Tritium and EVCS to Deploy Additional 300 New Electric Vehicle Fast Chargers in California, Oregon, and Washington
Tritium will provide 300 more 50kW variants of the Company’s award-winning RTM fast charger for EVCS’s network buildout.
[TORRANCE, Calif., July 28, 2022] — Tritium DCFC Limited (“Tritium” or the “Company”) (Nasdaq: DCFC), a global leader in direct current (“DC”) fast chargers for electric vehicles (“EVs”), is partnering with EVCS, one of the largest EV fast-charging network operators on the West Coast, to deploy 300 new chargers across California, Oregon, and Washington. The order consists of 300 50kW Tritium RTM fast chargers, making the total Tritium DC fast charger contribution to the EVCS network over 800. With more states expected to follow California’s legislation mandating 100 percent of new vehicles sold generate zero emissions by 2035, partnerships like this are critical to ensuring public fast charging can meet the increased demand driven by the expected mass consumer adoption of EVs in the coming years.
EVCS aims to enhance the accessibility of public fast charging both by simplifying complex pricing and increasing location coverage. With plans to reach 1,500 chargers by the end of 2023, EVCS’s carbon neutral network and unlimited subscription charging plan will provide an increasing number of public charging options and significant savings to EV drivers.
“EVCS is excited to expand its partnership with Tritium to install more than 300 Tritium DC fast chargers on the West Coast by mid-2023,” said Gustavo Occhiuzzo, CEO and founder of EVCS. “Tritium’s versatile catalog of fast charging stations has allowed EVCS to rapidly become one of the fastest-growing owner-operators of DC fast chargers on the West Coast, home to almost 50% of all EVs in the U.S.”
In November 2021, Tritium and EVCS announced an agreement to add over 500 DC fast chargers to EVCS’s network, many of which have already been installed as a part of the upgrade of the West Coast Electric Highway. Building on this initial investment, the new fast chargers will be installed in high-traffic areas, including retail locations and transit centers, underserved communities where access to chargers is limited, and near highways and tourist centers. The collaboration significantly contributes to EVCS’s network growth, with plans to extend service to more than 35 new cities across California, Oregon, and Washington as well as increase charger density in existing EVCS communities.
“EV charging infrastructure is growing at an unprecedented rate in the US, and it’s critical that this rollout provides drivers with equitable access to public fast charging,” said Tritium CEO Jane Hunter. “Through our work with EVCS, we’re proud to help democratize the EV charging experience to provide greater accessibility to all current and future EV drivers. We’re excited to be part of this technology revolution and to support the growth of our long-term customer and partner, EVCS.”
About Tritium: Founded in 2001, Tritium (NASDAQ: DCFC; DCFCW) designs and manufactures proprietary hardware and software to create advanced and reliable DC fast chargers for electric vehicles. Tritium’s compact and robust chargers are designed to look great on Main Street and thrive in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of our customers around the world. For more information, visit tritiumcharging.com.
About EVCS: EVCS was founded in 2018 and has quickly become one of the largest and fastest-growing electric vehicle charging networks on the West Coast. Powered by 100% renewable energy, EVCS is disrupting the mobility power industry through a turn-key approach that utilizes public and private funding sources to encourage the installation of fast-charging locations. EVCS has secured over $50M in government funding and engaged nearly 150 partner sites to build and grow its net zero carbon network. EVCS’ mission is to cut emissions while simultaneously improving air quality by enabling the rapid adoption of zero-emission electric vehicles. For more information, visit www.evcs.com.
Forward Looking Statements This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. The Company’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believe,” “predict,” “potential,” “continue,” “aim” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, the Company’s expectations, hopes, beliefs, intentions or strategies for the future. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. You should carefully consider the risks and uncertainties described in the documents filed by the Company from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company’s control and are difficult to predict. The Company cautions not to place undue reliance upon any forward-looking statements, including projections, which speak only as of the date made. The Company does not undertake or accept any obligation to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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LOS ANGELES – October 12, 2022 -- EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, has today announced the expansion of its innovative EV subscription charging plan, with new tiers designed to meet the fast charging needs of high mileage commuters and gig drivers. Now all EV drivers can benefit from EVCS’ simplified approach to public fast charging, which removes time of day surge pricing, location-based cost variations, and hidden fees allowing subscribers to predictably manage their monthly public EV charging budget.
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LOS ANGELES – July 6, 2022 — EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, today announced the completion of a $68.8 million funding raise, comprised of a $50 million debt facility from Spring Lane Capital, and a Series A equity investment of $18.8 million co-led by Abdo Partners, Spring Lane Capital and the Copulos Group, an Australian Private Global Investor. Jett Capital Advisors also provided investment banking advisory services in support of the equity capital raise. The capital raised will support EVCS’ rapid expansion into 35+ new cities across California and Washington as well as increase charger density in its existing communities. EVCS plans to more than double its network footprint to nearly 1,500 chargers by 2023.
EVCS, ODOT and Gov. Kate Brown Celebrate The Completion of First Phase Upgrades to West Coast Electric Highway
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