Datametrex AI Limited (TSXV: DM) announced today that it has completed the initial stages of its electric vehicle project. The initiative is focused on the $4.26 billion EV charging market.
The project utilizes the company’s proprietary AI technology in an electric vehicle charging app. The latter will allow individuals to sign up personal spaces, like stalls in strip malls or own houses, as charging stations. This also enables commercial charging networks to monitor their stations and digitize their management.
For the app users, this can help in locating the “most economical charging station available,” incorporating a number of factors like time of day, charging speed, and expected travel duration.
Being able to utilize our technology in an emerging market like EV charging is exciting and represents a potential new segment for DM with potentially significant upside.Datametrex CEO Marshall Gunter
The firm said it will provide more details on the endeavor as it progresses.
Datametrex AI last traded at $0.185 on the TSX Venture.
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