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Car Charging Group partners With Central Parking and subsidiary for a US rollout of EV charging in parking garages
17 September 2011
Car Charging Group Inc., a provider of electric vehicle (EV) charging services, announced a partnership with Central Parking System Inc. and its subsidiary, USA Parking System Inc., the US’ largest parking garage operator, to provide EV charging services at locations nationwide via Coulomb Technologies’ ChargePoint Network.
Car Charging Group plans to install EV charging stations at sites owned by the two parking garage operators. The operators have 2,200 locations nationwide with 1.1 million parking spaces.
As part of the agreement, Central Parking has the right to purchase 5% of the Common Stock of Car Charging Group.
Car Charging Group provides EV charging stations at no charge to property owners/managers while retaining ownership, thus allowing their partners to offer their customers, tenants and employees charging services without incurring any outlay of capital. In addition, Car Charging Group’s partners realize a percentage of the charging revenue generated by the charging services paid for by the EV owners.
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