According to a recent article in the Sun Sentinel, Car Charging Group Inc, trading as CCGI on the OTCBB is changing the electric vehicle landscape by continuously adding more and more locations to its US car charging station infrastructure. “The Company just installed electric-car charging stations at Dania Beach's new parking garage; the ribbon-cutting was last Thursday. And the company also has placed stations at a business park in Delray Beach and condominium complexes in Pompano Beach and Aventura.”
Additionally, it has in the last two months signed major partnership deals for car charging stations with notable companies such as LAZ Parking , a company has over 425,000 parking spaces under management in 21 states and more recently Icon Parking Systems. Both companies command a large share in the management of the major parking spaces in NYC and throughout the USA.
So what does this have to do with increasing demand for electric vehicles? The answer is quite simple, Shopping Centers attract thousands of people daily, the more main street customers see charging stations in commercial locations they frequent the more comfortable they will feel about purchasing a vehicle and plug –n-charge at the mall.
CCGI unique business model is tailored to shopping centers. It allows for a shopping center to immediately generate a new revenue source to what was once considered a loss leader and have a green thumbprint; at no cost to the owner of the shopping center. In fact shopping malls create their own market first by showing their potential electric vehicle purchasers that they have a place to park and charge and second, to benefit the mall’s merchants by adding a new value that increases traffic to its mall which translates to consumer shopping.
With a business model like that it is no wonder that Car Charging Group keeps adding new partners each month resulting in more car charging stations for people to view and be a key indicator in the purchase of electric vehicles.
Monday, August 30, 2010
Thursday, August 26, 2010
Company Takes Americas Car Charging Infrastructure by Storm
With a unique business model that allows for a no fuss turnkey solution coupled by a very organized proactive sales approach Car Charging Group Inc., trading as CCGI on the OTBB, has virtually overnight come out from obscurity to taken on a leading role in the development of the American electric vehicle charging infrastructure.
A proof is in the pudding , the news this past month of the signing of high profile partners, such as LAZ Parking , Icon Parking as well as the City of Dania Florida has overnight transformed this Company into a major force on the industry.
Icon Parking Systems operates more than 200 parking facilities in Manhattan. Many of Icon's locations are in the City's busiest and most vibrant commercial neighborhoods, others can be found near famous New York City landmarks, and many are in residential areas throughout the City.
LAZ Parking is a national parking company, headquartered in Hartford, CT, with regional offices in Atlanta, Boston, Chicago, Dallas, Miami, New York, Philadelphia, Baltimore and Washington, D.C. In existence for over 29 years, LAZ has over 425,000 parking spaces at 1,350 facilities under management in 21 states and does business in excess of $500 million in annual revenues. LAZ's parking portfolio includes Class A office buildings, mixed use projects, hotels, hospitals and medical complexes, stand alone garages, surface lots, valet parking sites, concierge services, transportation intermodal, major entertainment/event parking, and university parking.
The City is Dania as a part of its Green development of recently signed with Car Charging Group to install its car charging stations at their new municipal parking facility.
What does this all mean? In means acceptance of a business model, confidence in the market a strong momentum for CCGI to be courted by other major players throughout the USA.
A proof is in the pudding , the news this past month of the signing of high profile partners, such as LAZ Parking , Icon Parking as well as the City of Dania Florida has overnight transformed this Company into a major force on the industry.
Icon Parking Systems operates more than 200 parking facilities in Manhattan. Many of Icon's locations are in the City's busiest and most vibrant commercial neighborhoods, others can be found near famous New York City landmarks, and many are in residential areas throughout the City.
LAZ Parking is a national parking company, headquartered in Hartford, CT, with regional offices in Atlanta, Boston, Chicago, Dallas, Miami, New York, Philadelphia, Baltimore and Washington, D.C. In existence for over 29 years, LAZ has over 425,000 parking spaces at 1,350 facilities under management in 21 states and does business in excess of $500 million in annual revenues. LAZ's parking portfolio includes Class A office buildings, mixed use projects, hotels, hospitals and medical complexes, stand alone garages, surface lots, valet parking sites, concierge services, transportation intermodal, major entertainment/event parking, and university parking.
The City is Dania as a part of its Green development of recently signed with Car Charging Group to install its car charging stations at their new municipal parking facility.
What does this all mean? In means acceptance of a business model, confidence in the market a strong momentum for CCGI to be courted by other major players throughout the USA.
Big Apple Power-Up: Major New York Garage Gets Charging Stations
BY ARIEL SCHWARTZ - Fast Company Wed Aug 25, 2010
Electric vehicles are useless without a widespread network of charge stations. While homeowners can stick a charging station in their garages, things are a little trickier for city dwellers. The Car Charging Group is trying to change that--starting in the place with the least home garages of all, New York City.
Earlier this summer, CCG partnered with LAZ Parking to install Coulomb ChargePoints at some of its New York and New Jersey locations. Now CCG is embarking on a similar partnership with Icon Parking--a prominent Manhattan brand with over 200 facilities in the borough.
As part of the partnership, CCG will install Level II (240 volts) Coulomb ChargePoints at select Icon Parking facilities. Better yet, Icon is getting the ChargePoints at no charge. CCG offers the spots for free while retaining ownership thanks to a combination of tax incentives, subsidies, grants, and loan guarantees. Icon hasn't yet revealed how much it will charge drivers for use of the spots.
That's good news for Zipcar customers, too. Partnerships like the one between CCG and Icon will make it easier for car-sharing companies like Zipcar to keep large stables of plug-in hybrids and all-electric vehicles in city parking garages.
Zipcar is already testing a plug-in hybrid in its San Francisco fleet, and the company plans on adding a number of Nissan Leaf EVs to its fleets in San Francisco and Seattle as part of the Department of Energy's Clean Cities program.
"We're continually monitoring the user experience of plugging in a vehicle, and whether members feel comfortable in these types of vehicles," says John Williams, a spokesman for Zipcar. If all goes well on the West Coast, New York City could be next.
Electric vehicles are useless without a widespread network of charge stations. While homeowners can stick a charging station in their garages, things are a little trickier for city dwellers. The Car Charging Group is trying to change that--starting in the place with the least home garages of all, New York City.
Earlier this summer, CCG partnered with LAZ Parking to install Coulomb ChargePoints at some of its New York and New Jersey locations. Now CCG is embarking on a similar partnership with Icon Parking--a prominent Manhattan brand with over 200 facilities in the borough.
As part of the partnership, CCG will install Level II (240 volts) Coulomb ChargePoints at select Icon Parking facilities. Better yet, Icon is getting the ChargePoints at no charge. CCG offers the spots for free while retaining ownership thanks to a combination of tax incentives, subsidies, grants, and loan guarantees. Icon hasn't yet revealed how much it will charge drivers for use of the spots.
That's good news for Zipcar customers, too. Partnerships like the one between CCG and Icon will make it easier for car-sharing companies like Zipcar to keep large stables of plug-in hybrids and all-electric vehicles in city parking garages.
Zipcar is already testing a plug-in hybrid in its San Francisco fleet, and the company plans on adding a number of Nissan Leaf EVs to its fleets in San Francisco and Seattle as part of the Department of Energy's Clean Cities program.
"We're continually monitoring the user experience of plugging in a vehicle, and whether members feel comfortable in these types of vehicles," says John Williams, a spokesman for Zipcar. If all goes well on the West Coast, New York City could be next.
You read it in the NY Times
Electric Vehicle Chargers Planned for Manhattan Parking Lots
By JIM MOTAVALLI Wheels ,August 26,2010
Car Charging Group trading as CCGI on the OTCBB
The route to a fully charged electric vehicle runs through the parking lot. At least that’s the path followed by the Car Charging Group, a Florida-based electric-vehicle service provider that announced on Monday it is teaming up with Icon Parking Systems to install plug-in stations at some of Icon’s more than 200 garages and lots in Manhattan. In July, Car Charging Group announced a similar deal with Laz Parking, which has 1,350 facilities in 21 states.
“We’re aligning ourselves with where the cars are parked,” said Michael Farkas, chief executive of Car Charging Group.
“Recharging times are kind of long, three or four hours, so gas stations seem like the wrong environment for E.V.’s,” he said. “What makes more sense are shopping centers, strip malls and parking garages—where the cars are going to be.”
Mr. Farkas said that, in many cases, big-box stores, supermarkets and similar businesses do not own the land they occupy, so it makes sense for charging companies to deal with very large institutional real estate owners and operators. “Otherwise, we’d have to go to each individual landowner to get approval,” Mr. Farkas said.
Under the arrangement, the Car Charging Group will install, own, maintain and upgrade the charging stations, and the parking facilities will share in the revenue.
Mr. Farkas said charging rates would vary considerably based on time of day and the different regional costs of electricity, but in states that allow it, consumers would pay 50 cents a kilowatt-hour. Charging electric vehicles is not as simple as filling a car with gas, because some do not allow full discharge or 100 percent charge. So the phrase “fill ‘er up” is somewhat theoretical in these cases. With only a 16-kilowatt-hour battery, the Chevrolet Volt would (theoretically) cost $8 for a complete “fill up” at that rate. But the 24 kilowatt-hour pack in a Nissan Leaf would cost $12 for a zero to 100 percent charge.
According to Andrew Kinard, president of the Car Charging Group, many states do not allow billing by the kilowatt-hour, though that could change. In states with that restriction, the company will charge $3 an hour for charging, he said, which will put cars with slow charging rates at a disadvantage.
The Car Charging Group will install Level 2 (220-240 volts) stations from Coulomb Technologies that can fully charge a vehicle in several hours. Mr. Farkas said the company was also enthusiastic about Level 3 fast charging (440-480 volts) because with half-hour recharge times it can move vehicles through the stations more quickly. “It means we can push kilowatts to cars much faster and make money faster,” he said.
The parking operators are enthusiastic. “It’s a way to create value for our clients and to get the halo of green technology for our properties,” said Michael Barelli, vice president of leasing and development at Laz Parking. “It’s an attractive deal for us.” He said the company planned to install 100 chargers in the New York-New Jersey area “soon.”
Mr. Barelli said electric vehicle chargers would make sense at residential buildings with parking facilities and commuter lots, among other locations.
By JIM MOTAVALLI Wheels ,August 26,2010
Car Charging Group trading as CCGI on the OTCBB
The route to a fully charged electric vehicle runs through the parking lot. At least that’s the path followed by the Car Charging Group, a Florida-based electric-vehicle service provider that announced on Monday it is teaming up with Icon Parking Systems to install plug-in stations at some of Icon’s more than 200 garages and lots in Manhattan. In July, Car Charging Group announced a similar deal with Laz Parking, which has 1,350 facilities in 21 states.
“We’re aligning ourselves with where the cars are parked,” said Michael Farkas, chief executive of Car Charging Group.
“Recharging times are kind of long, three or four hours, so gas stations seem like the wrong environment for E.V.’s,” he said. “What makes more sense are shopping centers, strip malls and parking garages—where the cars are going to be.”
Mr. Farkas said that, in many cases, big-box stores, supermarkets and similar businesses do not own the land they occupy, so it makes sense for charging companies to deal with very large institutional real estate owners and operators. “Otherwise, we’d have to go to each individual landowner to get approval,” Mr. Farkas said.
Under the arrangement, the Car Charging Group will install, own, maintain and upgrade the charging stations, and the parking facilities will share in the revenue.
Mr. Farkas said charging rates would vary considerably based on time of day and the different regional costs of electricity, but in states that allow it, consumers would pay 50 cents a kilowatt-hour. Charging electric vehicles is not as simple as filling a car with gas, because some do not allow full discharge or 100 percent charge. So the phrase “fill ‘er up” is somewhat theoretical in these cases. With only a 16-kilowatt-hour battery, the Chevrolet Volt would (theoretically) cost $8 for a complete “fill up” at that rate. But the 24 kilowatt-hour pack in a Nissan Leaf would cost $12 for a zero to 100 percent charge.
According to Andrew Kinard, president of the Car Charging Group, many states do not allow billing by the kilowatt-hour, though that could change. In states with that restriction, the company will charge $3 an hour for charging, he said, which will put cars with slow charging rates at a disadvantage.
The Car Charging Group will install Level 2 (220-240 volts) stations from Coulomb Technologies that can fully charge a vehicle in several hours. Mr. Farkas said the company was also enthusiastic about Level 3 fast charging (440-480 volts) because with half-hour recharge times it can move vehicles through the stations more quickly. “It means we can push kilowatts to cars much faster and make money faster,” he said.
The parking operators are enthusiastic. “It’s a way to create value for our clients and to get the halo of green technology for our properties,” said Michael Barelli, vice president of leasing and development at Laz Parking. “It’s an attractive deal for us.” He said the company planned to install 100 chargers in the New York-New Jersey area “soon.”
Mr. Barelli said electric vehicle chargers would make sense at residential buildings with parking facilities and commuter lots, among other locations.
Wednesday, August 25, 2010
Confidence Growing Throughout the Car Charging Industry
In reading various reports and publications related to electric cars and the car charging industry one of the key market indicators of market confidence in an industry is the success of companies penetrating an industry market and the investment a company receives.
Car Charging Group Inc, trading as CCGI on the OTCBB is such company. It has over the course of this past year signed major deals for car charging stations with notable companies such as LAZ Parking and more recently Icon Parking Systems. Both companies command a large share in the management of the major parking spaces in NYC and throughout the USA.
Additionally, as proof of a company’s standing and industry acceptance, Car Charging Group Inc, recently reported in their filings a raise of $1,213,500.
As the Industry will begin to mature in the coming years, those companies such as Car Charging Group Inc, that have established themselves in the market will stand to be the major industry players and the investors that had invested early on will reap the benefits.
Car Charging Group Inc, trading as CCGI on the OTCBB is such company. It has over the course of this past year signed major deals for car charging stations with notable companies such as LAZ Parking and more recently Icon Parking Systems. Both companies command a large share in the management of the major parking spaces in NYC and throughout the USA.
Additionally, as proof of a company’s standing and industry acceptance, Car Charging Group Inc, recently reported in their filings a raise of $1,213,500.
