LAZ Parking and indiGOtech Form Joint Venture for Sustainable EV Charging Solutions

LAZ Parking and indiGOtech Join Forces for Sustainable EV Charging

In a groundbreaking move towards sustainability in urban transportation, LAZ Parking and EverCharge, the flagship subsidiary of indiGOtech, have announced a new joint venture aimed at significantly expanding electric vehicle (EV) charging solutions for residents of multi-unit dwellings (MUDs) such as apartments and condominiums. This partnership is not just about charging stations; it is a call to action for a more sustainable future.

The Challenge of Multi-Unit Dwellings

Residents of multi-family buildings often face unique challenges when it comes to EV charging. Unlike single-family homeowners who can easily install dedicated charging stations, apartment dwellers depend on shared electrical systems and parking infrastructure. The complexity around electrical capacity and the high costs of utility upgrades have historically made it difficult for these residents to access reliable charging solutions.

To address these challenges, the new venture introduces LAZ Multifamily EV Charging Powered by EverCharge SmartPower™. This innovative solution harnesses EverCharge's patented SmartPower technology, allowing multiple EV chargers to share a building's available electrical power. This system can effectively increase charging capacity by allowing up to five times as many charging ports to operate on the same power source. This means more residents can charge their vehicles without the need for costly electrical upgrades.

An Expansive Charging Network

With LAZ overseeing approximately 2.1 million parking spaces across North America and EverCharge boasting a decade of expertise in EV charging technology, the partnership is set to create one of the most extensive EV charging networks in the continent. The venture aims to expand from the current 10,000 EverCharge ports to a total of 25,000 throughout North America. This creates opportunities for wider accessibility and acceptance of electric vehicles among urban residents.

EverCharge’s SmartPower management system not only enhances the convenience of EV charging but also aligns with broader shifts in energy efficiency and sustainability in urban planning. This shared power technology addresses the underlying issues of electrical capacity and minimizes the need for significant infrastructure investments.

A Broader Vision for Urban Mobility

This joint venture doesn't stop with multi-family dwellings. LAZ and indiGOtech envision a comprehensive integrated ecosystem for sustainable transportation that is interconnected, focusing on energy, intelligent vehicle infrastructure, and efficient transport orchestration. The collaboration aims to shift how urban mobility is conceived, combining real estate, energy management, and vehicle technology.

Alan Lazowski, Chairman and CEO of LAZ, stated, “Our joint venture with GO expands our charging network significantly, and we are just getting started. This partnership sets a precedent for how parking facilities can evolve alongside the adoption of electric and autonomous vehicles.”

Meanwhile, John Lin, CEO of EverCharge, highlighted the potential of MUD charging as a significant infrastructure opportunity in the shift to electric transportation. He expressed his enthusiasm for this collaboration, stating, “We’re excited to work with LAZ to bring our platform to substantially more properties and drivers.”

Future Initiatives

As urban transportation evolves to include more electric and autonomous vehicles, the partnership between LAZ and indiGOtech will explore additional solutions including specialized charging and battery-swap infrastructure for commercial fleets and ride-hailing services. The integration of scalable EV charging infrastructure will ultimately benefit communities at large, promoting greener urban living.

In conclusion, this collaboration between LAZ Parking and indiGOtech is more than just a business venture; it’s a vital step towards shaping a more sustainable and efficiently mobilized urban landscape. The implications of this partnership have the potential to significantly enhance driving access and promote the use of electric vehicles, thus contributing to the reduction of carbon footprints in our urban environments.