NaaS says net take rate reached 0.75% in February

NaaS Technology announced that the net take rate for its interconnectivity services reached 0.75% in February, following its first positive NTR in January. NTR measures the company’s return from transactions arising from its interconnectivity services after adjusting for incentives paid to end-users and provides useful insight into the company’s profit trajectory in this part of its business. Through operational excellence and tailored approach to promotions, NaaS has enhanced customer loyalty while fostering a positive network effect, supported by the expansion of its end-user pool and charging station ecosystem. In 2023, the company witnessed an 80% year-over-year growth in charging volume for its charging services. Since September 2023, this momentum has been accompanied by consistent monthly increases in the NTR, achieving a positive NTR of 0.75% in February.