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million contract from the Bay Area Air Quality Management District (Air District) to become the Project Manager of the organization’s Electric Vehicle Supply Equipment (EVSE) Deployment Program. The Blink DC Fast Charger is capable of providing a full charge in under 30 minutes. ECOtality was awarded a $2.87-million
Net proceeds of the $10 million equity investment from ABB will be utilized by ECOtality as working capital to support the continuing requirements of the EV Project and will provide the Company with necessary funding to meet its anticipated expansion as a leader in electric vehicle (EV) charging infrastructure.
The stations are able to charge a battery to 80% capacity in under 30 minutes. By strategically placing Blink charging stations, we are collecting the data needed to build a commercial infrastructure which will untether drivers from their garages. —Jonathan Read, CEO of ECOtality.
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