#United States #EV Charging #El Segundo #Loop Global #Infinity Flash

Loop Global's Landmark Year in 2024

Loop Global, recognized for its innovative EV charging solutions, has celebrated a remarkable year in 2024, which includes strategic leadership enhancements, groundbreaking product launches, and significant growth in its global network. The company is committed to supporting the accelerating demand for electric vehicle (EV) infrastructure while continuing its mission to drive sustainable transportation practices worldwide.

Leadership Growth

In June 2024, Loop bolstered its leadership team with the appointment of Olga Shevorenkova as the Chief Executive Officer. Before joining Loop, Shevorenkova excelled for six years as the Chief Financial Officer at EVgo, combining her experience in both financial management and operational efficiency to guide Loop into its next growth phase. She emphasizes the importance of creating an effortless EV charging experience, stating, "Building a seamless EV charging experience is crucial for the widespread adoption of EVs, and Loop is poised to lead the industry in building this ecosystem."

Moreover, Esther M. Santos was brought on board in September 2024 as Vice President and Head of Sales. She will spearhead the sales and revenue operations, navigating the business towards increased profitability and customer satisfaction. Alongside Santos, Brandon Schantz joined in August as General Counsel, tasked with overseeing legal affairs and ensuring compliance with applicable laws and regulations.

Innovative Product Launch: Infinity Flash™

In May 2024, Loop introduced the Infinity Flash™, a state-of-the-art EV charging solution designed to meet the soaring demand for ultra-fast charging stations. This revolutionary 300kW station enables drivers to gain up to 100 miles of range in just five minutes, merging efficiency with cutting-edge technology. The Infinity Flash charges faster while significantly reducing power demands at locations, making it both cost-effective and resource-efficient.

The sleek and user-friendly design of Infinity Flash is complemented by a 24-inch high-definition display, enhancing user engagement and providing opportunities for promotional through advertising. Son Dang, Loop's Chief Product Officer, notes, "With the perfect balance of speed, efficiency, and cost-effectiveness, the Infinity Flash™ is set to redefine the EV charging experience."

Global Expansion

2024 witnessed a robust growth in Loop's global footprint, as the company added a staggering 2,700 new EV chargers to its network, representing over 50% year-over-year growth. This expansion elevated the total number of chargers within the Loop network to approximately 7,600. A wide array of industries has recognized Loop's potential, with high-profile customers such as AvalonBay Communities and the City of San Diego contributing to this momentum.

Loop's extensive partnerships underline its commitment to sustainable practices, as acknowledged by Noah Hager, Vice President of Asset Management at AvalonBay Communities. He remarks, "Loop's innovative and reliable EV charging solutions have made them a trusted partner in our ongoing commitment to sustainable living and emissions reductions."

Additionally, Loop firmly established its presence in Phoenix, Arizona, by opening a logistics and operations center, which aims at accelerating shipping times and improving inventory management. On the international scene, Loop expanded into the Middle East, inaugurating its headquarters in Abu Dhabi and planning to install tens of thousands of EV charging stations by 2030, marking a robust commitment to the region's clean energy transition.

"Abu Dhabi has long been at the forefront of the Middle East's clean energy transition. Our goal is to build a substantial presence in the region and support the growth of sustainable transportation solutions," stated Zack Martin, Co-Founder and President of Loop.

Conclusion

Loop Global is a prominent provider of comprehensive EV charging solutions, emphasizing innovation, reliability, and customer satisfaction. With a vivid strategy that guides clients throughout their EV charging deployment journey, Loop is evolving into a global leader in sustainable transportation. As they continue to innovate and expand their network, Loop is poised to shape the future of EV infrastructure.