QualityStocks would like to highlight Car Charging Group, Inc. (OTCBB:CCGI), the pioneer for nationwide public EV charging services, enabling drivers to refuel anytime, anywhere throughout North America and ultimately in many high growth global markets. CCGI provides a comprehensive turn-key electric vehicle charging service to commercial and residential property owners, employing the most advanced technology, both software and hardware, to build a robust, feature-rich network attracting businesses and consumers alike. The CCGI business model is unique and accelerates the adoption of public EV charging services; all installation, maintenance, and related services are paid for by CCGI, reducing the capital costs for a property owner to zero.
In the company’s news yesterday,
Car Charging Group announced it has entered into an agreement with Kettler Inc., a leading multifamily housing developer, in which CCGI will provide EV charging services at various Kettler properties on the east coast.
CCGI will install its Level II EV charging stations in select Kettler housing properties, providing 240 volts with 32 amps of power to quickly refuel an EV’s battery. CCGI’s EV charging stations utilize the industry-wide standard connector adopted by nearly all automobile manufacturers.
The agreement positions CCGI and Kettler as property partners; as such, the two companies plan to share the proceeds generated by the charging services at those properties.
“Kettler manages nearly 20,000 apartments in 82 locations from New York to the Carolinas, which makes this partnership an excellent fit for both our companies,” Michael D. Farkas, CEO of CCGI stated in the press release. “More and more EV drivers like the convenience of charging at home and we are working with Kettler to provide this important amenity to their residents. This partnership will further highlight and expand our convenient EV charging services and network.”
Participating EV driver registers will first create a CCGI account, at which time they will receive a small RFID card that attaches to their keychain. This card simplifies the usage and payment of every intelligent CCGI charging station. If an EV driver does not own an RFID card, CCGI stations also allow for direct payment via credit card.
As the auto industry expands the make and model of available EVs, CCGI and Kettler also plan on providing more services to customers. Future plans for the charging stations include the ability for drivers to reserve a time slot, guaranteeing them access to the station to recharge their car.
“We are committed to supporting the ever changing needs of our customers, and more and more are now driving EVs,” said Laurel Howell, senior vice president of marketing at Kettler. “Providing our residents and other travelers with a green fueling option is an important step in our sustainability and addition to the other green practices we implement in our properties.”
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