Electreon, a provider of wireless and in-road wireless electric vehicle (EV) charging technology for commercial and passenger EVs, has signed a memorandum of understanding (MOU) for the sale of its wireless EV charging services to Corporate Transportation Group, an operator of limousine fleets and shuttle services in the New York and Las Vegas areas
Corporate Transportation Group currently operates a fleet of over 2,800 limousines and taxis, which it plans to transition to EVs in the near future in order to reduce emissions and operating costs.
The company chose Electreon’s wireless EV charging services in order to reduce its upfront costs, save space in the urban operating areas, avoid the visual and safety hazards of conductive charging stations, and ensure the simple and continuous operation of its electric limousine fleets. Electreon’s charging-as-a-service business model ensures the payment for the charging services will be per vehicle and includes full set up of the wireless chargers, maintenance, support and software services.
As part of the MOU, Corporate Transportation Group will also connect Electreon to its EV manufacturers to support the integration of Electreon’s vehicle systems and receivers that enable the EVs to charge wirelessly. The commercial terms of the sale of charging services will be determined in the full agreement and announced separately.
“We’re excited to work with Corporate Transportation Group and demonstrate how our wireless charging technology can scale to support large electric fleets across multiple geographies,” states Electreon CEO Oren Ezer. “Both New York and Las Vegas are priority markets for us – they are dense urban centers with leadership committed to accelerating the transition to all-electric fleets. By partnering with highly respected and global companies like Corporate Transportation Group, we can expand to new markets and continue to scale the adoption of our wireless EV charging technology across the U.S. and abroad.”
In the first phase, Corporate Transportation Group will purchase Electreon’s static charging services for its operating areas in Las Vegas, and later it will purchase and install Electreon’s semi-dynamic wireless charging stations near airports and hotels to be selected at a later date. The combination of both static and semi-dynamic wireless charging at strategic locations will allow its EV fleet to continuously charge, reducing battery size and vehicle downtime. The company will reduce costs and maintain optimal fleet operation because Electreon eliminates the need to allocate people to plug-in vehicles, or halt operations for charging. Electreon plans to simultaneously sell its charging services to Corporate Transportation Group’s electric fleet in New York.
The parties will also consider the option of installing solar panel roofing in Corporate Transportation Group’s operating areas to further lower costs and increase the environmental benefit of the system. Electreon’s receivers in the fleet vehicles will also enable them to charge dynamically in any future electric roads in the city centers.
