Axle Energy×Hyundai
UK V1G programme
Smart charging · United Kingdom

Hyundai flex model

Unit economics

Per vehicle, per year

Hyundai net revenue per vehicle
£191

£16 a month · 48% of gross flex revenue

Axle revenue share £89Driver reward £120Hyundai net revenue £191
Gross flex revenueV1G value per vehicle£400
Axle revenue share22.4% programme average£89
Driver reward£10/month × 12£120
Hyundai net revenue£191
Driver view

What the driver pays to charge at home

A IONIQ 5 driver charging 8,000 miles a year at home on E.ON Next Drive Fixed, keeping their own supplier.

Hyundai IONIQ 5IONIQ 584 kWh RWD · 354 mi WLTP0.257 kWh/mi WLTP2,056 kWh a year
Off-peak charging cost before reward£175
Hyundai reward−£120
£10/month × 12
Charging cost with reward£55
0.68p per mile with reward£5 a month
Programme · 16 quarters

4-year programme for Hyundai

Hyundai net revenue · 4 yrs£57.6m
Vehicles on platform · end yr 4195,500
Driver rewards paid · 4 yrs£36.8m
Platform fee · 4 yrs£883k

Hyundai net revenue by quarter

after revenue share, driver rewards and platform fee
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
Year 1Year 2Year 3Year 4
YearVehicles on platform
at year end
Gross revenue
(Hyundai share)
Driver
rewards
Platform
fee
Hyundai
net revenue
Year 115,500£2,376,000£960,000£220,800£1,195,200
Year 255,500£12,316,500£4,860,000£220,800£7,235,700
Year 3115,500£29,016,000£11,160,000£220,800£17,635,200
Year 4195,500£51,636,000£19,860,000£220,800£31,555,200
Total£95,344,500£36,840,000£883,200£57,621,300
Volume plan

New vehicles added per quarter

Enter the number of vehicles joining in each quarter. Programme totals update immediately.

Basis

Commercial terms & assumptions

Vehicles on platformHyundaiAxle
Under 10,00071%29%
10,000–49,99975%25%
50,000–199,99978%22%
200,000+81%19%

SaaS platform fee: £18,400 per country per month, billed quarterly in advance.

Driver rewards are set by Hyundai and funded from Hyundai's revenue share. Drivers keep their own energy supplier and tariff.

Free charging reward = free miles × WLTP consumption × compensation per kWh. Daytime charging sits outside this model.

Tariffs are headline unit rates, including VAT. Peak rates vary by region.