As the Industry will begin to mature in the coming years, those companies such as Car Charging Group Inc, that have established themselves in the market will stand to be the major industry players and the investors that had invested early on will reap the benefits.
Sunday, August 22, 2010
Mass Production of Electric Vehicles Starting to Roll Out
In recent NPR radio interview, Mr. TONY POSAWATZ (Vehicle Line Director, Chevy Volt) announced that Chevy was getting ready for their initial rollout of ten thousand in 2011 and over 40,000 in 2012 where their target market (approx. 19 States).
Mr. MARK PERRY (Director, Product Planning, Nissan North America) stated that Nissan planned to roll our 50,000 Leafs with a capacity for 150,000 in the coming years.
Both individuals did discuss the issue of the number car charging stations as a barometer of mass acceptance of electric cars:
“ The number right now nationwide across 19 states, not just the West Coast, 19 states, over 12,000 public charging stations. And now you add to that the convenience of just charging in your garage overnight. I think this idea of not having a place to plug in is going to disappear.”
While this writer would agree that the “idea of not having a place to plug in is going to disappear,” the conclusion is wrong. For one thing, most people to not have a dedicated indoor parking spot. Secondly, most people who live in buildings are subject to the buildings management and probably association approval to get one installed and even then, there is the issue of security and liability.
If the electric car revolution is going to succeed as I believe it will, the key to consumer confidence rests on a mass electric car vehicle in place in locations where people frequent most i.e., malls and commercial garages. Municipalities, where a good start are limited in the spaces they own and in ability to channel the complete car charging needs of the public.
Car Charging Group Inc, trading as CCGI on the OTCBB seems to be the only game in town to meet the future demand. Its business model is ideally designed to penetrate the shopping mall and parking market via its turnkey solution. It allows for rapid market development and is already accepted by major companies such as LAZ Parking. See Forbes article below: http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs_agreement_with_laz_parking_to_197360.html.
Mr. MARK PERRY (Director, Product Planning, Nissan North America) stated that Nissan planned to roll our 50,000 Leafs with a capacity for 150,000 in the coming years.
Both individuals did discuss the issue of the number car charging stations as a barometer of mass acceptance of electric cars:
“ The number right now nationwide across 19 states, not just the West Coast, 19 states, over 12,000 public charging stations. And now you add to that the convenience of just charging in your garage overnight. I think this idea of not having a place to plug in is going to disappear.”
While this writer would agree that the “idea of not having a place to plug in is going to disappear,” the conclusion is wrong. For one thing, most people to not have a dedicated indoor parking spot. Secondly, most people who live in buildings are subject to the buildings management and probably association approval to get one installed and even then, there is the issue of security and liability.
If the electric car revolution is going to succeed as I believe it will, the key to consumer confidence rests on a mass electric car vehicle in place in locations where people frequent most i.e., malls and commercial garages. Municipalities, where a good start are limited in the spaces they own and in ability to channel the complete car charging needs of the public.
Car Charging Group Inc, trading as CCGI on the OTCBB seems to be the only game in town to meet the future demand. Its business model is ideally designed to penetrate the shopping mall and parking market via its turnkey solution. It allows for rapid market development and is already accepted by major companies such as LAZ Parking. See Forbes article below: http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs_agreement_with_laz_parking_to_197360.html.
Sunday, August 15, 2010
Accenture forecasts robust growth for electric vehicles in the United States
Accenture forecasts 1.5 million electric vehicles in the United States by 2015. Over 10 million electric vehicles are easily possible by 2020.
According to the latest Clean Fleet Report (see below) all the major electric car manufacturers are ramping up production in their electric car divisions to meet the demand.
With so many cars expected to be on the road the demand for a car charging infrastructure will grow significantly. only one company seems to be meeting current and future needs for an electric car charging infrastructure is Car Charging Group Inc, trading as CCGI on the OTCBB. The Company is focusing on the locations where people go and stay for a while. Its business model is second to none as it allows for companies such as malls and parking facilities to focus on their business while gaining a new revenue stream at no cost to them. Their model has already been accepted by major companies such as LAZ Parking. See Forbes article below : http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs
Top 10 Electric Car Makers for 2010 and 2011
By John Addison (updated 8/2/10, original 12/14/09)
Tesla is the first to sell 1,000 electric cars for the U.S. highways. Like its Roadster, the company is going zero to sixty in less than four seconds. Tesla is also developing a roomy Model S hatchback that starts at $57,400, about half the price of the Roadster. The Roadster is battery-electric with a 240 mile range; the Model S will have a remarkable electric range option of 300 miles per charge. Tesla is working with shareholder Toyota to bring back the Toyota RAV4 EV, an electric SUV. Tesla is working with shareholder Daimler to put Smart EDs on U.S. streets this year.
Nissan will be the first auto maker to put over 10,000 electric cars on U.S. highways. About 20,000 have made deposits for Nissan LEAF and several cities are in major partnerships. The LEAF can be purchased starting at $32,780 or $349 per month. The Nissan LEAF is battery-electric with a 100 mile range per charge. LEAF Test drive. This 5-door, 5-seat, hatchback has the right size and range for many who drive under 100 miles daily, or for households with more than one car. Nissan LEAF Details
Toyota Prius Plug-in Hybrid (PHV) will build on the million car success of Toyota hybrids. At first glance, the PHV looks like another Prius until you spot the J1772 plug for smart charging. Five hundred PHV are in fleet trails from cities to car sharing services. In 2011, U.S. dealer orders were planned, but with Toyota’s 8 million vehicle recall this is may be delayed. Toyota will initially control costs by only using a 5kWh battery for a 14 mile electric range. In late 2011, Toyota will expand its offerings to include a pure battery-electric FT-EV.
General Motors wants to be the plug-in leader with the Chevy Volt, a plug-in hybrid with 40 miles of electric range and added 300 miles by engaging a small gasoline engine to act as a generator. Chevrolet will deliver over 10,000 in 2011. GM has a complete Voltec Propulsion System roadmap which envisions added offerings of pure battery-electric, E85, and diesel. Converj may become the Cadillac of extend-range electrics. Look for a range versus cost battle with Toyota, as the Volt achieves more electric range by adding to vehicle cost with a 16kWh battery. Chevrolet Volt Test Drive
Ford will be selling at least three electric cars by the end of 2011. The best seller will be the Ford Focus EV a battery-electric that we expect to aggressively compete with the Nissan Leaf. Ford will be taking orders for a 2012 plug-in hybrid; likely, it will be the Ford Focus available any way the customer wants it: battery-electric, plug-in hybrid, hybrid, or fuel efficient sedan. Ford is already selling the Transit Connect Electric compact van. Focus EV Report and Test Drive
Mitsubishi will take orders next year for the 2012 U.S. version of the iMiEV, the best selling EV in Japan. Mitsubishi is currently suggesting a ballpark price in the low 30s. This fun-to-drive 5 door, 4 seat hatchback, will have a wheel base 5 inches wider for the U.S. market, but the micro-compact will still be able to get those precious city parking spaces that no other car can take except the smart. The more powerful U.S. version will have an electric range of 50 to 80 miles with a 16kWh lithium battery. iMiEV Test Drive
Fisker Karma is a luxury sports plug-in hybrid with prices starting around $90,000. With a $528 million DOE conditional loan, Fisker is moving into production with plans to start shipping Karmas to dealers in late 2010. A more affordable family sedan is planned for 2012.
Think has been selling its smaller battery-electric City car in Europe for years. Many of the Copenhagen climate delegates were transported with Think EV. With new capital from EnerDel, Valmet, and Kleiner Perkins, Think hopes to have its financial struggles in the rear view mirror and be on U.S. roads by the end of 2011. Clean Fleet Report
Chrysler has about 40,000 of the GEM 25-mph light electric vehicles (LEV) on the U.S. roads in university towns, fleets, and retirement communities. With federal and local tax breaks, the net cost is under $10,000. With the growth of electric cars and charging stations, sales may actually increase for cost-leading LEV. A sub-compact electric Fiat 500 EV is expected to be offered in the U.S. in 2012, priced in the mid-thirties. In a DOE project, 140 Dodge Ram Truck Plug-in Hybrids are being built.
BYD has over $200 million invested by Warren Buffet. BYD is now selling its plug-in hybrid and E6 battery-electric car in China, but with little success. We expect the plug-in hybrid to be a freeway-speed electric car price leader in the U.S. in 2011. The E6 battery-electric is likely to be more expensive with enough batteries for a 250 electric range. These may take longer than expected to be selling in the U.S. due to tough safety, regulatory hurdles, and charging standards.
CODA plans to deliver an electric car with up to 120 mile charge range using over 33 kWh of lithium batteries from their joint venture with China’s Lishen Power Battery (Lishen). This 4-seat sedan should have more range than the Nissan LEAF and it’s 24kWh battery pack, but may be priced thousands higher than the LEAF. Over $100 million of big name investors back this spin-off of Miles. CODA talks about taking orders by the end of the year, but they appear to be waiting for DOE loans to start manufacturing.
Forecasts and Renewable Energy
Accenture forecasts 1.5 million electric vehicles in the United States by 2015. Over 10 million electric vehicles are easily possible by 2020. Single electric utilities have scenarios for charging over one million electric vehicles in their own service area by 2020. With renewable energy investment required of utilities in 30 states, these utilities are most interested in night time charging of electric vehicles with wind, geothermal, and hydropower. Utilities are also implementing smart grids and incentives for off-peak charging.
By 2011 year end, competition will be intense for electric car leadership. The above Top 10 describe our best guess about the market share leaders for delivered plug-in vehicles on the United States roads in 2011, although not necessarily in order of installed market share. Battery electric vehicles, plug-in hybrids, and electric vehicles with range extended by engines or fuel cells were all considered.
Over 100 competitors will be fighting for U.S. share by 2012. Some may be struggle to get significant share due to the time and cost of safety and other regulatory approvals, delays in funding, unpleasant surprises from a battery, drive system, or component supplier. It’s a tough business. Even Tesla had to add 700 pounds and two years to get the first Roadsters in customers’ hands.
Honda is certain to be on lists by 2012, if not next year, with their new battery-electric and plug-in hybrid announcements. Honda Lithium Battery and Electric Car Report.
250 smart fortwo ED will be put into U.S. tests this year using Tesla battery packs, but smart is currently targeting the 2013 model year for the first commercial electric car. It will start taking consumer and fleet orders in 2012. BMW will acclerate electric plans in a couple of years.
Volkswagen may teach everyone how to extend range by making vehicles light. The concept Up Light weighs just over 1,500 pounds, but we don’t expect U.S. sales in 2011. Zenn might be there with a commercialized EEstor ultracap that has been in stealth mode for 10 years.
China could have several price leaders being delivered to U.S. customers. India might bring us a Maharinda Reva or Nano EV that under prices everyone. Subaru could make bigger U.S. electric plans. Don’t count out the good old United States “can do” entrepreneurs with exciting innovation and venture capital backing. Some think that V-Vehicles or Aptera will be on the list.
What are your favorite electric cars on the list or off the list? What’s your 2011 forecast? Join the dialog. Check back. We will update the list as the market share battle unfolds.
According to the latest Clean Fleet Report (see below) all the major electric car manufacturers are ramping up production in their electric car divisions to meet the demand.
With so many cars expected to be on the road the demand for a car charging infrastructure will grow significantly. only one company seems to be meeting current and future needs for an electric car charging infrastructure is Car Charging Group Inc, trading as CCGI on the OTCBB. The Company is focusing on the locations where people go and stay for a while. Its business model is second to none as it allows for companies such as malls and parking facilities to focus on their business while gaining a new revenue stream at no cost to them. Their model has already been accepted by major companies such as LAZ Parking. See Forbes article below : http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs
Top 10 Electric Car Makers for 2010 and 2011
By John Addison (updated 8/2/10, original 12/14/09)
Tesla is the first to sell 1,000 electric cars for the U.S. highways. Like its Roadster, the company is going zero to sixty in less than four seconds. Tesla is also developing a roomy Model S hatchback that starts at $57,400, about half the price of the Roadster. The Roadster is battery-electric with a 240 mile range; the Model S will have a remarkable electric range option of 300 miles per charge. Tesla is working with shareholder Toyota to bring back the Toyota RAV4 EV, an electric SUV. Tesla is working with shareholder Daimler to put Smart EDs on U.S. streets this year.
Nissan will be the first auto maker to put over 10,000 electric cars on U.S. highways. About 20,000 have made deposits for Nissan LEAF and several cities are in major partnerships. The LEAF can be purchased starting at $32,780 or $349 per month. The Nissan LEAF is battery-electric with a 100 mile range per charge. LEAF Test drive. This 5-door, 5-seat, hatchback has the right size and range for many who drive under 100 miles daily, or for households with more than one car. Nissan LEAF Details
Toyota Prius Plug-in Hybrid (PHV) will build on the million car success of Toyota hybrids. At first glance, the PHV looks like another Prius until you spot the J1772 plug for smart charging. Five hundred PHV are in fleet trails from cities to car sharing services. In 2011, U.S. dealer orders were planned, but with Toyota’s 8 million vehicle recall this is may be delayed. Toyota will initially control costs by only using a 5kWh battery for a 14 mile electric range. In late 2011, Toyota will expand its offerings to include a pure battery-electric FT-EV.
General Motors wants to be the plug-in leader with the Chevy Volt, a plug-in hybrid with 40 miles of electric range and added 300 miles by engaging a small gasoline engine to act as a generator. Chevrolet will deliver over 10,000 in 2011. GM has a complete Voltec Propulsion System roadmap which envisions added offerings of pure battery-electric, E85, and diesel. Converj may become the Cadillac of extend-range electrics. Look for a range versus cost battle with Toyota, as the Volt achieves more electric range by adding to vehicle cost with a 16kWh battery. Chevrolet Volt Test Drive
Ford will be selling at least three electric cars by the end of 2011. The best seller will be the Ford Focus EV a battery-electric that we expect to aggressively compete with the Nissan Leaf. Ford will be taking orders for a 2012 plug-in hybrid; likely, it will be the Ford Focus available any way the customer wants it: battery-electric, plug-in hybrid, hybrid, or fuel efficient sedan. Ford is already selling the Transit Connect Electric compact van. Focus EV Report and Test Drive
Mitsubishi will take orders next year for the 2012 U.S. version of the iMiEV, the best selling EV in Japan. Mitsubishi is currently suggesting a ballpark price in the low 30s. This fun-to-drive 5 door, 4 seat hatchback, will have a wheel base 5 inches wider for the U.S. market, but the micro-compact will still be able to get those precious city parking spaces that no other car can take except the smart. The more powerful U.S. version will have an electric range of 50 to 80 miles with a 16kWh lithium battery. iMiEV Test Drive
Fisker Karma is a luxury sports plug-in hybrid with prices starting around $90,000. With a $528 million DOE conditional loan, Fisker is moving into production with plans to start shipping Karmas to dealers in late 2010. A more affordable family sedan is planned for 2012.
