Charge Enterprises to provide EV charging solutions to 1,000 retail dealerships by the end of 2025.
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Charge Enterprises to provide EV charging solutions to 1,000 retail dealerships by the end of 2025.

Charge Enterprises believes the initial installation projects at these 1,000 locations would represent approximately $365M in potential revenue

Charge Enterprises, Inc., provided an update on its progress towards the previously publicly announced target of working with 1,000 retail dealership locations to provide EV charging infrastructure solutions by the end of 2025. Based on current backlog, pipeline data, and current industry pricing, the Company believes the initial installation projects at these 1,000 locations would represent approximately $365M in potential revenue upon completion of all phases of the projects.

Our momentum within our EV infrastructure division, Charge Infrastructure (“CI”), has been astounding, and today’s announcement illustrates our confidence in achieving our milestone of 1,000 retail dealerships by the end of 2025,” said Andrew Fox, CEO of Charge. “With extensive automotive leadership experience and our dedicated client centric approach, we continue to gain recognition and build trust throughout our client portfolio as we provide nationwide infrastructure solutions to enable the growth of EV adoption,” added Fox.

“While our initial strategy is heavily focused on the automotive industry with retail dealerships and fleet as first movers, this is a catalyst to drive growth in the entire addressable market to solutionize bespoke seamless EV charging infrastructure implementation,” said Mark LaNeve, President of Charge. “When we started CI, we made sure to focus our strategy around retail dealerships, as we believe their role is essential to the nationwide transition to EVs. This has proven a successful foundation to drive organic growth and organic referrals into commercial, multifamily housing, mixed use and office real estate use cases that CI is also developing as we look to expand our service offerings to a variety of industries,” concluded LaNeve.

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  1. Pingback: Canada Infrastructure Bank and FLO to install over 2,000 public fast charging ports across Canada - Electrikez

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