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After Acquisition Binge, Car Charging Sets Its Sights On Dominating The EV Charging Industry


Having acquired four competitors in 2013 and secured more institutional investors, Car Charging Group is poised to become the dominant player in the EV charging industry.
CEO Michael Farkas expects the company to achieve profitability by 2016 with a lower burn rate, transferred grants from ECOtality, and additional capital commitments from shareholders providing a financial cushion.
In 2014, Car Charging is committed to monetizing all of its acquired assets through several initiatives, including doing away with the last vestiges of free charging.
Though the company could achieve profitability sooner, it is wise of Farkas to make his first priority achieving and maintaining a dominant position in the industry.


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