EVCS Raises $68.8 Million to Accelerate Expansion of West Coast EV Fast Charging Network
LOS ANGELES – July 6, 2022 — EVCS, one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, today announced the completion of a $68.8 million funding raise, comprised of a $50 million debt facility from Spring Lane Capital, and a Series A equity investment of $18.8 million co-led by Abdo Partners, Spring Lane Capital and the Copulos Group, an Australian Private Global Investor. Jett Capital Advisors also provided investment banking advisory services in support of the equity capital raise. The capital raised will support EVCS’ rapid expansion into 35+ new cities across California and Washington as well as increase charger density in its existing communities. EVCS plans to more than double its network footprint to nearly 1,500 chargers by 2023.
READ MOREEVCS, ODOT and Gov. Kate Brown Celebrate The Completion of First Phase Upgrades to West Coast Electric Highway
LOS ANGELES – May 24, 2022 -- EV Charging Solutions (EVCS), one of the largest electric vehicle (EV) fast-charging network operators on the West Coast, today celebrated the highly anticipated completion of first phase upgrades to Oregon’s portion of the West Coast Electric Highway (WCEH)....
READ MOREEVCS to Bring Free Electric Vehicle Charging to the West Coast Electric Highway
ARCADIA, Calif (September 28, 2021) – EVCS, one of the largest electric vehicle (EV) fast-charging network owner operators on the West Coast, today announced that starting in October 2021, EV owners can enjoy free charging at West Coast Electric Highway (WCEH) charging stations in Oregon and Washington until upgrades on the network are completed in late 2021/early 2022. This news comes on the heels of their recent announcement that EVCS was approved and funded by the Oregon Department of Transportation (ODOT) to upgrade 44 charging sites, add three new stations, and turn 11 into “superstations” in the Oregon portion of the WCEH.
READ MOREDot.LA: West Coast Electric Highway Project Charges Ahead as EVCS Adds Stations
Our latest advances with the West Coast Electric Highway, which we purchased in the summer of 2020, have been skillfully summarized in Zac Estrada’s recent piece for Dot.LA. The article elaborates on our partnership with Oregon’s DOT as we upgrade existing infrastructure to accommodate newer EVs with larger battery packs while simultaneously increasing charging speed. He also mentions new installations we’ve put in the ground along key interstate highway routes and our initiative to add charging ports for electric bikes and scooters. Ultimately, the WCEH will become a linchpin in the quest to facilitate wider EV adoption, not only on the West Coast, but throughout the country. Read Estrada’s entire article below.
READ MOREWest Coast Electric Highway to Receive Extensive Upgrade from EVCS
ARCADIA, Calif. (August XX, 2021) – EV Charging Solutions (EVCS), one of the largest electric vehicle (EV) fast charging network operators on the West Coast, today announced that they are approved and funded by the Oregon Department of Transportation (ODOT) to upgrade 44 and add three new electric vehicle charging stations on the Oregon portion of the original West Coast Electric Highway (WCEH). Eleven of the 47 stations will be called “superstations” and will include three DC fast chargers and one Level 2 AC charger. In all, more than 100 charging ports will be upgraded or added.
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