EV Connect has launched what they call the first-ever “EV Charging-as-a-Service” or “EV CaaS,” to reduce up-front costs and simplify the process for purchasing and installing EV charging station infrastructure by turning the purchase decision from a capital expenditure to an operating expense. The new program was developed in collaboration with GE and SparkFund.
Each EV charge station comes with GE’s WattStation and DuraStation as well as EV Connect’s base management software and service. Starting at $99 per month per charge station, the EV CaaS, says EV Connect, offers businesses and government entities a full-service resource to assist with financing, deployment and management.
“The single biggest hesitation facility owners have when considering EV charging station installation is up-front cost,” said Jordan Ramer, EV Connect President. “The EV CaaS program, in collaboration with SparkFund and GE, offers a pay-as-you-go alternative to capital purchases and greatly simplifies the decision-making process.”
EV Connect says they are the first provider to offer this type of program. In addition to overseeing procurement, permitting and installation, they manage all aspects of the charging station including service, driver support, station management and usage.
“Welcome to a new world of financing for EV charging infrastructure,” added Pier LaFarge, SparkFund Co-founder and CEO. “EV CaaS puts EV charging within reach of any facility by shifting financing from an upfront capital expenditure to a pay-over-time operating expense.”