The Amperage Group has launched Amperage Capital to enable EV charging in apartment communities. Forty-four million Americans live in apartments; the need for convenient electric vehicle (EV) charging solutions for these drivers is crucial for mass EV adoption. Amperage Capital will pay for construction costs to get power to parking spaces and the costs of charging equipment for assigned EV Charging in apartment communities.
Shared charging already requires a significant investment from the owners and operators of apartment communities, with no line of sight to a possible return for them in the near term. Assigned charging requires 10x the investment and there is no cost justification for the owners and operators of these apartment communities to take that on. Such projects require long term infrastructure capital.
Amperage Capital provides apartment owners and operators with 100% of this long term capital for construction costs, as well as a white glove service by taking responsibility for the management, design, construction, permits and implementation of the entire process.