Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Car Charging Group, Inc. (CCGI) And Kettler Ink Agreement To Provide Electric Vehicle Charging Stations

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

Car Charging Group, a nationwide provider of electric vehicle (NYSE:EV) charging services, today announced it has entered into an agreement with Kettler Inc., a leading multifamily housing developer, in which CCGI will provide EV charging services at various Kettler properties on the east coast.

CCGI will install its Level II EV charging stations in select Kettler housing properties, providing 240 volts with 32 amps of power to quickly refuel an EV's battery. CCGI's EV charging stations utilize the industry-wide standard connector adopted by nearly all automobile manufacturers.

The agreement positions CCGI and Kettler as property partners; as such, the two companies plan to share the proceeds generated by the charging services at those properties.

"Kettler manages nearly 20,000 apartments in 82 locations from New York to the Carolinas, which makes this partnership an excellent fit for both our companies," Michael D. Farkas, CEO of CCGI stated in the press release. "More and more EV drivers like the convenience of charging at home and we are working with Kettler to provide this important amenity to their residents. This partnership will further highlight and expand our convenient EV charging services and network."

Participating EV driver registers will first create a CCGI account, at which time they will receive a small RFID card that attaches to their keychain. This card simplifies the usage and payment of every intelligent CCGI charging station. If an EV driver does not own an RFID card, CCGI stations also allow for direct payment via credit card.

As the auto industry expands the make and model of available EVs, CCGI and Kettler also plan on providing more services to customers. Future plans for the charging stations include the ability for drivers to reserve a time slot, guaranteeing them access to the station to recharge their car.

"We are committed to supporting the ever changing needs of our customers, and more and more are now driving EVs," said Laurel Howell, senior vice president of marketing at Kettler. "Providing our residents and other travelers with a green fueling option is an important step in our sustainability and addition to the other green practices we implement in our properties."

For more information visit or

Please see disclaimer on the MissionIR website