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Car Charging Group Is Now US’ Largest Charging Services Company With Over 13,430 Points

Car Charging Group does not hide the fact that it’s delighted to have acquired ECOtality’s assets that originally cost approximately $230 million for just a fraction of that price.

CarCharging’s Chief Executive Officer, Michael D. Farkas stated:

“We are delighted to have completed the Blink transaction and to acquire assets that originally cost approximately $230 million for only $3.335 million. CarCharging has always been committed to supporting the electric car industry and by adding Blink and all of its assets to our network of EV charging stations, we can continue our efforts to further accelerate the adoption of EVs nationwide.”

$230 million comes from federal stimulus grant of $114.8 million in The EV Project that were matched by private investment, but now CarCharging must finish the job:


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