PowerStake: Ethereum-based crowdfunding platform to accelerate EV charging infrastructure in Malaysia.
PowerStake is an innovative Ethereum-based crowdfunding platform aimed at solving Malaysia's EV charging infrastructure gap. With only 2,020 chargers across the country as of January 2024 and a target of 10,000 by 2025, the lack of charging stations hinders EV adoption due to range anxiety and high installation costs.
PowerStake bridges this gap by leveraging blockchain technology to ensure transparent and secure crowdfunding. Through smart contracts, funds are released only when project milestones are met, and revenue is automatically distributed to investors and stakeholders.
Our platform brings together private land developers, EV charging providers, and public investors to collaboratively expand Malaysia’s EV infrastructure. By enabling community-driven stations, PowerStake allows EV charging points to be set up in both urban and rural areas, helping Malaysians confidently adopt electric vehicles. With a transparent and decentralized approach, PowerStake ensures all participants can benefit while accelerating the country's transition to sustainable transportation.