itselectric, a Brooklyn-based electric vehicle (EV) curbside charging company, has partnered with SWTCH Energy, a company pioneering EV charging solutions for multi-tenant buildings across North America. SWTCH will provide software to itselectric for managing, maintaining, and optimizing its charging network across the U.S.
SWTCH’s EV-charging management platform provides seamless insight and control of a charging network, including turnkey driver billing and charging fee remittance, 24/7 monitoring, and maintenance alerts.
By monitoring charger energy use in real-time and setting charging rates by energy or time used SWTCH will maximize charger earnings that will be passed to city property owners.
Real-time monitoring will also enable itselectric to ensure the reliability of its charging network at scale in support of EV adoption in cities.
“Dense urban areas require innovative, cost-efficient charging infrastructure solutions. Our open charging platform and energy management solution has been unlocking EV charging access in multifamily buildings for city residents and itselectric chargers offer a unique solution for the curb,” said Carter Li, CEO of SWTCH. “By partnering with building owners to maximize existing electrical capacities, and giving them a piece of the earnings, we’re solving the urban charger deployment problem.”
itselectric provides urban networks of Level 2 curbside charging posts at no cost to cities or to property owners, and is also the only curbside charging network that offers revenue sharing to property owners. Once a property is deemed eligible, itselectric installs and maintains a low-profile charger, and property owners earn passive income.
With this business model, itselectric helps cities meet their carbon reduction targets and reduce capital expenditure by completely avoiding the utility infrastructure upgrades normally needed to support on-street charging.
“The country needs 1.2 million more public EV chargers by 2030, particularly in dense urban neighborhoods. Today, the biggest barrier to deployment is the cost and complexity of connecting an EV charger directly to the utility’s main in the roadway,” said Tiya Gordon, COO and Co-Founder of itselectric. “Our charging network fully avoids this barrier, enabling affordable and scalable curbside charging infrastructure that benefits cities, drivers, and communities.”
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Filed Under: Software