Think has been selling its smaller battery-electric City car in Europe for years. Many of the Copenhagen climate delegates were transported with Think EV. With new capital from EnerDel, Valmet, and Kleiner Perkins, Think hopes to have its financial struggles in the rear view mirror and be on U.S. roads by the end of 2011. Clean Fleet Report
Chrysler has about 40,000 of the GEM 25-mph light electric vehicles (LEV) on the U.S. roads in university towns, fleets, and retirement communities. With federal and local tax breaks, the net cost is under $10,000. With the growth of electric cars and charging stations, sales may actually increase for cost-leading LEV. A sub-compact electric Fiat 500 EV is expected to be offered in the U.S. in 2012, priced in the mid-thirties. In a DOE project, 140 Dodge Ram Truck Plug-in Hybrids are being built.
BYD has over $200 million invested by Warren Buffet. BYD is now selling its plug-in hybrid and E6 battery-electric car in China, but with little success. We expect the plug-in hybrid to be a freeway-speed electric car price leader in the U.S. in 2011. The E6 battery-electric is likely to be more expensive with enough batteries for a 250 electric range. These may take longer than expected to be selling in the U.S. due to tough safety, regulatory hurdles, and charging standards.
CODA plans to deliver an electric car with up to 120 mile charge range using over 33 kWh of lithium batteries from their joint venture with China’s Lishen Power Battery (Lishen). This 4-seat sedan should have more range than the Nissan LEAF and it’s 24kWh battery pack, but may be priced thousands higher than the LEAF. Over $100 million of big name investors back this spin-off of Miles. CODA talks about taking orders by the end of the year, but they appear to be waiting for DOE loans to start manufacturing.
Forecasts and Renewable Energy
Accenture forecasts 1.5 million electric vehicles in the United States by 2015. Over 10 million electric vehicles are easily possible by 2020. Single electric utilities have scenarios for charging over one million electric vehicles in their own service area by 2020. With renewable energy investment required of utilities in 30 states, these utilities are most interested in night time charging of electric vehicles with wind, geothermal, and hydropower. Utilities are also implementing smart grids and incentives for off-peak charging.
By 2011 year end, competition will be intense for electric car leadership. The above Top 10 describe our best guess about the market share leaders for delivered plug-in vehicles on the United States roads in 2011, although not necessarily in order of installed market share. Battery electric vehicles, plug-in hybrids, and electric vehicles with range extended by engines or fuel cells were all considered.
Over 100 competitors will be fighting for U.S. share by 2012. Some may be struggle to get significant share due to the time and cost of safety and other regulatory approvals, delays in funding, unpleasant surprises from a battery, drive system, or component supplier. It’s a tough business. Even Tesla had to add 700 pounds and two years to get the first Roadsters in customers’ hands.
Honda is certain to be on lists by 2012, if not next year, with their new battery-electric and plug-in hybrid announcements. Honda Lithium Battery and Electric Car Report.
250 smart fortwo ED will be put into U.S. tests this year using Tesla battery packs, but smart is currently targeting the 2013 model year for the first commercial electric car. It will start taking consumer and fleet orders in 2012. BMW will acclerate electric plans in a couple of years.
Volkswagen may teach everyone how to extend range by making vehicles light. The concept Up Light weighs just over 1,500 pounds, but we don’t expect U.S. sales in 2011. Zenn might be there with a commercialized EEstor ultracap that has been in stealth mode for 10 years.
China could have several price leaders being delivered to U.S. customers. India might bring us a Maharinda Reva or Nano EV that under prices everyone. Subaru could make bigger U.S. electric plans. Don’t count out the good old United States “can do” entrepreneurs with exciting innovation and venture capital backing. Some think that V-Vehicles or Aptera will be on the list.
What are your favorite electric cars on the list or off the list? What’s your 2011 forecast? Join the dialog. Check back. We will update the list as the market share battle unfolds.
Higher Than Expected Revenues For Providers of Electric Car Charging Stations
The Obama administration is predicting a 70% drop in the price if car charging batteries by 2015 and the US Department of Energy is also predicting a considerable drop in per kilowatt costs to charge up an electric car in the coming years.
What does this mean? it means that the time gap between first adaptors of electric cars and main stream electric car purchases will narrow significantly in the next couple of years. Ergo, the demand for an electric car charging infrastructure will be growing exponentially and Car Charging Group Inc., trading as CCGI on the OTCBB seems to be the main game in town to meet the demand. Its business model allows for rapid market development and is already accepted by major companies such as LAZ Parking. See Forbes article below : http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs_agreement_with_laz_parking_to_197360.html
In a July article in Government Fleet:Obama Predicts Electric Car Battery Prices Will Drop 70 Percent
HOLLAND, MI - The cost of the high-powered batteries needed for a coming wave of electric cars is projected to drop by as much as 70 percent over the next five years, according to a U.S. government forecast.
The forecast was released as President Barack Obama attended a groundbreaking ceremony for a battery plant being built in Holland, Mich., by a U.S. unit of South Korea's LG Chem and funded by the U.S. Department of Energy, according to Reuters.
The Obama administration has provided more than $5 billion in grants and low-cost loans to battery manufacturers and auto companies to support projects intended to spur the development and sale of rechargeable electric cars and plug-in hybrids.
But the high cost of the lithium-ion batteries to power those vehicles has been seen as one of the biggest barriers to their widespread adoption.
The U.S. government had never set a target for the kinds of cost reductions it expected to see in the fast-developing industry it is attempting to jump-start with taxpayer funding.
"Because of advances in the manufacture of these batteries, their costs are expected to come down by nearly 70 percent in the next few years. That's going to make electric and hybrid cars and trucks more affordable for more Americans," Obama told an audience of politicians, business leaders, and representatives of the 300 workers building the new plant.
The battery price declines projected by the Obama administration, which has set a target of putting 1 million plug-in hybrids on the road by 2015, run deeper and faster than most forecasts by outside analysts.
LG Chem Chief Executive Bahnsuk Kim said his company sees a 50 percent drop in battery prices by 2015, and he expected that would be enough to drive increased demand.
In the terms tracked by the emerging electric vehicle industry, the Department of Energy said it expected battery costs per kilowatt hour to drop from about $1,000 in 2009 to $300 in 2015 and $100 in 2030.
Major U.S. automakers have set a long-term target of reducing costs on that basis to near $250, a price that would be in line with the cost to produce batteries for laptops and cell phones.
The lithium-ion battery that powers Tesla Motors Inc's $109,000 Roadster cost more than $33,000, according to the Department of Energy report.
The smaller battery LG Chem is supplying for the upcoming Chevrolet Volt from General Motors [GM.UL] cost $13,000 last year but will drop to $4,000 by 2015, the report said.
Both GM and Tesla have received Energy Department funding.
LG Chem's Compact Power unit has won deals to supply batteries for the Chevy Volt and the upcoming all-electric version of the Ford Motor Co Focus.
It said that it had also been selected to supply batteries for hybrid systems which Eaton Corp is developing for commercial trucks and buses.
Compact Power's Holland plant will have the capacity to supply batteries for up to 250,000 electric vehicles once completed and will employ 400 workers, the company said.
LG Chem and the U.S. Department of Energy split the costs of building the $303 million plant. The Korean chemical and battery maker invested $151.5 million and $151.4 million came from a U.S. government grant.
White House economists estimate that the United States accounted for 2 percent of global production of batteries for electric cars and hybrids in 2009. That share is expected to rise to 40 percent of global production by 2015, according to Reuters.
What does this mean? it means that the time gap between first adaptors of electric cars and main stream electric car purchases will narrow significantly in the next couple of years. Ergo, the demand for an electric car charging infrastructure will be growing exponentially and Car Charging Group Inc., trading as CCGI on the OTCBB seems to be the main game in town to meet the demand. Its business model allows for rapid market development and is already accepted by major companies such as LAZ Parking. See Forbes article below : http://www.forbes.com/feeds/globenewswire/2010/07/23/car_charging_group_inc_signs_agreement_with_laz_parking_to_197360.html
In a July article in Government Fleet:Obama Predicts Electric Car Battery Prices Will Drop 70 Percent
HOLLAND, MI - The cost of the high-powered batteries needed for a coming wave of electric cars is projected to drop by as much as 70 percent over the next five years, according to a U.S. government forecast.
The forecast was released as President Barack Obama attended a groundbreaking ceremony for a battery plant being built in Holland, Mich., by a U.S. unit of South Korea's LG Chem and funded by the U.S. Department of Energy, according to Reuters.
The Obama administration has provided more than $5 billion in grants and low-cost loans to battery manufacturers and auto companies to support projects intended to spur the development and sale of rechargeable electric cars and plug-in hybrids.
But the high cost of the lithium-ion batteries to power those vehicles has been seen as one of the biggest barriers to their widespread adoption.
The U.S. government had never set a target for the kinds of cost reductions it expected to see in the fast-developing industry it is attempting to jump-start with taxpayer funding.
"Because of advances in the manufacture of these batteries, their costs are expected to come down by nearly 70 percent in the next few years. That's going to make electric and hybrid cars and trucks more affordable for more Americans," Obama told an audience of politicians, business leaders, and representatives of the 300 workers building the new plant.
The battery price declines projected by the Obama administration, which has set a target of putting 1 million plug-in hybrids on the road by 2015, run deeper and faster than most forecasts by outside analysts.
LG Chem Chief Executive Bahnsuk Kim said his company sees a 50 percent drop in battery prices by 2015, and he expected that would be enough to drive increased demand.
In the terms tracked by the emerging electric vehicle industry, the Department of Energy said it expected battery costs per kilowatt hour to drop from about $1,000 in 2009 to $300 in 2015 and $100 in 2030.
Major U.S. automakers have set a long-term target of reducing costs on that basis to near $250, a price that would be in line with the cost to produce batteries for laptops and cell phones.
The lithium-ion battery that powers Tesla Motors Inc's $109,000 Roadster cost more than $33,000, according to the Department of Energy report.
The smaller battery LG Chem is supplying for the upcoming Chevrolet Volt from General Motors [GM.UL] cost $13,000 last year but will drop to $4,000 by 2015, the report said.
Both GM and Tesla have received Energy Department funding.
LG Chem's Compact Power unit has won deals to supply batteries for the Chevy Volt and the upcoming all-electric version of the Ford Motor Co Focus.
It said that it had also been selected to supply batteries for hybrid systems which Eaton Corp is developing for commercial trucks and buses.
Compact Power's Holland plant will have the capacity to supply batteries for up to 250,000 electric vehicles once completed and will employ 400 workers, the company said.
LG Chem and the U.S. Department of Energy split the costs of building the $303 million plant. The Korean chemical and battery maker invested $151.5 million and $151.4 million came from a U.S. government grant.
White House economists estimate that the United States accounted for 2 percent of global production of batteries for electric cars and hybrids in 2009. That share is expected to rise to 40 percent of global production by 2015, according to Reuters.
Wednesday, March 10, 2010
Car Charging Stations for Electric Vehicles – Is this the Next Billion Dollar Industry?
Who invented the first personal computer is not an easy question to answer? The first computer was designed in 1936 and most people would agree that IBM created the first personal computer. From the original invention of computers for consumers, an entire industry was born and the world was introduced to billionaires such as Bill Gates and Michael Dell.
Motorola, CNN, Dell and many other billion dollar companies have all been borne from new industries that were created as a result of technological or regulatory advancements. Respectively and in the case of Motorola, CNN and Dell, we are referring to the cell phone, cable television and personal computer industries
Over the next few years, a growing percentage of automobiles in the United States will become hybrid or all electric vehicles. Most financial industry experts agree that the companies that are operating in the rapidly growing infrastructure support space for EV’s are in the infancy of the next billion dollar industry.
Most of the major automakers are racing to develop electric vehicles and the first of them are slated to arrive this year. Ford is one of several major auto manufacturers with concrete plans for a line of electric vehicles in the near future. Ford plans on selling an electric version of a commercial van this year, followed by an electric option of the popular Ford Focus in 2011. Nissan is introducing an electric car to businesses in 2011 and to consumers in 2010. General Motors, after some minor missteps, plans on introducing the long-awaited Chevrolet Volt late this year.
With all the electric vehicles expected to be on the market within the next 24 months, the question most people have is just where to charge these vehicles when they aren’t in your driveway. One comedian recently quipped, “With all the electric vehicles expected to be on the market in 2011, I’m going to medical school to study range anxiety.”
William Clay Ford Jr., Executive Chairman of Ford recently stated, “We can provide the vehicles; we can provide the hardware. But we cannot unilaterally solve all the national issues.” Mr. Ford is referring to the number one challenge that is affecting the adoption of electric vehicles in this country, “How to build the national infrastructure to charge all the vehicles?”
Most experts agree that in order to encourage the adoption of electric vehicles, charging stations that follow a nationwide standard will be needed at every shopping mall, supermarket parking lot, parking garage and countless other locations. In fact, a national infrastructure of charging stations is of paramount importance to the federal government and to the automobile industry. If electric will fuel the electric cars; then the charging stations will fuel the rate of adoption of these electric cars. The U.S. government has awarded $2.4 billion in stimulus funds for the manufacture of vehicles and their components as well as to establish a national vehicle charging infrastructure. Among the grants is funding for establishing 12,500 charging stations across five states.
