Rivian secures $2.65 billion as it prepares to bring its EVs to market

More

Renault 5 will be reborn as an electric hatchback

More

Volkswagen triples sales of all-electric vehicles in 2020

More

Plug-ins accounted for every fourth new car in West Europe in December

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

CarCharging Announces Proposed Acquisition of 350Green

CarCharging Group, Inc., a provider of electric vehicle (EV) charging services, announced that it has entered into a term sheet to acquire 350Green LLC, an owner and operator of EV charging stations throughout the United States.

CarCharging’s proposed acquisition of 350Green would position CarCharging as the largest public EV service provider in the United States, with more than 1,000 EV charging service locations installed to date.

The acquisition would expand CarCharging’s contracts with major municipalities, including the City of Chicago, and further extend the company’s penetration into the West Coast market where EV adoption is expanding quickly. If acquisition of 350Green is consummated, CarCharging will have EV service contracts with nearly every major mall operator in the country.

The deal is subject to the negotiation of the final terms of the definitive agreement and regulatory approval, and is anticipated to close between thirty and seventy-five days after the definitive agreement is signed.

CarCharging and 350Green both have existing agreements with Walgreen’s, operating charging stations at stores across the country. 350Green has a partnership for EV charging services with Simon Property Group, Inc., the largest real estate investment trust in the United States, with interests in 339 commercial real estate properties in North America, Europe and Asia.

“Our acquisition of 350Green significantly extends CarCharging’s footprint in providing EV charging services and infrastructure to support increased consumer demand and growing sales of electric vehicles,” said Michael D. Farkas, CEO of CarCharging. “We look forward to providing our combined partners and clients, as well as EV drivers, with the highest level of service for their EV charging needs.”

“Adding 600 EV charging stations in 20 markets to CarCharging network will create the most robust infrastructure network in the nation,” said Mariana Gerzanych, CEO of 350Green. “This partnership will be highly advantageous to the EV charging industry and will contribute significantly to the overall growth of the market.”

Jul 18, 2012Blagojce Krivevski
Kandi Technologies Wins Largest Single Electric Car Order EverECOtality Installs Blink DC Fast Charger at VW Lab in California
You Might Also Like
 
EV Subsidies Reduce Used Values And Threaten Economic Viability For Future Owners
 
Envision Solar and ChargePoint to Offer Solar Powered EV Charging in US and Canada
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

July 18, 2012 Electric Car News350green, CarCharging, electric vehicle, EV Charging
Follow Us
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
Recent News
Rivian secures $2.65 billion as it prepares to bring its EVs to market
January 19, 2021
Volta Announces $125 Million Financing
January 19, 2021
Video: From stone wheels to EV, bringing progress to life in a new Volkswagen ID.4 ad
January 19, 2021
Thermally modulated battery charges rapidly, reduces range anxiety
January 19, 2021
Preventing blackouts with intelligence: Audi e-tron is ready for grid-optimized charging
January 19, 2021
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
Rivian secures $2.65 billion as it prepares to bring its EVs to market
January 19, 2021
Volta Announces $125 Million Financing
January 19, 2021
Video: From stone wheels to EV, bringing progress to life in a new Volkswagen ID.4 ad
January 19, 2021
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • youtube
  • instagram
  • feedburner
DMCA.com
2021 © ElectricCarsReport.com | All Rights Reserved.