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CarCharging acquires 12,500 ECOtality EV charging points

By / 10 years ago / International News / No Comments

The $3.335m (£2.08m) acquisition includes a network of 12,560 public access charging stations across the United States, as well as the supporting operating system provided to drivers, businesses and utilities. ECOtality’s research and testing resource and electric industrial vehicle businesses are not included.

CarCharging chief executive officer, Michael D. Farkas, said: 'We are delighted to have completed the Blink transaction and to acquire assets that originally cost approximately $230 million for only $3.335 million. CarCharging has always been committed to supporting the electric car industry and by adding Blink and all of its assets to our network of EV charging stations, we can continue our efforts to further accelerate the adoption of EVs nationwide.'

ECOtality, which had been working towards a government-subsidied nationwide charging infrastructure named The EV Project, filed for bankruptcy in September following slow commercial sales, suspension of funding and difficulties with its public charging equipment. CarCharging now owns the assets for The EV Project, following the acquisition.

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Alex Grant

Trained on Cardiff University’s renowned Postgraduate Diploma in Motor Magazine Journalism, Alex is an award-winning motoring journalist with ten years’ experience across B2B and consumer titles. A life-long car enthusiast with a fascination for new technology and future drivetrains, he joined Fleet World in April 2011, contributing across the magazine and website portfolio and editing the EV Fleet World Website.

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