Based in Florida, Car Charging Group is at the forefront of the electronic vehicle revolution. The company aims to blanket cities with charging locations that would be installed in public parking lots and many other public locations. Free to the business and/or building owner, the company’s revenue model will be based on a per use fee charged to the vehicle owner. Besides being free, there is an added value to the business owner. Case studies confirm that access to these charging locations will also attract consumers into the business while their vehicle is being charged.
The company believes it can become the premier owner of the ChargePoint™ EV charging system in the United States. As a member of the ChargePoint™ Network, users of the ChargePoint™ system can gain access to a ChargePoint system regardless of who owns the system.
As one astute investor really stated, “Which industry is more healthy, the guys that make the cars or the guys that make the gasoline?” As thousands of investors clamor to determine how to make money from the advent of electronic vehicles, it may be as obvious as Car Charging Inc.
Traded on the OTCBB under the symbol CCGI, Car Charging Group has about 72 million shares outstanding. One of the company’s main competitors recently raised several hundred million dollars through venture capital investors. Car Charging Group and the ChargePoint™ system and network will be a key driver for the adoption of electronic vehicles. Whether you’re an automobile manufacturer, a municipality or simply a consumer, Car Charging Group, Inc. will help accelerate the adoption of electronic vehicles while helping to sustain the health of the environment.
The market for charging stations and the company’s operating in this new energy space may be at the ground floor of the next billion dollar industry. We believe they are.
Wednesday, March 3, 2010
CCGI Car Charging Group teams up with Apple and Coulomb
Car Charging Group Announces Availability of ChargePoint iPhone App for Electric Vehicle Owners.
App Will Help EV Owners Easily Locate ChargePoint Networked Charging Stations Across North America.
You can use your iphone to charge your car!
Car Charging Group, Inc. (OTCBB:CCGI - News), owner and provider of electric car charging stations nationwide, today announced that drivers of electric vehicles can now utilize the ChargePoint(R) iPhone App from Coulomb Technologies to easily locate ChargePoint(R) Networked Charging Stations for EVs anywhere in North America and to also see in real time if a charging station is currently available, in use, or out of service.
Using the iPhone or iPod Touch, drivers can use the app to start and stop charging sessions, be notified when their vehicle is fully charged, and get directions to stations. The iPhone application is available at no cost at the iTunes App Store: http://itunes.apple.com/us/app/chargepoint/id356866743
"As part of Car Charging Group's mission to build-out a nationwide car charging infrastructure through partnerships with technology leaders like Coulomb Technologies, this tool will not only assist EV drivers to maximize the use of their vehicles, but also drives traffic to our landowner partners who support zero-emissions transportation infrastructure," said Andy Kinard, President of Car Charging Group, Inc.
Using the ChargePoint iPhone App, EV drivers can now:
Find charging stations near any specified address.
Get turn-by-turn directions to charging stations.
See the real-time availability status of charging stations: Available, In Use, or Out of Service.
Start and Stop charging sessions directly from an iPhone.
Get directions from current location to where the vehicle is charging.
Get status on current or most recent charging session (energy, greenhouse gas savings, time).
Receive real-time notifications of current charging session.
Some features require a ChargePoint(R) Network driver account with an activated ChargePass(TM) card. To create an account, purchase or activate a ChargePass card, go to www.mychargepoint.net and click Sign Up.
About Car Charging Group, Inc.
Car Charging Group, Inc. is an owner and provider of electric car charging stations with the mission to build-out a nationwide infrastructure, enabling vehicle owners to charge their electric cars anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle car charging units and works with its landowner partners to identify appropriate locations for its charging stations. The Company seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
With an estimated 40 million plug-in electric vehicles on the road by 2030, the need to establish charging station networks throughout the transportation infrastructure is critical to providing easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging stations. The Company initially plans to launch its service in the South Florida market and expand nationally and internationally over time.
Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.carcharging.com
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.
Contact:
Car Charging Group, Inc.
Press Contact:
Joanne Kaniewski
201.465.8019
Fax: 201.649.1081
jkaniewski@beckermanpr.com
One University Plaza, Suite 507
Hackensack, New Jersey 07601
ZA Consulting, Inc.
Investor Relations:
212-505-5976
Monday, March 1, 2010
CCGI Car Charging Group - The hottest company to own in 2010.
CAR CHARGING GROUP
Car Charging Group
, Inc. (OTCBB:CCGI) today announced it has signed an agreement with The Plaza at Oceanside Pompano Beach to install and maintain electric vehicle chargers for its residents.
"We are thrilled to announce this contract with Car Charging Group," said Ari Pearl, the developer of Oceanside. "Teaming up with this innovative company illustrates how cutting-edge our property is. This is a great addition to the World Class amenities we offer to our residents."
Car Charging Group, Inc. is in the business of owning, providing and servicing electric car charging stations in designated parking areas of public and private property, such as multi-family residential and commercial buildings, parking garages, municipalities, sporting venues and other convenient charging locations. The company plans to complete installation of the charging station for Oceanside upon completion of the permitting process. There will be approximately 300-350 parking spaces for residential use, and approximately 150-180 parking spaces available via valet parking in the future.
"The Plaza at Oceanside Pompano Beach is an established condominium community that will benefit greatly from our services. Residents who own electric vehicles will now be able to conveniently charge their vehicles in the comfort of their own homes. As part of our agreement, the condominium association will share in a percentage of the revenue derived from the charging stations," said Andy Kinard, President of Car Charging Group.
Applications are currently being taken for the Nissan Leaf, Chevy Volt, the Fisker Karma, and the Tesla Roadster for delivery in 2010. It is only a matter of time before drivers make the transition from gasoline-powered vehicles to electric vehicles, and we are prepared to help develop an EV charging infrastructure to aid the process.
About Car Charging Group, Inc.
Car Charging Group, Inc. is an owner and provider of electric car charging stations with the mission to build-out a nationwide infrastructure, enabling vehicle owners to charge their electric cars anytime, anywhere. As part of its strategy, the Company owns, provides, installs and maintains electric vehicle car charging units and works with its landowner partners to identify appropriate locations for its charging stations. The Company seeks to provide convenient, safe and affordable charging stations away from home in customer-friendly public locations, including municipalities, shopping malls and parking garages.
With an estimated 40 million plug-in electric vehicles on the road by 2030, the need to establish charging station networks throughout the transportation infrastructure is critical to providing easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging stations. The Company initially plans to launch its service in the South Florida market and expand nationally and internationally over time.
Car Charging Group, Inc. is based in Miami, Florida. The Company's website can be viewed at www.carcharging.com.
About The Plaza at Oceanside
The 17-story luxury condominium includes 186 residences ranging in size from approximately 1,441 square feet to 4,500 square feet, with two- and three-bedroom sky residences, expansive lofts, and six spectacular penthouses. The attention to detail is carried through each spacious apartment, elegantly appointed with top of the finishes and appliances from Viking and Poggenpohl.
The Plaza at Oceanside's inspired amenities collection was designed by the award-winning Interiors by Steven G. Indoor amenities include a club room and bar with adjoining outdoor terrace, virtual reality golf simulator room, theatre with reclining leather seating and state-of-the-art surround system, fitness center featuring cutting edge cardiovascular and strength training equipment from Star Trac, and a spa with sauna and massage treatment room. There is also a billiards room with poker tables and bar, a cigar humidor room and adjacent wine storage and tasting room with extended marble table, media lounge, and a news cafe with multiple flat screens.
Outside, Oceanside is a private beach club-style paradise with the infinity edge resort pool surrounded by an ample deck for lounging and a bar and grill for al fresco dining. There are two hard surface championship tennis courts with spectator's pavilion, a rolling events lawn and a fireplace court.
Second home seekers from far and wide are flocking to Oceanside to take advantage of sweeping Atlantic Ocean and Intracoastal Waterway views, spacious and elegant homes, impeccable personalized service and a show-stopping array of lifestyle offerings on par with the finest private resorts in the world.
Forward-Looking Safe Harbor Statement:
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act. The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Those statements include statements regarding the intent, belief or current expectations of Car Charging Group, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed.
Contact:
Car Charging Group, Inc.
Press:
Joanne Kaniewski
201.465.8019
Fax: 201.649.1081
jkaniewski@beckermanpr.com
One University Plaza, Suite 507
Hackensack, New Jersey 07601
ZA Consulting, Inc.
Investor Relations
305-521-0150
Thursday, February 25, 2010
GREAT NEWS FOR HYBRID CAR OWNERS
GREAT NEWS FOR HYBRID CAR OWNERS
The real thing is finally coming
When Hybrid cars first arrived on the scene in the 1990’s many of us who cared about our environment were the first purchasers of such cars. Later on as governmental tax rebates coupled by better looking, faster sleeker cars more main stream people began to purchase such cars. When a person drives a Hybrid for the first time they do not see much of a difference until their first traffic stop at an intersection – the engine shuts down and the quite battery kicks in. Your first reaction based on previous experience is to re-start the car, but when the light turns green and the foot hits the gas peddle the car moves into motion until the combustion power kicks in.
A commonality of the gasoline-electric hybrids is that they use their transmission and regenerative braking to recharge their battery pack. What does this all mean, perhaps some better mileage less pollutants in the air, but most of all, perhaps owning a Hybrid serves as the proverbial “slap on the shoulder” for doing well on the environment.
The reality however is quite different; a Hybrid still goes to the gas station, fills up at the pump and leaves the hydro carbons in the air. Regular combustion engine cars that are designed for fuel efficiency also match many of the Hybrids in pollutant release and mileage. So what is a Hybrid exactly? I believe Carlos Ghosn CEO and President of Renault of France and Nissan of Japan put it quite nicely when he said Hybrids are like mermaids when you want fish you get a woman and when you need a woman you get a fish. Meaning a Hybrid does can not compete with a regular car and it isn’t an electric vehicle either. So what’s the great news for Hybrid car owners? The great news is that thanks to a combination of government polices, car manufacturing commitments and the building of an infrastructure, Hybrid owners will soon be able to trade their mermaids for either a next generation hybrid whose electric power is not fed by a combustions engine, but is able to plug in, or for us “Greenies” purchase a fully 100% functioning Electric Car.
Just look at the numbers there are currently eighty-two electric car manufacturers in the world in the US alone the number is over thirty. Nissan, Renault and General Motors, Honda just to name a few are mass producing the electric cars and the new Hybrids where they can actually plug in and run on their battery leaving the gas as an emergency reserve.
This leaves us with an electric charging infrastructure for all those future cars to charge their cars. With what could only be described as monumental, Car Charging Group Inc a publicly traded company on the OTCBB as CCGI has already begun to build what will be the largest electric charging station infrastructure network in the United States. Imagine, seeing chargers in your building at work, home, government office, mall, hotel, or just in any parking lot. CCGI is doing just that county by county, city by city and town by town. How are they accomplishing that? They have a unique business model, strong leadership and a determination to make a difference. To quote from their web site:
“Dealers and distributors SELL charging units which requires a capital outlay by the business / property owner for the units themselves as well as installation costs and municipal permitting fees. Once they are sold, the dealers and distributors have nothing more to do with them. We do not sell our units. We provide, install, maintain and service the units at no cost to the business / property owner. We provide a service for a fee borne only by the EV owner.”
This model definitely is the way to go as it allows for rapid growth. Since the site owner i.e., a hotel or municipality do not pay for the outlay and can provide their customers and citizens respectively, with the ability to drive their electric car at a convenient location to charge.
Additionally, the CCGI strategy is well grounded. According to CCGI, the government is estimating approximately 40 million plug-in electric vehicles on the road by 2030, the need to establish charging station networks throughout the transportation infrastructure is critical to providing easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging stations. The Company initially plans to launch its service in the South Florida market and expand nationally and internationally over time. Car Charging Group, Inc., is based in Miami, Florida
Welcome to a new world.
The real thing is finally coming
When Hybrid cars first arrived on the scene in the 1990’s many of us who cared about our environment were the first purchasers of such cars. Later on as governmental tax rebates coupled by better looking, faster sleeker cars more main stream people began to purchase such cars. When a person drives a Hybrid for the first time they do not see much of a difference until their first traffic stop at an intersection – the engine shuts down and the quite battery kicks in. Your first reaction based on previous experience is to re-start the car, but when the light turns green and the foot hits the gas peddle the car moves into motion until the combustion power kicks in.
A commonality of the gasoline-electric hybrids is that they use their transmission and regenerative braking to recharge their battery pack. What does this all mean, perhaps some better mileage less pollutants in the air, but most of all, perhaps owning a Hybrid serves as the proverbial “slap on the shoulder” for doing well on the environment.
The reality however is quite different; a Hybrid still goes to the gas station, fills up at the pump and leaves the hydro carbons in the air. Regular combustion engine cars that are designed for fuel efficiency also match many of the Hybrids in pollutant release and mileage. So what is a Hybrid exactly? I believe Carlos Ghosn CEO and President of Renault of France and Nissan of Japan put it quite nicely when he said Hybrids are like mermaids when you want fish you get a woman and when you need a woman you get a fish. Meaning a Hybrid does can not compete with a regular car and it isn’t an electric vehicle either. So what’s the great news for Hybrid car owners? The great news is that thanks to a combination of government polices, car manufacturing commitments and the building of an infrastructure, Hybrid owners will soon be able to trade their mermaids for either a next generation hybrid whose electric power is not fed by a combustions engine, but is able to plug in, or for us “Greenies” purchase a fully 100% functioning Electric Car.
Just look at the numbers there are currently eighty-two electric car manufacturers in the world in the US alone the number is over thirty. Nissan, Renault and General Motors, Honda just to name a few are mass producing the electric cars and the new Hybrids where they can actually plug in and run on their battery leaving the gas as an emergency reserve.
This leaves us with an electric charging infrastructure for all those future cars to charge their cars. With what could only be described as monumental, Car Charging Group Inc a publicly traded company on the OTCBB as CCGI has already begun to build what will be the largest electric charging station infrastructure network in the United States. Imagine, seeing chargers in your building at work, home, government office, mall, hotel, or just in any parking lot. CCGI is doing just that county by county, city by city and town by town. How are they accomplishing that? They have a unique business model, strong leadership and a determination to make a difference. To quote from their web site:
“Dealers and distributors SELL charging units which requires a capital outlay by the business / property owner for the units themselves as well as installation costs and municipal permitting fees. Once they are sold, the dealers and distributors have nothing more to do with them. We do not sell our units. We provide, install, maintain and service the units at no cost to the business / property owner. We provide a service for a fee borne only by the EV owner.”
