Car Charging Group is a company dedicated to a clean, sustainable environment and an economically strong, energy-independent America. Aided by U.S. government tax incentives and grants, CCGI strives to be at the forefront of the electric car revolution. CCGI believes that investing in infrastructure now will facilitate a seamless transition to electric cars.
CCGI Investor Highlights Include:
Announced that it has partnered with national parking company, LAZ Parking NY/NJ, LLC to provide charging stations for electric vehicles at LAZ Parking locations throughout the New York and New Jersey metropolitan areas.
According to an exhaustive study done by New York based tech research firm ABI Research, the electric 'gas station' market stands to generate revenues of $12 billion in the United States alone over the next five years. And of those companies now vying for that lucrative market, Car Charging Group appears positioned to grab the lion's share.
The company forecasts 500 operating locations by year-end 2010 and more than 1000 in place by the summer of 2011. By the end of 2011, Car Charging expects a full 4000 operating locations across the U.S. -- giving them the potential to install six million charging stations in total. Full profitability on an operating basis is expected by year-end, 2011.
2010 represents the watershed year for the electric vehicle industry, with over 40 distinct models appearing in showrooms across the country by year-end. Car Charging is set to grow at least as fast as the demand for new EVs.
Based on projections of 1000 recharging locations with a potential 2.5 million charge spots, each valued conservatively at $120 per spot, Car Charging's market capitalization should reach $300 million in the next 12 to 18 months.
Announced it has signed an agreement with Park, Bark and Fly to install and maintain electric vehicle chargers for its customers.
Announced it now provides Artech, the 232-residence luxury condominium, with electric car charging services in their 800-foot-long, 5-story parking garage.
Completed the installation of an electric vehicle (EV) charger for the occupants of The Delray Professional Center, a 43,000 square foot medical/professional building.
Dealers and distributors sell charging units which requires a capital outlay by the business / property owner for the units themselves as well as installation costs and municipal permitting fees. Once they are sold, the dealers and distributors have nothing more to do with them. CCGI does not sell its units. They provide, install, maintain and service the units at no cost to the business / property owner.
The Company's mission is to build-out a nationwide infrastructure, enabling EV and PHEV owners to charge their EVs anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle charging units and works with various landowner partners to identify appropriate locations for its charging stations. CCGI seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
An estimated 40 million plug-in electric vehicles are predicted to be on the road by the year 2030. This estimate includes models from auto industry leaders, such as the Nissan Leaf, the GM Chevy Volt, the Fisker Karma, and the Tesla Model S. Car Charging Group, Inc. and other companies in the EV industry such as ECOtality and Better Place, realize the need to establish charging networks throughout the transportation infrastructure to provide easy access to charging stations everywhere drivers live and work.
By investing at the forefront of the electric car revolution, Car Charging Group, Inc. seeks to become the leading provider of electric car charging services. The Company has launched its service in the South Florida market and is expanding its operations both nationally and internationally.
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