LAZ and indiGOtech form joint venture to bring sustainable EV charging to more apartments and condos
Partnership brings LAZ’s charging network to 25,000 ports across North America and lays the groundwork for a broader relationship around sustainable local transportation.
The partnership brings together significant physical infrastructure and proven EV charging technology. LAZ operates approximately 2.1 million parking spaces across 5,700 locations in 639 cities, providing a substantial presence the United States and Canada. EverCharge brings more than a decade of EV charging experience, with patented charging technologies and operates more than 10,000 installed charging ports across 1,000-plus multi-unit residential sites serving more than 50,000 registered drivers.
Multifamily EV Charging, which is now available across LAZ’s nationwide footprint, will initially focus on solving the fundamental problem for residents in apartments and condos, also known as multi-unit dwellings (MUD). Unlike single-family homeowners who can often install dedicated chargers, residents of multi-unit properties depend on shared electrical and parking infrastructure, where electrical capacity, installation complexity and utility upgrade costs can make large-scale charging difficult.
EverCharge’s patented SmartPower™ dynamic load-management technology addresses this challenge by intelligently allocating available electrical capacity across multiple charging vehicles, allowing up to 5X more ports to be used with the same source power. This enables property owners to expand charging capacity within existing grid constraints and reduce expensive infrastructure upgrades while satisfying many more tenants. EverCharge’s EVO3 Level 2 chargers are best-in-class for reliability with industry leading 55 Degree Celsius temperature rating that no other competitor has to date. Combined with LAZ’s parking-management capabilities and relationships with property owners and operators, Multifamily EV Charging is designed to provide a scalable, turnkey solution for residents’ EV charging and to help more people make the switch to electric.
Multifamily is the starting point. The strategic relationship also creates opportunities beyond the initial MUD market. GO is developing an integrated sustainable local transportation ecosystem built around three interconnected layers: energy, vehicles and intelligent orchestration. GO’s EverCharge provides the intelligent energy infrastructure, GO’s patented SmartWheels™ enable roomier and smoother electric and autonomous vehicles, and GO Loop operates intelligent transport with vehicles, charging infrastructure, to bridge drivers, riders and transportation demand for communities.
“LAZ has always been about more than parking. We connect people with the places they’re going, and the future is charging right where people park,” said Alan Lazowski, Chairman and CEO of LAZ. “Our joint venture with GO brings our charging network to 25,000 ports across North America, and we’re just getting started. Our broader relationship with GO also gives us a chance to explore how the places we run can grow alongside electric and autonomous vehicles.”
“Multi-unit dwelling (MUD) charging represents one of the largest infrastructure opportunities in the transition to electric transportation,” said John Lin, CEO of EverCharge. “We’re the leader in deploying intelligent charging for this market, and we’re excited to work with LAZ to bring our platform to substantially more properties and drivers.”
“We’re rethinking the infrastructure that powers local transportation,” said Will Graylin, Chairman of GO. “Our vision for this relationship with LAZ is to show how real estate, energy, vehicles and intelligent orchestration can converge to create a more sustainable and efficient transport ecosystem for urban communities.”
As transportation becomes increasingly electric, connected and software-managed, GO and LAZ are starting with the needs of MUD customers and will also explore the right charging and battery swap infrastructure for commercial fleets, ride-hail, and delivery services.
About LAZ
LAZ is the largest privately owned technology-enabled parking and transportation company in North America, connecting people, partners and communities to what’s possible. Founded in Hartford, Connecticut, in 1981, LAZ manages the places where people, vehicles and goods come together, across commercial, residential, institutional and municipal properties. It’s more than 23,000 team members operate approximately 2.1 million parking spaces across 5,700 locations in 44 states, eight provinces and 639 cities in the United States and Canada, supported by pioneering digital technology that helps every space work harder for the owners who trust LAZ.
About indiGOtech
indiGOtech (GO for short), builds and operates a unified mobility ecosystem for sustainable local transportation connecting energy, vehicles and intelligent orchestration. The GO ecosystem includes patented SmartPower™ charging infrastructure, patented SmartWheels™ vehicle technology, purpose-built electric and autonomous vehicles and GO Loop mobility and fleet-management solutions. GO’s vision is to unify every aspect of electric and autonomous urban mobility, to significantly improve the economics, efficiency and sustainability of local ride-hail, delivery and urban transportation.
About EverCharge
EverCharge is a nationwide provider of intelligent EV charging hardware, software and energy-management solutions and a leader in multi-unit dwelling and fleet charging infrastructure. Founded in 2013, EverCharge’s patented SmartPower™ technology dynamically manages available electrical capacity, enabling multi-family and commercial properties to deploy greater EV charging capacity within existing electrical constraints. EverCharge operates more than 1,000 MUD sites with 10,000+ installed charging ports serving more than 50,000 registered drivers. EverCharge is a wholly owned subsidiary of indiGOtech (GO).
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indiGO Media Contact:
Gary Fowler
gary.fowler@indiGOtech.com
+1 (650) 440-8969
LAZ Media Contact:
Kim Spagnulo
Senior Director, Marketing & Communications
kspagnulo@lazparking.com
+1 (860) 817-6084
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