This model definitely is the way to go as it allows for rapid growth. Since the site owner i.e., a hotel or municipality do not pay for the outlay and can provide their customers and citizens respectively, with the ability to drive their electric car at a convenient location to charge.
Additionally, the CCGI strategy is well grounded. According to CCGI, the government is estimating approximately 40 million plug-in electric vehicles on the road by 2030, the need to establish charging station networks throughout the transportation infrastructure is critical to providing easy access to energy everywhere drivers live and work. By investing at the forefront of the electric car revolution, Car Charging Group seeks to become the leading provider of electric car charging stations. The Company initially plans to launch its service in the South Florida market and expand nationally and internationally over time. Car Charging Group, Inc., is based in Miami, Florida
Welcome to a new world.
Thursday, February 18, 2010
Car Charging Companies and Investing in Real Estate.
Strange as it sounds in the post real estate fiasco of 2007-2208, a few companies I read about are doing just that. No they are not investing in warehouses, apartments, or houses. What they are interested in is a small piece of real estate the size of your parking spot. In fact, it is you parking spot they are looking for.
What was once a “Chicken or the Egg” debate with Electric cars has been decided for the most part by US government policy. The US is providing many incentives for the development and manufacturing Electric vehicles and its infrastructure. A company such as Tesla Motors would not have been where it is today, or where it will be tomorrow without the benefit of such governmental policies. Other companies the see the writing on the wall,or in this case the cord in the wall, are Car Charging Group Inc. and Better Place. They both have embarked albeit different models to build the US EV infrastructure. Better Place seems to focus on the complete value chain in EV process - from selling their own car for their own charging network (your parking spot), their own chargers and technology.
Their model is complex with little room for flexibility to market reactions. We saw this once before when both Apple Computer and Microsoft first came on to the scene. Apple's approach was similar to Better Place and they never until recently had any serious growth. Microsoft on the other hand used a different model where they licensed their technology to everyone. They went on grow onto a colossus. Car Charging Group Inc., CCGI is taking a similar fundamental approach – the real estate. The more spaces, the more charges the more use. CCGI models allows for agility in the use of multiple technologies. This leaves them with the core business of getting the real estate for the infrastructure (your parking spot). Look at it this way. Many municipalities are holding tenders to purchase EV charges for their cities and CCGI offers them the machines for $0.0 with a revenue share. You do the math.
What was once a “Chicken or the Egg” debate with Electric cars has been decided for the most part by US government policy. The US is providing many incentives for the development and manufacturing Electric vehicles and its infrastructure. A company such as Tesla Motors would not have been where it is today, or where it will be tomorrow without the benefit of such governmental policies. Other companies the see the writing on the wall,or in this case the cord in the wall, are Car Charging Group Inc. and Better Place. They both have embarked albeit different models to build the US EV infrastructure. Better Place seems to focus on the complete value chain in EV process - from selling their own car for their own charging network (your parking spot), their own chargers and technology.
Their model is complex with little room for flexibility to market reactions. We saw this once before when both Apple Computer and Microsoft first came on to the scene. Apple's approach was similar to Better Place and they never until recently had any serious growth. Microsoft on the other hand used a different model where they licensed their technology to everyone. They went on grow onto a colossus. Car Charging Group Inc., CCGI is taking a similar fundamental approach – the real estate. The more spaces, the more charges the more use. CCGI models allows for agility in the use of multiple technologies. This leaves them with the core business of getting the real estate for the infrastructure (your parking spot). Look at it this way. Many municipalities are holding tenders to purchase EV charges for their cities and CCGI offers them the machines for $0.0 with a revenue share. You do the math.
Better Place, is it really Better?
I recommend to anyone with an interest in the environment and in particular, the electric car revolution that is coming to a place near you, view this professionally made video about Better Place. It's really worth it.
http://www.youtube.com/watch?v=bp78rfNkfrY&NR=1
Kudos to Better Place for brings the vision of Electric Vehicles to the main stream.
When viewing it a second time however, I noticed there was a reoccurring theme – they are making deals with governments, with car manufactures and in Israel’s case, plans to install hundreds of thousands of charges all over the country. What strikes me as odd is that it seems that they are looking to control the entire EV infrastructure. Imagine one company to fill up your gas tank, one company to use a mobile phone, one company controlling media. Personally, I find it pretty freighting.
Think about it; according to the video Better Place wants you to buy an EV from them, connect to their charger and have a computerized system that tells you where to “juice up” or, replace a battery and guess what –they also tell you what to pay.
A similar correlation may be found in US history with Standard Oil and ATT. Both companies had their roots in the late 19th and early 20th century America. Standard oil was begun and controlled by John D. Rockefeller and for a while controlled every aspect of oil in the USA - from drilling, processing distribution all the way to the end user. Remember ATT? They were once the only telephone company - everywhere. They owned the infrastructure, cables and everything; even one’s telephone. Thanks to US anti trust laws, they were declared monopolies and soon enough “broken up.” If that never happened imagine what the world would look like today without competition and innovation.
I do not see Better Place having hegemony in the USA, for starters Americans like to have competition, it creates flavor, innovation and most of all lower prices for you and me. Car Charging Group Inc., a public company trading as CCGI, is the only company I know that is actively building an EV infrastructure. They offer a unique business model and have recently expanded overseas. CCGI’s contribution to the US EV infrastructure as with others will truly provide a better place for all.
http://www.youtube.com/watch?v=bp78rfNkfrY&NR=1
Kudos to Better Place for brings the vision of Electric Vehicles to the main stream.
When viewing it a second time however, I noticed there was a reoccurring theme – they are making deals with governments, with car manufactures and in Israel’s case, plans to install hundreds of thousands of charges all over the country. What strikes me as odd is that it seems that they are looking to control the entire EV infrastructure. Imagine one company to fill up your gas tank, one company to use a mobile phone, one company controlling media. Personally, I find it pretty freighting.
Think about it; according to the video Better Place wants you to buy an EV from them, connect to their charger and have a computerized system that tells you where to “juice up” or, replace a battery and guess what –they also tell you what to pay.
A similar correlation may be found in US history with Standard Oil and ATT. Both companies had their roots in the late 19th and early 20th century America. Standard oil was begun and controlled by John D. Rockefeller and for a while controlled every aspect of oil in the USA - from drilling, processing distribution all the way to the end user. Remember ATT? They were once the only telephone company - everywhere. They owned the infrastructure, cables and everything; even one’s telephone. Thanks to US anti trust laws, they were declared monopolies and soon enough “broken up.” If that never happened imagine what the world would look like today without competition and innovation.
I do not see Better Place having hegemony in the USA, for starters Americans like to have competition, it creates flavor, innovation and most of all lower prices for you and me. Car Charging Group Inc., a public company trading as CCGI, is the only company I know that is actively building an EV infrastructure. They offer a unique business model and have recently expanded overseas. CCGI’s contribution to the US EV infrastructure as with others will truly provide a better place for all.
Sunday, February 14, 2010
Two Companies that will make a difference in our lives.
While many pundits are focused on ideas of what to do with global warming, pollution, or the price of tea in China, others are taking up the challenge to combat our environmental and are actually doing something about it.
Better Place LLC., BP and Car Charging group Inc., CCGI are companies that have thrown in the gauntlet by helping us get closer to the realization of driving electric powered vehicles. Both these companies believe that a major source of pollutants that contributes significantly to global warming come from car exhaust. Both BP and CCGI believe that in order to have people drive electric cars there has to be an infrastructure ready before consumers fee comfortable enough to take the "leap." As CCGI put it so eloquently "... the arrival of electric vehicles and believes that it is at the forefront of the electric vehicle revolution. " " The arrival of electric vehicles requires the construction of a network of geographically dispersed charging stations that will provide ready access to electricity and alleviate consumers' "range anxiety" fears."
Its not too often a generation gets to see a new transportation infrastructure being created.
Way to go!!!
Better Place LLC., BP and Car Charging group Inc., CCGI are companies that have thrown in the gauntlet by helping us get closer to the realization of driving electric powered vehicles. Both these companies believe that a major source of pollutants that contributes significantly to global warming come from car exhaust. Both BP and CCGI believe that in order to have people drive electric cars there has to be an infrastructure ready before consumers fee comfortable enough to take the "leap." As CCGI put it so eloquently "... the arrival of electric vehicles and believes that it is at the forefront of the electric vehicle revolution. " " The arrival of electric vehicles requires the construction of a network of geographically dispersed charging stations that will provide ready access to electricity and alleviate consumers' "range anxiety" fears."
Its not too often a generation gets to see a new transportation infrastructure being created.
Way to go!!!
What will happen when oil prices leap?
In an article published in the Guardian on June of 2009 see http://www.guardian.co.uk/business/2009/jun/10/oil-market-reserves, there was a prediction of “$250 a barrel on fears for oil reserves, hopes of economic recovery and hedging against weak dollar . “The price of oil burst through the $71 a barrel mark today amid revelations that proven reserves had fallen for the first time in 10 years and predictions that the price could eventually hit $250.” What does this mean for the gas pumps? Well if recent history is any indication it could go over $6.00 a gallon. What does this mean for the motorist? Either dress down and travel less or just liberate yourselves and go electric. I found a company that is actually preparing the infrastructure that will give Americans an alternative choice of paying a high price for smog or what will be a cheaper and greener automobile energy source. Car Charging Group Inc, CCGI is leading the way by providing us now with a clean electric vehicle charging station infrastructure throughout the Untied States. Just check out the CCGI site and you will see for yourselves – their investment in our future.
Tuesday, February 9, 2010
Way to go Nissan!!
Source: Oz Car Guide
February 08, 2010
According to and article found in the OZ Car Guide, Nissan will stick to its original target of $200,000 batteries and 150,000 Electric cars.
Katherine Zachary, spokeswoman for Nissan North American Inc., says that due to the company’s improved efficiencies in the original construction plan of the U.S electric vehicle assembly line and battery plant, the investment amount has been reduced by $200 million.
A few months back, Nissan applied for low interest loans under the Department of Energy's Advanced Technology Vehicle Manufacturing Incentive Program. Nissan would have to use the loan to build something in the U.S. in order to qualify it. So Nissan planned to build electric vehicles at its Smyrna, Tennessee assembly plant and applied for a $1.6 billion loan for an estimated $2 billion project. The amount finally approved by DOE was $1.44billion.
So now that we are going to breath a little better, where will these 150,000 cars get charged? My money is on Car Charging Group Inc. CCGI - a publicly traded company that seems to be making all the right moves.
According to their web site, CCGI is already on the move to make sure that EV in the United States will have a place to go to where ever local to charge up.
February 08, 2010
According to and article found in the OZ Car Guide, Nissan will stick to its original target of $200,000 batteries and 150,000 Electric cars.
Katherine Zachary, spokeswoman for Nissan North American Inc., says that due to the company’s improved efficiencies in the original construction plan of the U.S electric vehicle assembly line and battery plant, the investment amount has been reduced by $200 million.
A few months back, Nissan applied for low interest loans under the Department of Energy's Advanced Technology Vehicle Manufacturing Incentive Program. Nissan would have to use the loan to build something in the U.S. in order to qualify it. So Nissan planned to build electric vehicles at its Smyrna, Tennessee assembly plant and applied for a $1.6 billion loan for an estimated $2 billion project. The amount finally approved by DOE was $1.44billion.
So now that we are going to breath a little better, where will these 150,000 cars get charged? My money is on Car Charging Group Inc. CCGI - a publicly traded company that seems to be making all the right moves.
According to their web site, CCGI is already on the move to make sure that EV in the United States will have a place to go to where ever local to charge up.
Healthy Commuting with a Kick
I read the article in EV.com which clearly may show a new trend to keep healthy without all the sweat. http://www.ev.com/ev-guides/ev-2-wheelers/mini-bikes/commuting-to-work-via-electric-bicycle-is-no-sweat.html
Some Excerpts:
“Seeing a bevy of briefcases and bicycle helmets on the way to/from work seems to be a new trend!
These new ebikes (electric bicycles or hybrid bikes) do not require a special license or registration beyond those required for a non-motorized bicycle. Standard road rules apply, which allows one to commute to work or leisurely use designated bike paths and lanes.
When cruising on electric power, this alternate commuter method of getting to work is literally no sweat at all. While all your fellow commuters are stuck in bumper to bumper traffic you’ll be flying by them at speeds up to 28km per hour (17 mph).
Not only does riding an electric bike to work help save the environment, but it can also significantly reduce the amount you currently spend on parking fees and fuel bills. Many people are surprised to find out that the lithium battery pack on these electric bicycles only costs approximately five cents for a full charge. These bikes also use many standard bike parts, so they are cheap to maintain.
For most workers riding a standard bike to and from work, even on days with nice weather can be rather problematic, due to lack of showers or changing facilities at their place of work. However, with an electric bike you have the option of being propelled totally just by electric power, even though you could peddle if you wished to still get a work out.
It is in the best interest of almost any business to install a few more bicycle racks out in the company parking lot, which not only helps the environment by keeping cars off the road, but can also serve as a potential fitness outlet for employees and customers. Studies have shown that paying close attention to personal health and fitness helps to minimize the need for unscheduled doctor’s visits, which in turn lowers overall health care cost.”
Additionally, with companies such as Car Charging Group Inc. CCGI , setting up charging stations all over America, finding a location to charge a bike for 5 cents won’t be difficult at all.
Some Excerpts:
“Seeing a bevy of briefcases and bicycle helmets on the way to/from work seems to be a new trend!
These new ebikes (electric bicycles or hybrid bikes) do not require a special license or registration beyond those required for a non-motorized bicycle. Standard road rules apply, which allows one to commute to work or leisurely use designated bike paths and lanes.
When cruising on electric power, this alternate commuter method of getting to work is literally no sweat at all. While all your fellow commuters are stuck in bumper to bumper traffic you’ll be flying by them at speeds up to 28km per hour (17 mph).
