By Michael Elkins
InductEV and ChargePoint Holdings Inc (NYSE:CHPT) announced Wednesday that they have entered into a strategic partnership to expand the availability of high-powered wireless EV charging solutions across the United States.
The partnership will focus on developing high-speed wireless charging infrastructure on a large scale, with the economic and operational needs of fleets in mind. By combining InductEV's expertise in wireless charging solutions with ChargePoint's extensive network of charging stations and advanced fleet charging software, the partnership aims to provide more convenient and reliable charging options for EV drivers in fleet and commercial applications.
"We are excited to partner with ChargePoint to expand the availability of our high-powered wireless EV charging solutions," said Brandon Anulewicz, Chief Revenue Officer of InductEV. "This partnership will allow us to reach a wider audience and help more organizations power their fleets with our efficient and reliable wireless technology."
“Electric fleets will continue to adopt charging technology that delivers the lower total cost of ownership (TCO) benefit of moving to electric vehicles,” said Rich Mohr, vice president, fleet, at ChargePoint. “Together, InductEV and ChargePoint will provide integrated software and hardware solutions for fleets looking to maximize their TCO advantage.”
Shares of CHPT are down 5.79% in mid-day trading on Wednesday.