ECOtality Partners with car2go to Launch First All-Electric Car-Sharing Program in North America
ECOtality,
Inc. (NASDAQ:ECTY),
a leader in clean electric transportation and storage technologies,
announced today a partnership with car2go N.A. LLC, a subsidiary of
Daimler North America Corporation, to provide electric vehicle charging
infrastructure to support the first 100-percent electric car sharing
program in North America. With plans for approximately 300 smart fortwo
electric drive vehicles, the program in San Diego represents the largest
fleet of EVs in the United States.
A car2go user at the Blink charging stations at the Balboa Park Automotive Museum in San Diego, Ca. (Source: car2go).
“Innovative car-sharing programs like car2go’s service are pivotal to
encouraging the mainstream adoption of electric vehicles,” said Jonathan
Read, CEO of ECOtality. “As we deploy approximately 1,000 Blink charging
stations in the San Diego region as part of The EV Project, we are
creating the robust public infrastructure necessary for car2go’s program
to succeed. Together, we will show that EVs are a perfect fit for the
lifestyle of San Diego drivers.”
car2go’s all-electric program will begin in San Diego in late 2011. The
company provides a total of more than 40,000 members with more than
1,000 low-emission smart fortwo vehicles in four cities.
“The launch of an all electric vehicle fleet marks a new era in
carsharing in North America,” said Nicholas Cole, President and CEO of
car2go N. A. LLC. “San Diego is a forward-thinking city determined to
meet future transportation demands of its residents. Our goal is to
complement the existing transportation infrastructure by providing an
emission-free carsharing service for short and spontaneous one-way
trips.”
ECOtality is currently installing approximately 1,000 publicly available
Blink charging stations throughout the San Diego region as part of The
EV Project. Data collected by the charging stations will be analyzed to
better understand how EV drivers charge their car, and help to guide
future rollouts of commercial charging stations.
ECOtality is the project manager of The EV Project and will oversee the
installation of approximately 14,000 commercial and residential charging
stations in 18 major cities and metropolitan areas in six states and the
District of Columbia. The project will provide an EV infrastructure to
support the deployment of 8,300 EVs. The project is a public-private
partnership, funded in part by the U.S. Department of Energy through a
federal stimulus grant and made possible by the American Recovery and
Reinvestment Act (ARRA). For more information about The EV Project,
please visit www.theevproject.com.
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY),
headquartered in San Francisco, California, is a leader in clean
electric transportation and storage technologies. Through innovation,
acquisitions, and strategic partnerships, ECOtality accelerates the
market applicability of advanced electric technologies to replace
carbon-based fuels. For more information about ECOtality, Inc., please
visit www.ecotality.com.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. All forward-looking
statements are inherently uncertain as they are based on current
expectations and assumptions concerning future events or future
performance of the company. Readers are cautioned not to place undue
reliance on these forward-looking statements, which are only predictions
and speak only as of the date hereof. In evaluating such statements,
prospective investors should review carefully various risks and
uncertainties identified in this release and matters set in the
company’s SEC filings. These risks and uncertainties could cause the
Company’s actual results to differ materially from those indicated in
the forward-looking statements.