Not only does riding an electric bike to work help save the environment, but it can also significantly reduce the amount you currently spend on parking fees and fuel bills. Many people are surprised to find out that the lithium battery pack on these electric bicycles only costs approximately five cents for a full charge. These bikes also use many standard bike parts, so they are cheap to maintain.
For most workers riding a standard bike to and from work, even on days with nice weather can be rather problematic, due to lack of showers or changing facilities at their place of work. However, with an electric bike you have the option of being propelled totally just by electric power, even though you could peddle if you wished to still get a work out.
It is in the best interest of almost any business to install a few more bicycle racks out in the company parking lot, which not only helps the environment by keeping cars off the road, but can also serve as a potential fitness outlet for employees and customers. Studies have shown that paying close attention to personal health and fitness helps to minimize the need for unscheduled doctor’s visits, which in turn lowers overall health care cost.”
Additionally, with companies such as Car Charging Group Inc. CCGI , setting up charging stations all over America, finding a location to charge a bike for 5 cents won’t be difficult at all.
Who Feeds The Power?
An Article Published in the Wall Street Journal on December 16, 2009 “The Surge in Electric Cars” by. Joseph B. White.
“Why should anyone buy an electric car? That's going to be a critical question for the auto industry—and the best answer may not be "Because they're green."
“The Obama administration is committing billions of your money to the proposition that electric cars can become a meaningful segment in the U.S. market over the next few years. Faith in the future of such vehicles—which run all or in part on electricity straight from the grid—has waxed and waned many times over the past century, ever since the earliest electric cars were run off the American road by cheaper, more-powerful, more-versatile gasoline-fueled cars.”
Companies such as Renault, Nissan, Tesla and General Motors are among the first companies to mass produce electric vehicles.
• Renault
• Nissan
• Tesla
• General Motors
With Renault scheduled to build over a hundred thousand EVs, a simple questions begs to be asked – who is going to feed the power to the EVs?
I researched and found the following:
• Better Place - A very nice web site, and a great source for information on EVs, and even raised a lots of money, but was unable to find locations.
• Beautiful Earth group - Web site not up, but found an article showing a EV charging station in Brooklyn.
• Solar City - This is a successful solar panel installer/vendor that has ventured into the EV charging space. According to their we site install the products purchased by end users i.e., private, business and municipality and have been quite successful in California.
• Car Charging Group Inc., the first publicly traded company (CCGI) I found in this area, is actually in the business of creating partnerships with various private and public garages. They set up, operate and service the stations. Already they have started ground work for the US infrastructure and are actually signing agreements with parking lots, municipalities throughout the US. It also does not hurt to have a business model that sticks too. According to their web site, unlike the EV charging stations vendors which sell their products to municipalities etc., CCGI places all their EV charging stations without cost to the car lot owner. In fact the private parking lot owner or municipality actually do nothing and share in the revenue with CCGI. Who could beat that?
Sunday, February 7, 2010
Amsterdam picks Coulomb's EV charging stations
I found a wonderful Article in the Cleantech Group Web site dated May 29 2009 http://cleantech.com/news/4518/amsterdam-picks-coulombs-ev-chargin
Showing how the Europeans are taking climate change seriously. The case in point was the City of Amsterdam’s green policy of establishing and Electric Vehicle charging station infrastructure by purchasing EV charging stations from California’s Coulomb Technologies. Other European cities, such as London will also be seeking to establish EV charging Station infrastructure soon. It s no secret that Car companies such as Nissan and Renault will be mass producing EV s shortly and many European cities are preparing for the onslaught of Green cars.
It’s no accident that Coulomb’s EV charging stations were chosen as the technology to deploy. Other companies such as Car charging Group Inc., a Florida based company that currently trades on the OTC.BB on the Symbol of CCGI have adopted the use of the technology into its core business.
According to its web site, CCGI is in the business of owning, providing and servicing electric car charging stations to building owners, parking garages, municipalities, sporting venues. This company has an innovative and unique business model in that venue owner, such as municipalities become partners instead of customers. CCGI provides the financing, technology and expertise and the municipality provides the venue for a revenue share.
Showing how the Europeans are taking climate change seriously. The case in point was the City of Amsterdam’s green policy of establishing and Electric Vehicle charging station infrastructure by purchasing EV charging stations from California’s Coulomb Technologies. Other European cities, such as London will also be seeking to establish EV charging Station infrastructure soon. It s no secret that Car companies such as Nissan and Renault will be mass producing EV s shortly and many European cities are preparing for the onslaught of Green cars.
It’s no accident that Coulomb’s EV charging stations were chosen as the technology to deploy. Other companies such as Car charging Group Inc., a Florida based company that currently trades on the OTC.BB on the Symbol of CCGI have adopted the use of the technology into its core business.
According to its web site, CCGI is in the business of owning, providing and servicing electric car charging stations to building owners, parking garages, municipalities, sporting venues. This company has an innovative and unique business model in that venue owner, such as municipalities become partners instead of customers. CCGI provides the financing, technology and expertise and the municipality provides the venue for a revenue share.
Thursday, February 4, 2010
New Business Model - EV Coulombtech ChargePoint technology provided at no cost.
From the CAR CHARGING GROUP Inc. web site http://www.carcharging.com/index.html, trading as CCGI on the OTC BB.
We will install and retain ownership of electric car charging stations in consumer convenient locations throughout North America. We anticipate locking down numerous convenient locations so as to provide ultimately easy access to the end user: the electric car owner.
The charging stations are manufactured by Coulomb Technologies http://www.coulombtech.com, the industry leader in electric charging stations. Through our relationship with NovaCharge, a direct distributor of the ChargePoint™ system, we are able to provide the business/property owner with the ChargePoint™ system at no cost.
We will install and retain ownership of electric car charging stations in consumer convenient locations throughout North America. We anticipate locking down numerous convenient locations so as to provide ultimately easy access to the end user: the electric car owner.
The charging stations are manufactured by Coulomb Technologies http://www.coulombtech.com, the industry leader in electric charging stations. Through our relationship with NovaCharge, a direct distributor of the ChargePoint™ system, we are able to provide the business/property owner with the ChargePoint™ system at no cost.
Electric Car Charging Stations En Route
By Alyssa Danigelis | Fri Jan 29, 2010 04:12 PM ET
With all the electric vehicles on deck, I wonder how recharging them all on the road will actually go. Fast and easy, or like searching an old airport terminal for a place to charge a laptop? New stations could settle it.
In California, several companies have big plans. Electric systems tech company AeroVironment announced a partnership with EV-maker Think to make fast-charging stations. Coulomb Technologies announced a similar deal with Aker Wade Power Technologies to produce stations this fall. Better Place envisions a complete charging network that includes battery switch stations for drivers on long trips. (Todd Woody wrote a Green Inc. post today about lingering regulatory questions over charging stations in California.) Meanwhile utilities around the country, including Pepco in D.C., are racing to study how different charging stations will affect the grid.
Last year the DOE announced a massive grant to the Electric Transportation Engineering Corp. to install 2,500 charging stations in each of five markets: Arizona, California, Oregon, Tennessee, and Washington. The EV Project calls for several hundred of these stations to be fast-charging systems that can charge the vehicle 80 percent in a mere 15 minutes. No one is sure about the pricing for any of this yet, though. We'll have to see what happens when the project gets under way this summer.
One volunteer effort, the EV Charger Map, shows existing station locations--mostly in California--and displays user comments with details like charge time, cost, and warnings ("The Toyota SPI charger has been malfunctioning for a few weeks now"). Maybe this is what it was like in the Model T era. If the map is any indication, we've still got a way to before getting to fast and easy.
Photo: An EV charging station in Portland, Oregon, at the Oregon Museum of Science and Industry. Credit: Pam and Frank on Flickr.
Electric Car Charging Station Debuts at The Market At Fairhaven
posted on January 18, 2010 08:43 Thrifty Foods.com
First Supermarket Location Nationwide
The first networked electric car charging station in Bellingham, the first north of Hillsboro, OR and the first at a grocery store anywhere in the United States, debuted at the newly remodeled Market at Fairhaven in December.
The station, which is free to use, is a place where electric car vehicles can plug in while shopping at The Market, recharging for the trip home or future travel around town.
"We decided to offer the charging station because of the greater Bellingham community's interest in green technology and the large number of people who already drive hybrids," Kevin Weatherill, President/CEO of The Markets, explained. He added that the expected growth of plug-in cars raises the critical question: Where will these cars be plugged in?
The networked charging station was developed by Coulomb Technologies of Campbell, CA, the leader in electric vehicle charging station infrastructure. Charge Northwest is the infrastructure agent and authorized distributor of ChargePoint Networked Charging Stations from Coulomb in the Northwest.
These early models of all-electric cars have a limited range, requiring the operators to "top off" their battery when away from their normal overnight charging locations. Studies show that 80% of electric vehicle car owners want to charge more than once a day. Having a convenient public charging location, like The Market at Fairhaven's, will ease the way for electric cars into the community.
Generally, it takes four to six hours to fully charge a completely depleted battery, but most electric vehicle owners will use the opportunity to "top off" their car while running errands. A half hour of shopping at The Market will result in about a 10% charge, which is enough to add another 10 miles or so.
"Many of our customers shop several times a week, so it's easy to plug in while they are stopping by," Weatherill explained. "Having a charging station in our parking lot, clearly marked, just makes good sense."
And why electric vehicles? President Obama has challenged the automakers to produce one million electric vehicles, road-ready, by 2015. Early adopters are already converting hybrids to all-electric. Using electricity is a clean solution to the problem of green house gases, and also reduces the dependence on foreign oil gas-powered cars require.
Progressive communities, such as Bellingham, WA, which has undertaken a Community Energy Challenge (reducing substantially the area's consumption of electricity and natural gas) are embracing electric vehicles.
"Having a free community charging station, whether it's for our local customers, or people traveling the I-5 corridor who need a place to "re-fuel", is important," Weatherill noted. "We are proud to be able to offer this service as part of our ongoing commitment to environmentally-sensitive iniatives, such as our S.O.R.T. It! recycling program and our "pay it forward" reusable bags."
There are estimated to be about 1,000 electric vehicles in Washington, which includes conversions, plug-in hybrid conversions, neighborhood electric vehicles and electric motorbikes.
With all the electric vehicles on deck, I wonder how recharging them all on the road will actually go. Fast and easy, or like searching an old airport terminal for a place to charge a laptop? New stations could settle it.
In California, several companies have big plans. Electric systems tech company AeroVironment announced a partnership with EV-maker Think to make fast-charging stations. Coulomb Technologies announced a similar deal with Aker Wade Power Technologies to produce stations this fall. Better Place envisions a complete charging network that includes battery switch stations for drivers on long trips. (Todd Woody wrote a Green Inc. post today about lingering regulatory questions over charging stations in California.) Meanwhile utilities around the country, including Pepco in D.C., are racing to study how different charging stations will affect the grid.
Last year the DOE announced a massive grant to the Electric Transportation Engineering Corp. to install 2,500 charging stations in each of five markets: Arizona, California, Oregon, Tennessee, and Washington. The EV Project calls for several hundred of these stations to be fast-charging systems that can charge the vehicle 80 percent in a mere 15 minutes. No one is sure about the pricing for any of this yet, though. We'll have to see what happens when the project gets under way this summer.
One volunteer effort, the EV Charger Map, shows existing station locations--mostly in California--and displays user comments with details like charge time, cost, and warnings ("The Toyota SPI charger has been malfunctioning for a few weeks now"). Maybe this is what it was like in the Model T era. If the map is any indication, we've still got a way to before getting to fast and easy.
Photo: An EV charging station in Portland, Oregon, at the Oregon Museum of Science and Industry. Credit: Pam and Frank on Flickr.
Electric Car Charging Station Debuts at The Market At Fairhaven
posted on January 18, 2010 08:43 Thrifty Foods.com
First Supermarket Location Nationwide
The first networked electric car charging station in Bellingham, the first north of Hillsboro, OR and the first at a grocery store anywhere in the United States, debuted at the newly remodeled Market at Fairhaven in December.
The station, which is free to use, is a place where electric car vehicles can plug in while shopping at The Market, recharging for the trip home or future travel around town.
"We decided to offer the charging station because of the greater Bellingham community's interest in green technology and the large number of people who already drive hybrids," Kevin Weatherill, President/CEO of The Markets, explained. He added that the expected growth of plug-in cars raises the critical question: Where will these cars be plugged in?
The networked charging station was developed by Coulomb Technologies of Campbell, CA, the leader in electric vehicle charging station infrastructure. Charge Northwest is the infrastructure agent and authorized distributor of ChargePoint Networked Charging Stations from Coulomb in the Northwest.
These early models of all-electric cars have a limited range, requiring the operators to "top off" their battery when away from their normal overnight charging locations. Studies show that 80% of electric vehicle car owners want to charge more than once a day. Having a convenient public charging location, like The Market at Fairhaven's, will ease the way for electric cars into the community.
Generally, it takes four to six hours to fully charge a completely depleted battery, but most electric vehicle owners will use the opportunity to "top off" their car while running errands. A half hour of shopping at The Market will result in about a 10% charge, which is enough to add another 10 miles or so.
"Many of our customers shop several times a week, so it's easy to plug in while they are stopping by," Weatherill explained. "Having a charging station in our parking lot, clearly marked, just makes good sense."
And why electric vehicles? President Obama has challenged the automakers to produce one million electric vehicles, road-ready, by 2015. Early adopters are already converting hybrids to all-electric. Using electricity is a clean solution to the problem of green house gases, and also reduces the dependence on foreign oil gas-powered cars require.
Progressive communities, such as Bellingham, WA, which has undertaken a Community Energy Challenge (reducing substantially the area's consumption of electricity and natural gas) are embracing electric vehicles.
"Having a free community charging station, whether it's for our local customers, or people traveling the I-5 corridor who need a place to "re-fuel", is important," Weatherill noted. "We are proud to be able to offer this service as part of our ongoing commitment to environmentally-sensitive iniatives, such as our S.O.R.T. It! recycling program and our "pay it forward" reusable bags."
