Clever A/S

Denmark · owned by Andel A.M.B.A. (Denmark) · clever.dk · 57 vendors

Clever is Denmark's largest electric vehicle charging network operator, providing charging solutions for private customers, businesses, and housing associations. The company offers home charging boxes, public charging stations, and electricity services, operating over 59,548 charging points across Denmark with 1,632 fast and ultra-fast chargers.

Resilience scores

Technology vendors

Services catalogue

3 services in catalogue across 2 categories; runs on 57 sub-vendors.

Insights

Last updated 2026-09-15 · revision 22

57 direct vendors, 408 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 6/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Clever A/S exhibits medium migration readiness. The company's modern tech stack, including Microsoft Azure for cloud infrastructure and contemporary development languages like React, TypeScript, and C#/.NET, provides a strong foundation for potential migration efforts. This suggests a cloud-ready or partially cloud-native environment. Additionally, strong financial growth indicates the company's ability to fund significant migration projects. However, several factors present challenges. The regulatory environment is complex, with multiple 'Assessment Required' or 'Partially Compliant' statuses for critical regulations such as NIS2, GDPR, AFIR, SOC 2, and ISO 27001. Addressing these compliance gaps would be a prerequisite or significant component of any major migration, adding complexity, cost, and time. Data residency requirements, driven by GDPR for EU residents' data, necessitate careful planning for data transfers and storage, although these are manageable with approved mechanisms. The 'Vendor Lock-in Risk' is explicitly stated as 'Unknown', which is a significant concern as unassessed dependencies can derail migration projects. While the 'Total Vendors: 0' data point is contradictory, the reliance on specific platforms like Microsoft Dynamics 365 CRM and Microsoft Azure suggests a degree of platform lock-in that would need to be carefully managed during any migration away from or within these ecosystems. The lack of specific vendor count and detailed contract information makes it difficult to fully assess the extent of vendor lock-in. These regulatory and vendor-related complexities temper the benefits of the modern tech stack and financial stability, placing migration readiness in the medium range.

Compliance

10 in-scope frameworks identified; showing 3.

EPBD — Compliant

The Energy Performance of Buildings Directive, transposed into Danish law ('Bygningsreglementet'), mandates the installation of EV charging infrastructure in new and renovated buildings. Clever A/S is a key provider of these solutions.

The direct legal obligation falls on building owners, not Clever A/S. However, being a key partner for compliance provides a business opportunity and reputational benefit.

Evidence: https://gorrissenfederspiel.com/en/amendment-to-ensure-ev-charging-rights/

Act on the Promotion of Renewable Energy — Compliant

This act aims to promote the use of renewable energy in Denmark. While not imposing direct obligations on all companies, it creates a framework that strongly encourages and supports the use of green energy, which is central to Clever A/S's business model.

While not a direct compliance risk in terms of penalties, failing to align with the goals of this act could lead to reputational damage and missed opportunities for green energy incentives and partnerships.

Evidence: https://stateofgreen.com/en/solution-providers/clever/, https://iclg.com/practice-areas/renewable-energy-laws-and-regulations/denmark/, https://leap.unep.org/en/countries/dk/national-legislation/act-promotion-renewable-energy-no-1392-2008-0

Danish Consumer Contracts Act — Partially Compliant

Clever A/S enters into contracts with consumers for its subscription services and provides services at its public charging stations, making it subject to the Danish Consumer Contracts Act ('Forbrugeraftaleloven') and general consumer protection laws.

Non-compliance can lead to fines, legal disputes with consumers, and reputational damage. The Danish Competition and Consumer Authority is actively investigating the EV charging market, indicating heightened scrutiny.

Evidence: https://www.lobbyfacts.eu/datacard/clever-a-s?rid=195744929930-90&sid=110681, https://www.highperformr.ai/company/cleverdk, https://apps.apple.com/de/app/clever-a-s/id1359124777?l=en-GB, https://eujobs.co/lobbying-entities/clever-as, https://www.reddit.com/r/electricvehicles/comments/qn7070/denmark_all_public_fast_chargers_above_50kw_to/

Financials

Three-year financials

Financial Resilience Score: 5/10

Clever A/S presents a mixed resilience profile. On a standalone basis, the company is financially fragile: it recorded a net loss of DKK -198M in FY2025 on top of DKK -151M in 2024 and DKK -74.8M in 2023, with cumulative losses exceeding DKK 800M over four years. Equity swung from a positive DKK 391M in 2023 to negative DKK -27.9M at year-end 2025, meaning the company is technically balance-sheet insolvent with a solvency ratio of -1%. Operating losses widened despite revenue nearly tripling from DKK 911M to DKK 2,560M over two years, indicating that infrastructure capex and customer-acquisition costs are outpacing gross-margin gains. However, resilience is materially reinforced by strong parent backing. Clever is 94.9% owned by Andel Holding A/S, Denmark's largest consumer-owned energy and fibre-network cooperative, which has underwritten DKK 3.1B of charging infrastructure investment alongside Clever over the past decade. The upcoming merger of Andel Energi, Clever and Watts into Denmark's largest energy company should unlock synergies and further insulate Clever from standalone funding risk. Liquidity remains adequate (liquidity ratio 192%), and market leadership in Denmark provides a defensible position. Overall, the entity is dependent on continued parent support but that support appears strategically committed.

Key strengths: 94.9% ownership by Andel Holding, Denmark's largest consumer-owned utility cooperative, Market leadership as Denmark's largest EV charging operator, Revenue nearly tripled over two years (DKK 911M to DKK 2,560M), DKK 3.1B cumulative infrastructure investment with parent over 10 years, Liquidity ratio of 192% indicates adequate short-term liquidity, PwC-audited with standard governance, Strategic merger with Andel Energi and Watts to create Denmark's largest energy company

Risk factors: Negative equity of DKK -27.9M at year-end 2025 (technically balance-sheet insolvent), Persistent operating losses: EBIT of DKK -181M in 2025 widened from DKK -132M in 2024, Cumulative net losses exceeding DKK 800M over four years, Solvency ratio of -1%, Dependence on continued parent funding, Consolidation and competitive pressure in Nordic CPO market, Retreat from Scandinavian expansion (Sweden/Norway JV divested), Growth investments outpacing gross-margin gains

Revenue by geography

Workforce by country

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