We believe that the entry barriers are not low, considering that we have captured over 80% of the domestic market share in terms of installation numbers.

For users to rent mobile batteries, there must be a sense of assurance that they can easily return them. A large number of installations directly translates to user convenience, and it also creates an incentive for locations to host our service because ‘they want to install a service that encourages users to visit more frequently.’

Given these points, there are many cases where providers conduct competitive assessments and ultimately choose ChargeSPOT.

Moreover, if a large company with an existing store network enters the market, it may be difficult for them to install our service extensively, as their existing business might conflict with the new one, thereby limiting installation growth.

If our service could only be used in a specific chain, it would raise the usage barriers for users.

ChargeSPOT is installed across major convenience stores and mobile carriers, ‘crossing over’ competitive boundaries, which we attribute to our neutral stance in facilitating these installations.