,000 swap-capable trucks in operation.