- Charge and Autel sign agreement to offer seamless turnkey solutions for EV charging infrastructure
- Charge will offer end-to-end infrastructure solutions for Autel charging equipment
- Charge and Autel will offer "Charging as a Service" (CaaS) as a custom solution for clients in all industry segments
NEW YORK, NY / ACCESSWIRE / March 13, 2023 / Charge Enterprises, Inc. (NASDAQ:CRGE) ("Charge" or the "Company"), today announced that its portfolio company, Charge Infrastructure, and Autel Energy (Autel), a leading developer of residential and commercial electric vehicle supply equipment (EVSE), signed an agreement to provide seamless turnkey solutions for automotive original equipment manufacturers (OEM), retail, commercial and fleet electric vehicle (EV) charging infrastructure solutions. Charge will provide the infrastructure services with a white glove, seamless approach to facilitate and guide Autel's clients through implementation and execution of electrification.
"As Charge continues to provide seamless EV charging infrastructure strategy, planning and engineering solutions, this agreement demonstrates Charge's commitment to service the auto industry as it charges forward on the front lines of enabling the transition of vehicles from Internal Combustion Engines (ICE) to Battery Electric Vehicles (BEV) supporting the global initiative towards a zero-carbon footprint and driving sustainability efforts," said Mark LaNeve, President of Charge.
"Autel's expertise in energy, diagnostic technology, and the automotive industry provides a value with an EVSE product portfolio that enables the client to position for flexible and scalable solutions in a cost-effective manner; therefore, facilitating a collaborative approach with our teams to support the delivery for ‘best-in-class' services to the client. Together, Charge and Autel will develop and provide custom solutions for software, maintenance, and monitoring, including "Charging as a Service" (CaaS) for commercial clients and fleets. Our mission is to be the trusted advisor for the auto industry and their customers," LaNeve concluded.
Autel will provide technical expertise in EVSE and Charge will offer a comprehensive value proposition for a seamless, turnkey charging infrastructure solution that is bespoke and thorough, from the EVSE specifications integrated into the design to engineering, permitting, utility coordination, installation, after sales service and custom software solutions. Charge and Autel will work together to help the auto industry and others manage the transition to EVs.
"We believe Autel is disrupting the charging market by having a full line of high-quality automotive grade charging solutions for every market segment, including home charging, commercial vehicles, and DC fast chargers," said John Thomas, COO of Autel, Americas. "Autel can power vehicles of various sizes. With over eighteen years of experience manufacturing vehicle diagnostic equipment, the 500,000 locations and 70 countries that we service are a testament to our quality and dedication to the automotive industry. This alliance with Charge and their 150 years of OEM leadership expertise provides tremendous value to the automotive retailer network, OEMs, and fleets. Moreover, our combined expertise with Autel's product portfolio enables the alliance to deliver custom, seamless solutions for EV charging infrastructure across all industry segments."
"Over the past two decades, Autel - a name born by combining ‘Automotive' and ‘Intelligence' - has revolutionized the automotive service and repair business, and now we're doing it with EV charging technologies and a premier trusted services provider with Charge Infrastructure," Thomas added.
About Autel Energy
Autel Energy's vision is to create a seamless customer experience that enables the deployment of technology and smart infrastructure that accelerates the adoption of electric vehicles and energy management solutions worldwide. Autel Energy makes the most advanced products accessible and convenient for residential and commercial users offering hardware, software, apps, and cloud-based solutions to cover almost every use case and application. This includes world-class charging hardware for AC (Level 2) home and commercial, DC Bi-directional V2X power management, and DC (Level 3) fast charging from 40kW to 480kW with innovative configurability and modularity.
For more information about Autel visit https://autelenergy.us/
About Charge Enterprises, Inc.
Charge Enterprises, Inc. is an electrical, broadband and EV charging infrastructure company that provides clients with end-to-end project management services. We operate in two segments: Infrastructure, which has a primary focus on EV charging, broadband and wireless, and electrical contracting services; and Telecommunications, which provides connection of voice calls and data to global carriers. Our vision is to be a leader in enabling the next wave of transportation and connectivity. By building, designing, and operating seamless infrastructure for electric vehicles, we aim to create a future where transportation is clean, efficient, and connected and to empower individuals, communities, and businesses to thrive in a more sustainable world. Our plan is to cultivate repeat customers and recurring revenue by deploying a multi-phased strategy, initially where investment in the EV charging revolution is taking place, the nation's approximately 18,000 franchised auto dealers.
To learn more about Charge, visit Charge Enterprises, Inc.
Notice Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect current expectations or beliefs regarding future events or Charge's future performance. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates", "targets" or "believes", or variations of, or the negatives of, such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. All forward-looking statements, including those herein, are qualified by this cautionary statement. Although Charge believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements involve risks and uncertainties, and actual results may differ materially from any future results expressed or implied by such forward-looking statements. Such risks and uncertainties include the business plans and strategies of Charge, Charge's future business development, market acceptance of electric vehicles, Charge's ability to generate profits and positive cash flow, changes in government regulations and government incentives, subsidies, or other favorable government policies, rising interest rates and the impact on investments by our customers, and other risks discussed in Charge's filings with the U.S. Securities and Exchange Commission ("SEC"). Readers are cautioned that the foregoing list of risks and uncertainties is not exhaustive of the factors that may affect forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release or as of the date or dates specified in such statements. For more information on us, investors are encouraged to review our public filings with the SEC, including the factors described in the section captioned "Risk Factors" of Charge's Annual Report on Form 10-K to be filed with the SEC on March 29, 2022, as well as subsequent reports we file from time to time with the SEC which are available on the SEC's website at www.sec.gov. Charge disclaims any intention or obligation to update or revise any forward- looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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Media Relations and Investor Contacts:
Charge Enterprises, Inc.
Christine Cannella (954) 298-6518
Carolyn Capaccio, CFA (212) 838-3777
Tom Rakoczy (631) 374-1988
SOURCE: Charge Enterprises Inc.
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