FreeWire Technologies, a provider of battery-integrated electric vehicle (EV) charging stations and energy management solutions, has released the Accelerate Program, allowing businesses to offer and collect payments from ultrafast EV charging amenities at their site while FreeWire owns and operates the equipment.
The company now offers a range of flexible deployment options for customers seeking to host ultrafast charging, from complete ownership to participation in the Accelerate Program.
By the year 2030, projections suggest that the US will experience a surge in EV adoption with over 26 million EVs on American roads. This growth will require a substantial expansion of public fast-charging infrastructure.
The Accelerate Program will increase EV charging infrastructure deployment by offering a zero-risk option for charging hosts. FreeWire will fully manage the upfront installation, site design, and permitting process, along with ongoing maintenance and electricity costs. Participating businesses will receive a revenue share from charging sessions and are protected by a guaranteed minimum payment leasing parking spots, turning lot space into a revenue stream and customer amenity.
FreeWire’s previous deployment model allowed businesses to purchase the charger and retain charging revenue. While FreeWire’s solution is typically faster and less costly to deploy than traditional solutions, the addition of the Accelerate Program gives businesses the chance to deploy fast charging with zero financial burden and the option to purchase the chargers in later years.
“The Accelerate Program demonstrates our conviction in the improving the economics of EV charging,” said Arcady Sosinov, FreeWire founder and CCO. “We are investing our capital to promote our customers’ businesses enabling them to market an EV offering under their brand with zero upfront costs. At FreeWire, we envision a future where EV adoption is uninhibited by available charging infrastructure and the Accelerate Program is a crucial step towards making that vision a reality.”
The Accelerate Program is flexible in branding, providing the host business with control over the charger’s image. Custom charger branding gives businesses a chance to amplify their own brand and stand out in a competitive retail landscape. FreeWire’s Boost Charger features a 24-inch screen allowing for creative promotions and direct customer engagement at the point of charge. The Accelerate Program also allows businesses to tap into valuable data on charger usage and customer behavior. These insights can inform business strategies, tailor marketing efforts, and enhance the overall customer experience.
Chevron is among the first to participate in FreeWire’s Accelerate Program. This program allows the flexibility to fully own the charging station after five years, which offers the potential for greater control and profitability as the adoption of electric vehicles continues to rise.
Prospective customers can contact FreeWire to assess their site using FreeWire’s advanced AI site assessment tools here.
Filed Under: Charging, Technology News