There are estimated to be about 1,000 electric vehicles in Washington, which includes conversions, plug-in hybrid conversions, neighborhood electric vehicles and electric motorbikes.
Companies that are creating the EV infrustructure in the USA
I found this in Mother nature.com an article written by Jim Motavalli
We’ll be able to plug in. EVs can’t happen unless there are also charging networks, but fortunately that’s happening. Companies like Better Place, Coulomb, Aerovironment and the Car Charging Group are all busily trying to get infrastructure built, and far-thinking auto companies, including Nissan and Tesla, are helping them.
We’ll be able to plug in. EVs can’t happen unless there are also charging networks, but fortunately that’s happening. Companies like Better Place, Coulomb, Aerovironment and the Car Charging Group are all busily trying to get infrastructure built, and far-thinking auto companies, including Nissan and Tesla, are helping them.
How serious is the US about Electric cars?
The US government had made unprecedented loans and grants that both small and big businesses. Whether it is for the actual manufacturing of a new car, or to startup companies looking to capitalize on new infrastructure technologies, governments have committed to spending billions of dollars to see that the electric vehicle industry as a whole will succeed. Recently, the Fisker Auto Company received a $529M loan from the US Government to help build a hybrid sports car. The Ford Motor company was awarded a $5.9 billion loan in June of this year. Tesla Motors, Silicon Valley’s electric car manufacturer, received a $465 million loan. All of the aforementioned loans came from the US Government’s $25 billion program to be used solely for development of electric/plug-in hybrid vehicles.
According to J.D. Powers, by 2012 up to 10% of all new vehicle sales in the U.S. will be alternative vehicles (defined as including both hybrid and all electric vehicles). Additionally, research from Alliance Bernstein suggests that by 2015, 50% of all new vehicle sales globally will be alternative vehicles. This could equate to sales of over 10 million alternative vehicles in the U.S. alone.
According to J.D. Powers, by 2012 up to 10% of all new vehicle sales in the U.S. will be alternative vehicles (defined as including both hybrid and all electric vehicles). Additionally, research from Alliance Bernstein suggests that by 2015, 50% of all new vehicle sales globally will be alternative vehicles. This could equate to sales of over 10 million alternative vehicles in the U.S. alone.
. Interesting Data regarding the need for a US EV charging infrastructure.
40 percent of U.S. residences don't have even a carport, much less a garage, in which a plug in vehicle can recharge overnight. According to government statistics, there are 247 million cars in the U.S. today and only 54 million garages. Garages are most frequently lacking in dense urban areas, the very places where a medium-range electric vehicle is an ideal solution for personal transportation. For example, in San Francisco only one in six cars is parked in a private garage. In suburban areas, people living in apartment complexes and condominiums also need a place to "plug in." In addition to the lack of garage access, the limited electricity-only range of early plug-in vehicles will prompt the desire for drivers to "top off" their batteries when away from their normal overnight charging location. Prospective plug-in car owners want the assurance that they can charge their vehicles while at work, shopping or parked anywhere away from home "just in case." Recent studies of drivers of early custom and "kit" electric vehicles confirm this behavior.
Why electric vehicles are so attractive and who’s investing in them?
Why electric vehicles are so attractive and who’s investing in them?
Warren Buffett did. “(I made an investment) in a company called BYD and they develop a really good electric car I hope.” - Warren Buffet
We are looking for St. Bernards, not Chihuahuas” - Warren Buffett
On 09/27/08, Berkshire Hathaway bought 225 million shares for $231 million representing 10% of BYD; David Sokol joined BYD Board of Directors. Given Bershires Hathaway’s hurdle rate and track record, this should make investors think seriously about green cars and the infrastructure that supports it.
Wednesday, February 3, 2010
Form 8-K/A for CAR CHARGING GROUP, INC.
Form 8-K/A for CAR CHARGING GROUP, INC.
3-Feb-2010
Entry into a Material Definitive Agreement, Completion of Acquisition
Item 1.01 Entry Into Material Definitive Agreement
Share Exchange Agreement
As more fully described in Item 2.01 below, on December 7, 2009, we entered into a Share Exchange Agreement (the "Share Exchange Agreement") by and between New Image Concepts, Inc., a Nevada corporation (the "Company") and Car Charging, Inc., a Delaware corporation ("Car Charging"). The closing of the transaction (the "Closing") took place on December 7, 2009 (the "Closing Date").
At Closing, pursuant to the majority consent of our board of directors and shareholders, we (i) approved an amendment to our Articles of Incorporation changing our name to Car Charging Group, Inc.; and (ii) approved the authorization of 20,000,000 shares of preferred stock of the Company. Additionally, we filed a Certificate of Designation with the state of Nevada designating rights to the authorized preferred stock of the Company (the "Series A Convertible Preferred Stock"), attached hereto as Exhibit 3.2.
Pursuant to the Share Exchange Agreement, we issued 50,000,000 shares of our common stock to the shareholders of Car Charging, representing 66.8% of the Company's issued and outstanding stock and 10,000,000 Series A Convertible Preferred Stock, which is more fully discussed in Item 2.01 of this Current Report.
This transaction is more fully discussed in Item 2.01 of this Current Report. This brief discussion is qualified by reference to the provisions of the Share Exchange Agreement which is attached in full to this Current Report as Exhibit 2.1.
Financing Transaction
In connection with the closing of the Share Exchange Agreement, on December 7, 2009, we entered into a Subscription Agreement for the sale of units of securities of the Company aggregating $920,000 (the "Subscription Agreement"), attached hereto as Exhibit 4.1. Each unit of securities consist of: one (1) share of Company common stock, $0.001 par value per share (the "Common Stock"); and (ii) a Class A warrant (the "Warrant") to purchase an additional number of shares equal to 100% of the Common Stock with an exercise price of $0.60/share. The purchase price is $0.30 per unit. The Subscription Agreement and Warrant shall be referred to as the "Financing Documents."
The financing closed simultaneously with the Share Exchange Agreement and the Company issued 3,066,665 shares of common stock and warrants to the subscribers (collectively, the "Investors").
Item 2.01 Completion of Acquisition and Disposition of Assets
CLOSING OF SHARE EXCHANGE AGREEMENT
On the Closing Date, pursuant to the Share Exchange Agreement, the shareholders of Car Charging exchanged 1,000 shares of common stock of Car Charging, representing 100% of the issued and outstanding stock of Car Charging, for: (i) 50,000,000 newly issued shares of the Company's common stock, par value $0.001 per share, representing 66.8% of the Company's issued and outstanding common stock; and (ii) 10,000,000 shares of our Series A Convertible Preferred Stock.
Simultaneous to the Closing and pursuant to the majority consent of the Company's board of directors and shareholders, the Company changed its name to Car Charging Group, Inc. and approved the authorization of 20,000,000 shares of preferred stock of the Company and approved a 6.6-for-1 forward split of our common stock, which was declared effective by FINRA on October 22, 2009.
Pursuant to the terms of the Share Exchange Agreement, Belen Flores agreed to cancel 277,200,000 shares of the Company's common stock held in her name.
Additionally, simultaneous to the Closing, we closed on a financing transaction in the aggregate amount of $920,000 and issued 3,066,665 shares of common stock and warrants to be exercised into 3,066,665 shares of common stock to certain accredited investors.
As more fully described in Item 5.02 below, on the Closing Date, Belen Flores, the sole officer and director of the Company, resigned from all positions held and we simultaneously appointed executive officers and three members of the Board of Directors of the Company. The Board of Directors now consists of three members, each serving terms until a vote can take place at the next annual meeting of the Company, pursuant to the By-laws of the Company.
- 3 -
BUSINESS
General
We intend to be an owner, provider and servicer of electric car charging stations to building owners, parking garages, municipalities, sporting venues
(e.g. football and baseball stadiums, as well as basketball and hockey arenas)
and ultimately to provide the ability for the EV owner to have charging services in public areas on our network. Our Company provides and installs car charging stations at public locations at no cost to the landowner. Further, our Company is able to facilitate the purchase of a car charging station through our subsidiary, eCharging Stations, LLC. We anticipate such sales will generate continuous income for our Company. We plan on subcontracting to certain approved local vendors the actual installation work and maintenance of the charging stations.
While the electric vehicle industry is still in a developmental phase, our Company firmly believes that it is important to be at the forefront of infrastructure development of the industry. In order for electric vehicles to become a mainstream reality, charging stations need to be in place and readily available.
. . .
Item 3.02 Unregistered Sales of Equity Securities
Pursuant to the Share Exchange Agreement, on December 7, 2009, we issued 50,000,000 shares of our common stock to the shareholders of Car Charging, Inc., in exchange for the shares held by these shareholders pursuant to the Share Exchange Agreement. Such securities were not registered under the Securities Act of 1933. The issuance of these shares was exempted from registration pursuant to
Section 4(2) of the Securities Act of 1933. We made this determination based on the representations that the Car Charging Shareholders were either (a) "accredited investors" within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, or (b) not a "U.S. person" as that term is defined in Rule 902(k) of Regulation S under the Act, and that the Car Charging Shareholders were acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents and not with a view to the resale or distribution thereof, and that the Car Charging Shareholders understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
As referenced in Item 1.01, the Company entered into a financing transaction with certain accredited investors. Pursuant to the financing, we sold units of securities that consisted of an aggregate of 3,066,665 shares of common stock and warrants exercisable into 3,066,665 shares of common stock for a total purchase price of $920,000 or $0.30/unit. These shares were issued in reliance on the exemption under Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D.
Item 5.01 Changes in Control of Registrants
As more fully described in Item 2.01, on December 7, 2009, pursuant to the terms of the Share Exchange Agreement, the shareholders of Car Charging acquired a total of (i) 50,000,000 shares of our issued and outstanding common stock and
(ii) 10,000,000 newly-issued shares of our issued and outstanding Series A Preferred Stock. Further, the resigning officer of the Company agreed to cancel 277,200,000 shares of common stock. As such, immediately following the Share Exchange Agreement, the shareholders of Car Charging, Inc. held approximately 66.8% of the voting power of our outstanding common stock and 100% of the voting power of our outstanding Series A Preferred Stock. Reference is made to the disclosures set forth under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated by reference.
As more fully explained in Item 5.02, in connection with the Closing of the Share Exchange Agreement, Belen Flores, our former Chairman of the Board of Directors and Chief Executive Officer, resigned from these positions and all other positions held in the Company and agreed to cancel the 277,200,000 shares previously owned.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Resignation of Directors
Effective December 7, 2009, Belen Flores resigned as the chairman and the sole member of our board of directors. His resignation was not the result of any disagreements with us on any matters relating to our operations, policies and practices.
(b) Resignation of Officers
Effective December 7, 2009, Belen Flores resigned as our Chief Executive Officer and all other offices that he held. His resignation was not the result of any disagreements with us on any matters relating to our operations, policies and practices.
(c) Appointment of Directors
Effective December 7, 2009, the following persons were appointed as members of the Board of Directors:
Name Age Principal Positions With Us
Andy Kinard 44 Director
Richard Adeline 65 Director
Michael Bernstein 40 Director
The business background descriptions of the newly appointed directors are as follows:
Andy Kinard, President, Director
Mr. Kinard graduated from Auburn University in 1987. His first employer was Florida Power & Light ("FPL") where he worked for 15 years. In his early years, his focus was on engineering. During his tenure, he performed energy analysis for large commercial accounts, and ultimately became a Certified Energy Manager. Simultaneously, Mr. Kinard was assigned to FPL's electric vehicle program. FPL had their own fleet of electric vehicles that they used to promote the technology.
- 14 -
He spent several years marketing renewable energy in Florida and was a Guest Speaker at the World Energy Congress. He also served on the Board of Directors of the South Florida Manufacturing Association for 4 years.
For the last year Mr. Kinard has been selling electric vehicles in Florida. He has City, County, and State contacts throughout Florida, and has attended every car show, and green fair in the State.
Richard Adeline, Chief Financial Officer, Treasurer, Director
Since 1984, Richard has been in practice as a CPA in Florida specializing in financial planning, tax preparation and business consulting for both public and non-public companies. Richard is well versed in the reporting requirements for public companies.
Prior to forming his own practice, Richard served as an Audit Manager at Arthur Andersen and Coopers & Lybrand (PriceWaterhouseCoopers), as well as the CFO of Insurance Exchange of the Americas, Inc. He is a licensed CPA in the states of Florida and New York and is a registered Financial Advisor that holds both Life and Health Insurance licenses, as well as various FINRA certifications (Series 7, 63 and 65). Mr. Adeline is a graduate of the City University of New York (Hunter College) in 1965 with a BS in Accounting.
Michael Bernstein, General Counsel, Director
Mr. Bernstein is a graduate of New York University and Brooklyn Law School.
Since 1996, he has been practicing law and is currently admitted in the state and federal courts of Florida, New York and New Jersey. Mr. Bernstein maintains his law practice in Miami Beach, Florida in the areas of corporate and business transactions, real estate and commercial litigation. Through his law firm, Mr. Bernstein serves as independent corporate counsel for several Florida based companies who transact business nationwide. In 2008, Mr. Bernstein was appointed and has served as a member of the Community Development Advisory Board (CDAC) of the City of Miami Beach.
. . .
Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Pursuant to the Share Exchange Agreement, on December 7, 2009 we filed with the Secretary of State for the State of Nevada a Certificate of Amendment to our Certificate of Incorporation changing our name to "Car Charging Group, Inc." to better reflect our business plan. A copy of the Certificate of Amendment to Articles of Incorporation is attached hereto as Exhibit 3.1.
On December 7, 2009, we filed with the Secretary of State for the State of Nevada a Certificate of Amendment to our Certificate of Incorporation designating the rights of our Series A Convertible Preferred Stock. A copy of the Certificate of Designation for our Series A Convertible Preferred Stock is attached hereto as Exhibit 3.2.
Item 5.06 Change in Shell Company Status.
As described in Item 1.01 of this Form 8-K, on December 7, 2009, we entered into the Exchange Agreement and consummated the Share Exchange, pursuant to which we acquired all of the issued and outstanding common shares of Car Charging, Inc. in exchange for the issuance of the Company's Common Stock and Series A Convertible Preferred Stock to the shareholders of the Car Charging, Inc.
