Emobi Partners with ElectricFish to Enable JustPlug on Grid-Independent Ultra-Fast Public and Fleet Charging Depot Infrastructure
SAN FRANCISCO, Aug. 5, 2025 /CNW/ -- Emobi, North America's largest EV charging roaming and JustPlug infrastructure, today announced a partnership with ElectricFish, a national leader in building the next-generation of distributed energy infrastructure. This collaboration establishes ElectricFish as a charge point operator partner on Emobi's platform, positioning Emobi as the digital infrastructure for both public chargers and fleet charging depots, like ElectricFish's solutions, which deliver fast charging without requiring grid upgrades.
The partnership combines Emobi's patented JustPlug technology with ElectricFish's microgrid-scale energy storage and fast charging solutions to address two critical barriers to mass EV adoption: charging speed and grid infrastructure limitations. Emobi's JustPlug solution enhances compatibility with existing infrastructure while reinforcing security through encryption and certificate authentication. The technology enables 80% of existing vehicles and chargers—which lack traditional Plug & Charge capabilities—to experience seamless automatic charging with centralized data management across different systems. ElectricFish's 350Squared system delivers 133% faster EV charging than traditional hardware while reducing up to 90% of costly grid upgrades through proprietary power electronics design and battery integration.
This collaboration comes as charging infrastructure must rapidly scale to support anticipated demand growth. Traditional deployment approaches are often constrained by lengthy grid upgrade processes, with some installations taking up to two years and costing $100,000 or more in infrastructure improvements. The combined solution eliminates these barriers while offering operators enhanced security, increased utilization by drivers through interoperability, and the ability to support Plug & Charge capabilities without expensive hardware replacement.
"This partnership exemplifies our commitment to future-proofing EV infrastructure as we expand beyond public charging into fleet charging depots," said Lin Sun Fa, CEO of Emobi. "ElectricFish's approach to solving grid constraints complements our JustPlug technology's ability to eliminate compatibility barriers across both public and fleet use cases. The same protocols we use today for JustPlug will also power Vehicle-to-Grid communication, ensuring our infrastructure can adapt as the industry evolves."
"ElectricFish is transforming the EV charging experience by delivering the speed, reliability, and convenience drivers expect—without the delays and costs of grid upgrades," said Anurag Kamal, CEO of ElectricFish. "Our 350Squared units bring the simplicity of gas station fueling to EV charging: ultra-fast sessions, seamless authentication, and grid-independent resilience. By partnering with Emobi, we're enabling public and fleet drivers to plug in and power up in minutes, and securing charging while operators maximize utilization and revenue opportunities."
The companies will begin showcasing their integrated solutions through upcoming deployments in Detroit, Redwood City, and Oakland, California, demonstrating how JustPlug-enabled ElectricFish charging stations can deliver seamless, grid-independent charging experiences. By combining solutions that can rapidly scale without overwhelming existing infrastructure, Emobi and ElectricFish are creating a pathway for global expansion of charging networks that make EV adoption more effortless for both fleets and drivers.
About Emobi
Emobi enables seamless and secure EV charging across networks, providing unified infrastructure for app makers, fleets, and automakers, while maximizing charger utilization. Its secure, fully automated charging technology, JustPlug, simplifies EV charging and works instantly with no special hardware or software required. Emobi holds two provisional patents, integrates with over 120,000 chargers across the U.S. and Canada, and serves over 40 enterprise customers. Emobi is trusted by the U.S. Department of Energy and Department of Transportation and backed by global investors including Florida Funders and Y Combinator. For more information, visit www.emobi.ai.
About ElectricFish
ElectricFish is building the next generation of distributed energy infrastructure, powered by advanced machine learning software. Its flagship product, the 350Squared, provides industry-leading EV fast charging and community resilience, especially in grid-constrained locations. Founded in 2019, ElectricFish is headquartered in San Carlos, Calif. ElectricFish was co-founded by CEO Anurag Kamal, MS; Chief Scientific Officer Folasade Ayoola, MS MBA; Chief Systems Architect Nelio Nascimento; and COO Vince Wong, MBA. For more information, visit us at www.electricfish.co.
