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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.
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Installation of the Month (June 2022): KPC Anaheim Global Medical Center
“For us, healthcare is not only about caring for our patients, but also about investing in the people who live in our communities.” These are the words emblazoned across the home page of the KPC Anaheim Global Medical Center’s website. Facilities like these are attractive partners for us because, like us, their goal is the betterment of humanity. In fact, just replace “healthcare” with “electric mobility” and “patients” with “planet,” and you have the EVCS mission statement in a nutshell. Allying with kindred spirits creates a natural synergy for us through the sharing of core values like customer service and an improved quality of life. Imagine then our excitement when KPC decided to install four of our newest DC fast chargers on their Anaheim property, giving us the opportunity to continue expanding our network southward.
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6 Reasons Why Fast Charging is Critical
EVCS Level 3 chargers are capable of charging an EV battery to 80% capacity within 20 minutes on most vehicles. They are sleek, efficient, convenient, work with any EV, can function in myriad conditions, and are connected by a powerful network with an easy-to-use interface. By all measures, Level 3 charging – or fast charging – is not only an important link in the electric mobility chain as society transitions away from fossil fuels but a critical one to the goal of mass EV adoption.
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EVCS, 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)....
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Catering to Niche Markets
EV drivers are as unique as the cars they own. All have special reasons why electric mobility is the sensible choice for them. In that vein, we recognize that building a massive new EV network is not a one-size-fits all strategy, but one that takes into account the needs of niche groups across the country. Below is just a smattering of the smaller market subsets we have in mind as we aim to make the transition to electric feel more personal and individualistic based on things like interests, jobs, and locale.
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