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Car Charging Group, Inc. (CCGI) is “One to Watch”

|Includes: Car Charging Group, Inc. (CCGI)

Car Charging Group, Inc. is focused on advancing a clean, sustainable environment and an economically strong, energy-independent America. Headquartered in Miami, Florida, the company is one of the nation’s fastest growing providers of EV charging services. Car Charging Group aims to establish a nationwide infrastructure, enabling EV and Plug-in Hybrid Electric Vehicle (PHEV) owners to charge their EVs anytime, anywhere in North America, and ultimately Europe and Asia.

By utilizing a unique and highly attractive business model, Car Charging Group is able to provide and install charging stations at no cost to the business/property owner. By adding these stations, hosts are able to provide customers or constituents with the service of convenient car charging while simultaneously benefiting monetarily from a percentage of the revenue from the station. Offering car charging services has also been shown to help businesses grow market share by attracting new customers.

Car Charging Group currently has contractual, long-term relationships with 10 property owners that own more than 6.4 million parking spaces, and continues to secure contracts at key parking locations within highly populated urban areas. The company’s ChargePoint Network meets the needs of drivers, municipalities, electric utilities and government entities by providing a secure, safe, reliable way to charge their electric vehicles anywhere they park.

Over one million plug-in electric vehicles, such as the Nissan LEAF, Chevrolet Volt, Tesla Model S, Ford Focus EV as well as many others, are expected to be on the road in the U.S. by 2015 with estimates calling for more than 40 million electric vehicles worldwide in 2030. All of these cars have one thing in common: they have to be recharged regularly. Knowing that 40% of U.S. residences don’t even have a carport, much less a garage, and that electric vehicles have a very limited range, it is easy to see the tremendous growth potential of the rapidly expanding public car charging market.

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