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Megan Nealon
[email protected]
(516) 644-8127
SOURCE Emobi
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These industry metrics are unaudited and are not directly derived from our financial statements. The non-IFRS measure and industry metrics are used to provide investors with supplemental measures of our operating performance and thus highlight trends in our core business that may not otherwise be apparent when relying solely on IFRS measures. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS measures and industry metrics in the evaluation of issuers. Our management also uses the non-IFRS measure and industry metrics in order to facilitate operating performance comparisons from period to period, to prepare annual operating budgets and forecasts and to determine components of management compensation. 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Forward-Looking Statements This press release includes forward-looking statements and forward–looking information within the meaning of applicable securities laws in Canada. Forward-looking statements and information may relate to our future financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives. Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "targets", "trends", "directional indicator", "indicator", "future success", "expects", "is expected", "opportunity", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "scalability", "trajectory", "prospects", "strategy", "intends", "anticipates", "adoption", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or, "will", "occur" or "be achieved", and similar words, or the negative of these terms and similar terminology. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements in this press release include, but are not limited to statements regarding our financial position; management's ability to increase business efficiencies necessary to build and maintain a sustainable cost structure; business strategy, budgets, operations, investments, financial results, our ability to retain a profitable Adjusted EBITDA run rate, plans and objectives around growth and profitability; industry trends; growth in our industry; our growth rates and growth strategies; the expectations regarding our revenue and the revenue generation potential of Our Platform and other products including the Spotify pilot; and our competitive position in our industry. Forward-looking statements and information are based on our opinions, estimates and assumptions that, while considered by the Company to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, the Company's ability to execute on its growth strategies; the impact of changing conditions and increasing competition in the global e-learning market in which the Company operates; the Company's ability to keep pace with technological and marketplace changes including, but not limited to fluctuations in currency exchange rates and volatility in financial markets; changes in attitudes, financial condition and demand of our target market; developments and changes in applicable laws and regulations; and such other factors discussed in greater detail under the "Risk Factors" section of our 2024 Annual Information Form (" AIF"). Forward-looking statements and information are necessarily based upon estimates and assumptions, which are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company's control and many of which, regarding future business decisions, are subject to change. Assumptions or factors underlying the Company's expectations regarding forward-looking statements or information contained in this press release include, among others: our ability to continue investing in infrastructure to support our growth and brand recognition; our ability to continue maintaining, innovating, improving and enhancing our technological infrastructure and functionality, performance, reliability, design, security and scalability of our Platform (as defined in our AIF); our ability to maintain existing relationships with customers (as defined in our AIF) and to continue to expand our customers' use of our platform; our ability to acquire new customers; our ability to maintain existing material relationships on similar terms with service providers, suppliers, partners and other third parties; our ability to build our market share and enter new markets and industry verticals; the continued development, rollout, integration and success of new products, features, and services; our ability to retain key personnel; our ability to maintain and expand geographic scope; our ability to execute on our expansion and growth plans; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in our industry or the global economy; and the changes in laws, rules, regulations, and global standards. The foregoing list of assumptions cannot be considered exhaustive. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information provided herein. The opinions, estimates or assumptions referred to above are described in greater detail in "Summary of Factors Affecting our Performance" and in the "Risk Factors" section of our AIF, which is available under our profile on SEDAR+ at should be considered carefully by prospective investors. Although we have attempted to identify important risk factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material, that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents our expectations as of the date specified herein, and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements. Readers are cautioned that any such forward-looking information should not be used for purposes other than for which it is disclosed. As at June 30 As at December 31 2025 2024 Assets Current assets Cash and cash equivalents $ 52,469 $ 49,492 Trade and other receivables 4,525 4,585 Prepaid expenses and other assets 2,188 3,288 Contract acquisition assets 678 640 Derivative asset 201 — Total current assets 60,061 58,005 Property and equipment 505 580 Lease right-of-use assets 1,567 1,738 Contract acquisition assets 999 909 Intangible assets 196 136 Total assets $ 63,328 $ 61,368 Liabilities and shareholders' equity Current liabilities Accounts payable and accrued liabilities $ 7,336 $ 7,598 Lease liabilities 336 368 Deferred revenue 11,137 9,869 Derivative liability — 538 Total current liabilities 18,809 18,373 Lease liabilities 1,328 1,401 Total liabilities 20,137 19,774 Shareholders' equity Share capital 108,834 109,460 Contributed surplus 8,656 7,945 Accumulated other comprehensive income (loss) 163 (576) Accumulated deficit (74,462) (75,235) Total shareholders' equity 43,191 41,594 Total liabilities and shareholders' equity $ 63,328 $ 61,368 THINKIFIC LABS INC. 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Condensed Interim Consolidated Statements of Cash Flows (unaudited) Amounts expressed in thousands of U.S. dollars Six months ended June 30 2025 2024 Operating activities Net income (loss) $ 773 $ (139) Items not affecting cash and cash equivalents: Depreciation and amortization 686 671 Stock-based compensation 2,019 2,060 Unrealized foreign exchange (gain) loss (498) 528 Finance income (1,313) (2,010) Interest received 389 2,369 Changes in non-cash working capital: Trade and other receivables 733 (972) Prepaid expenses and other assets 1,097 (775) Contract acquisition assets (487) (353) Accounts payable and accrued liabilities 786 828 Deferred revenue 1,268 1,052 Cash from operating activities $ 5,453 $ 3,259 Investing activities Proceeds on disposal of property and equipment — 77 Investment in property and equipment and intangible assets (142) (233) Cash used in investing activities $ (142) $ (156) Financing activities Operating lease payments (222) (220) Exercise of stock options 45 67 Tax remittances on stock based compensation (422) (1,942) Shares repurchased for cancellation and other equity-related costs, including tax remittances (2,098) (38,486) Cash used in financing activities $ (2,697) $ (40,581) Effect of exchange rate fluctuations on cash and cash equivalents held 363 (568) Increase (decrease) in cash and cash equivalents 2,977 (38,046) Cash and cash equivalents, beginning of period 49,492 86,611 Cash and cash equivalents, end of period $ 52,469 $ 48,565 Non-cash transactions Taxes accrued on share repurchases included in accounts payable and accrued liabilities $ 24 $ 762 THINKIFIC LABS INC. Reconciliation from IFRS to Non-IFRS Measures (unaudited) Amounts expressed in thousands of U.S. dollars Three months ended June 30 Six months ended June 30 (in thousands of U.S. dollars) 2025 2024 2025 2024 Net income (loss) $ 372 $ 930 $ 773 $ (139) Stock-based compensation 1,255 615 2,019 2,060 Depreciation and amortization 334 339 686 671 Foreign exchange (gain) loss (502) 96 (495) 532 Finance income (712) (1,106) (1,313) (2,010) Non-recurring equity transaction costs 302 — 302 — Adjusted EBITDA $ 1,049 $ 874 $ 1,972 $ 1,114 SOURCE Thinkific Labs Inc.
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