As a result of the Share Exchange, the shareholders of Car Charging, Inc. exchanged 1,000 shares of common stock of Car Charging, representing 100% of the issued and outstanding stock of Car Charging, Inc. for: (i) 50,000,000 newly issued shares of the Company's common stock, par value $0.001 per share, representing 66.8% of the Company's issued and outstanding common stock; and
(ii) 10,000,000 shares of our Series A Convertible Preferred Stock.
As the result of the consummation of the Share Exchange, we are no longer a shell company as that term is defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended.
Item 8.01 Other Events
On September 29, 2009, the Company's Board of Directors approved a 6.6-1 forward stock split (the "Forward Split") of the Company's issued and outstanding common stock with a record date of October 22, 2009. The Forward Split is only for the Company's issued and outstanding shares and not its authorized shares. The Forward Split occurred prior to the Closing of the Share Exchange so all shares listed in this Form 8-K are post-Forward Split.
- 15 -
Item 9.01 -Financial Statements and Exhibits
Exhibit Description
Number
2.1 * Share Exchange Agreement by and among New Image Concepts, Inc.
and Car Charging, Inc.
3.1 * Amendment to Certificate of Incorporation changing name to Car
Charging, Inc., increasing the number of preferred shares
authorized to 20,000,000 shares, filed with the Secretary of
State of the State of Nevada on December 7, 2009
3.2 * Certificate of Designation designating the rights of the
Series A Convertible Preferred Shares
4.1 * Subscription Agreement
4.2 * Form of Warrant
* Filed as exhibits to the Form 8-K filed with the SEC on December 11, 2009.
3-Feb-2010
Entry into a Material Definitive Agreement, Completion of Acquisition
Item 1.01 Entry Into Material Definitive Agreement
Share Exchange Agreement
As more fully described in Item 2.01 below, on December 7, 2009, we entered into a Share Exchange Agreement (the "Share Exchange Agreement") by and between New Image Concepts, Inc., a Nevada corporation (the "Company") and Car Charging, Inc., a Delaware corporation ("Car Charging"). The closing of the transaction (the "Closing") took place on December 7, 2009 (the "Closing Date").
At Closing, pursuant to the majority consent of our board of directors and shareholders, we (i) approved an amendment to our Articles of Incorporation changing our name to Car Charging Group, Inc.; and (ii) approved the authorization of 20,000,000 shares of preferred stock of the Company. Additionally, we filed a Certificate of Designation with the state of Nevada designating rights to the authorized preferred stock of the Company (the "Series A Convertible Preferred Stock"), attached hereto as Exhibit 3.2.
Pursuant to the Share Exchange Agreement, we issued 50,000,000 shares of our common stock to the shareholders of Car Charging, representing 66.8% of the Company's issued and outstanding stock and 10,000,000 Series A Convertible Preferred Stock, which is more fully discussed in Item 2.01 of this Current Report.
This transaction is more fully discussed in Item 2.01 of this Current Report. This brief discussion is qualified by reference to the provisions of the Share Exchange Agreement which is attached in full to this Current Report as Exhibit 2.1.
Financing Transaction
In connection with the closing of the Share Exchange Agreement, on December 7, 2009, we entered into a Subscription Agreement for the sale of units of securities of the Company aggregating $920,000 (the "Subscription Agreement"), attached hereto as Exhibit 4.1. Each unit of securities consist of: one (1) share of Company common stock, $0.001 par value per share (the "Common Stock"); and (ii) a Class A warrant (the "Warrant") to purchase an additional number of shares equal to 100% of the Common Stock with an exercise price of $0.60/share. The purchase price is $0.30 per unit. The Subscription Agreement and Warrant shall be referred to as the "Financing Documents."
The financing closed simultaneously with the Share Exchange Agreement and the Company issued 3,066,665 shares of common stock and warrants to the subscribers (collectively, the "Investors").
Item 2.01 Completion of Acquisition and Disposition of Assets
CLOSING OF SHARE EXCHANGE AGREEMENT
On the Closing Date, pursuant to the Share Exchange Agreement, the shareholders of Car Charging exchanged 1,000 shares of common stock of Car Charging, representing 100% of the issued and outstanding stock of Car Charging, for: (i) 50,000,000 newly issued shares of the Company's common stock, par value $0.001 per share, representing 66.8% of the Company's issued and outstanding common stock; and (ii) 10,000,000 shares of our Series A Convertible Preferred Stock.
Simultaneous to the Closing and pursuant to the majority consent of the Company's board of directors and shareholders, the Company changed its name to Car Charging Group, Inc. and approved the authorization of 20,000,000 shares of preferred stock of the Company and approved a 6.6-for-1 forward split of our common stock, which was declared effective by FINRA on October 22, 2009.
Pursuant to the terms of the Share Exchange Agreement, Belen Flores agreed to cancel 277,200,000 shares of the Company's common stock held in her name.
Additionally, simultaneous to the Closing, we closed on a financing transaction in the aggregate amount of $920,000 and issued 3,066,665 shares of common stock and warrants to be exercised into 3,066,665 shares of common stock to certain accredited investors.
As more fully described in Item 5.02 below, on the Closing Date, Belen Flores, the sole officer and director of the Company, resigned from all positions held and we simultaneously appointed executive officers and three members of the Board of Directors of the Company. The Board of Directors now consists of three members, each serving terms until a vote can take place at the next annual meeting of the Company, pursuant to the By-laws of the Company.
- 3 -
BUSINESS
General
We intend to be an owner, provider and servicer of electric car charging stations to building owners, parking garages, municipalities, sporting venues
(e.g. football and baseball stadiums, as well as basketball and hockey arenas)
and ultimately to provide the ability for the EV owner to have charging services in public areas on our network. Our Company provides and installs car charging stations at public locations at no cost to the landowner. Further, our Company is able to facilitate the purchase of a car charging station through our subsidiary, eCharging Stations, LLC. We anticipate such sales will generate continuous income for our Company. We plan on subcontracting to certain approved local vendors the actual installation work and maintenance of the charging stations.
While the electric vehicle industry is still in a developmental phase, our Company firmly believes that it is important to be at the forefront of infrastructure development of the industry. In order for electric vehicles to become a mainstream reality, charging stations need to be in place and readily available.
. . .
Item 3.02 Unregistered Sales of Equity Securities
Pursuant to the Share Exchange Agreement, on December 7, 2009, we issued 50,000,000 shares of our common stock to the shareholders of Car Charging, Inc., in exchange for the shares held by these shareholders pursuant to the Share Exchange Agreement. Such securities were not registered under the Securities Act of 1933. The issuance of these shares was exempted from registration pursuant to
Section 4(2) of the Securities Act of 1933. We made this determination based on the representations that the Car Charging Shareholders were either (a) "accredited investors" within the meaning of Rule 501 of Regulation D promulgated under the Securities Act, or (b) not a "U.S. person" as that term is defined in Rule 902(k) of Regulation S under the Act, and that the Car Charging Shareholders were acquiring our common stock, for investment purposes for their own respective accounts and not as nominees or agents and not with a view to the resale or distribution thereof, and that the Car Charging Shareholders understood that the shares of our common stock may not be sold or otherwise disposed of without registration under the Securities Act or an applicable exemption therefrom.
As referenced in Item 1.01, the Company entered into a financing transaction with certain accredited investors. Pursuant to the financing, we sold units of securities that consisted of an aggregate of 3,066,665 shares of common stock and warrants exercisable into 3,066,665 shares of common stock for a total purchase price of $920,000 or $0.30/unit. These shares were issued in reliance on the exemption under Section 4(2) of the Securities Act of 1933, as amended, and Rule 506 of Regulation D.
Item 5.01 Changes in Control of Registrants
As more fully described in Item 2.01, on December 7, 2009, pursuant to the terms of the Share Exchange Agreement, the shareholders of Car Charging acquired a total of (i) 50,000,000 shares of our issued and outstanding common stock and
(ii) 10,000,000 newly-issued shares of our issued and outstanding Series A Preferred Stock. Further, the resigning officer of the Company agreed to cancel 277,200,000 shares of common stock. As such, immediately following the Share Exchange Agreement, the shareholders of Car Charging, Inc. held approximately 66.8% of the voting power of our outstanding common stock and 100% of the voting power of our outstanding Series A Preferred Stock. Reference is made to the disclosures set forth under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated by reference.
As more fully explained in Item 5.02, in connection with the Closing of the Share Exchange Agreement, Belen Flores, our former Chairman of the Board of Directors and Chief Executive Officer, resigned from these positions and all other positions held in the Company and agreed to cancel the 277,200,000 shares previously owned.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(a) Resignation of Directors
Effective December 7, 2009, Belen Flores resigned as the chairman and the sole member of our board of directors. His resignation was not the result of any disagreements with us on any matters relating to our operations, policies and practices.
(b) Resignation of Officers
Effective December 7, 2009, Belen Flores resigned as our Chief Executive Officer and all other offices that he held. His resignation was not the result of any disagreements with us on any matters relating to our operations, policies and practices.
(c) Appointment of Directors
Effective December 7, 2009, the following persons were appointed as members of the Board of Directors:
Name Age Principal Positions With Us
Andy Kinard 44 Director
Richard Adeline 65 Director
Michael Bernstein 40 Director
The business background descriptions of the newly appointed directors are as follows:
Andy Kinard, President, Director
Mr. Kinard graduated from Auburn University in 1987. His first employer was Florida Power & Light ("FPL") where he worked for 15 years. In his early years, his focus was on engineering. During his tenure, he performed energy analysis for large commercial accounts, and ultimately became a Certified Energy Manager. Simultaneously, Mr. Kinard was assigned to FPL's electric vehicle program. FPL had their own fleet of electric vehicles that they used to promote the technology.
- 14 -
He spent several years marketing renewable energy in Florida and was a Guest Speaker at the World Energy Congress. He also served on the Board of Directors of the South Florida Manufacturing Association for 4 years.
For the last year Mr. Kinard has been selling electric vehicles in Florida. He has City, County, and State contacts throughout Florida, and has attended every car show, and green fair in the State.
Richard Adeline, Chief Financial Officer, Treasurer, Director
Since 1984, Richard has been in practice as a CPA in Florida specializing in financial planning, tax preparation and business consulting for both public and non-public companies. Richard is well versed in the reporting requirements for public companies.
Prior to forming his own practice, Richard served as an Audit Manager at Arthur Andersen and Coopers & Lybrand (PriceWaterhouseCoopers), as well as the CFO of Insurance Exchange of the Americas, Inc. He is a licensed CPA in the states of Florida and New York and is a registered Financial Advisor that holds both Life and Health Insurance licenses, as well as various FINRA certifications (Series 7, 63 and 65). Mr. Adeline is a graduate of the City University of New York (Hunter College) in 1965 with a BS in Accounting.
Michael Bernstein, General Counsel, Director
Mr. Bernstein is a graduate of New York University and Brooklyn Law School.
Since 1996, he has been practicing law and is currently admitted in the state and federal courts of Florida, New York and New Jersey. Mr. Bernstein maintains his law practice in Miami Beach, Florida in the areas of corporate and business transactions, real estate and commercial litigation. Through his law firm, Mr. Bernstein serves as independent corporate counsel for several Florida based companies who transact business nationwide. In 2008, Mr. Bernstein was appointed and has served as a member of the Community Development Advisory Board (CDAC) of the City of Miami Beach.
. . .
Item 5.03Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Pursuant to the Share Exchange Agreement, on December 7, 2009 we filed with the Secretary of State for the State of Nevada a Certificate of Amendment to our Certificate of Incorporation changing our name to "Car Charging Group, Inc." to better reflect our business plan. A copy of the Certificate of Amendment to Articles of Incorporation is attached hereto as Exhibit 3.1.
On December 7, 2009, we filed with the Secretary of State for the State of Nevada a Certificate of Amendment to our Certificate of Incorporation designating the rights of our Series A Convertible Preferred Stock. A copy of the Certificate of Designation for our Series A Convertible Preferred Stock is attached hereto as Exhibit 3.2.
Item 5.06 Change in Shell Company Status.
As described in Item 1.01 of this Form 8-K, on December 7, 2009, we entered into the Exchange Agreement and consummated the Share Exchange, pursuant to which we acquired all of the issued and outstanding common shares of Car Charging, Inc. in exchange for the issuance of the Company's Common Stock and Series A Convertible Preferred Stock to the shareholders of the Car Charging, Inc.
As a result of the Share Exchange, the shareholders of Car Charging, Inc. exchanged 1,000 shares of common stock of Car Charging, representing 100% of the issued and outstanding stock of Car Charging, Inc. for: (i) 50,000,000 newly issued shares of the Company's common stock, par value $0.001 per share, representing 66.8% of the Company's issued and outstanding common stock; and
(ii) 10,000,000 shares of our Series A Convertible Preferred Stock.
As the result of the consummation of the Share Exchange, we are no longer a shell company as that term is defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended.
Item 8.01 Other Events
On September 29, 2009, the Company's Board of Directors approved a 6.6-1 forward stock split (the "Forward Split") of the Company's issued and outstanding common stock with a record date of October 22, 2009. The Forward Split is only for the Company's issued and outstanding shares and not its authorized shares. The Forward Split occurred prior to the Closing of the Share Exchange so all shares listed in this Form 8-K are post-Forward Split.
- 15 -
Item 9.01 -Financial Statements and Exhibits
Exhibit Description
Number
2.1 * Share Exchange Agreement by and among New Image Concepts, Inc.
and Car Charging, Inc.
3.1 * Amendment to Certificate of Incorporation changing name to Car
Charging, Inc., increasing the number of preferred shares
authorized to 20,000,000 shares, filed with the Secretary of
State of the State of Nevada on December 7, 2009
3.2 * Certificate of Designation designating the rights of the
Series A Convertible Preferred Shares
4.1 * Subscription Agreement
4.2 * Form of Warrant
* Filed as exhibits to the Form 8-K filed with the SEC on December 11, 2009.
Subscribe to:
Comments (Atom)