ECOtality Partners with car2go to Launch First All-Electric Car-Sharing Program in North AmericaThursday, July 14, 2011
San Francisco, California – July 14, 2011 – ECOtality, Inc. (NASDAQ:ECTY), a leader in clean electric transportation and storage technologies, announced today a partnership with car2go N.A. LLC, a subsidiary of Daimler North America Corporation, to provide electric vehicle charging infrastructure to support the first 100-percent electric car sharing program in North America. With plans for approximately 300 smart fortwo electric drive vehicles, the program in San Diego represents the largest fleet of EVs in the United States.
ECOtality is a member of the Electric Drive Transportation Association (EDTA).
“Innovative car-sharing programs like car2go’s service are pivotal to encouraging the mainstream adoption of electric vehicles,” said Jonathan Read, CEO of ECOtality. “As we deploy approximately 1,000 Blink charging stations in the San Diego region as part of The EV Project, we are creating the robust public infrastructure necessary for car2go’s program to succeed. Together, we will show that EVs are a perfect fit for the lifestyle of San Diego drivers.”
car2go’s all-electric program will begin in San Diego in late 2011. The company provides a total of more than 40,000 members with more than 1,000 low-emission smart fortwo vehicles in four cities.
“The launch of an all electric vehicle fleet marks a new era in carsharing in North America,” said Nicholas Cole, President and CEO of car2go N. A. LLC. “San Diego is a forward-thinking city determined to meet future transportation demands of its residents. Our goal is to complement the existing transportation infrastructure by providing an emission- free carsharing service for short and spontaneous one-way trips.”
ECOtality is currently installing approximately 1,000 publicly available Blink charging stations throughout the San Diego region as part of The EV Project. Data collected by the charging stations will be analyzed to better understand how EV drivers charge their car, and help to guide future rollouts of commercial charging stations.
ECOtality is the project manager of The EV Project and will oversee the installation of approximately 14,000 commercial and residential charging stations in 18 major cities and metropolitan areas in six states and the District of Columbia. The project will provide an EV infrastructure to support the deployment of 8,300 EVs. The project is a public-private partnership, funded in part by the U.S. Department of Energy through a federal stimulus grant and made possible by the American Recovery and Reinvestment Act (ARRA). For more information about The EV Project, please visit www.theevproject.com.
About ECOtality, Inc.
ECOtality, Inc. (NASDAQ:ECTY), headquartered in San Francisco, California, is a leader in clean electric transportation and storage technologies. Through innovation, acquisitions, and strategic partnerships, ECOtality accelerates the market applicability of advanced electric technologies to replace carbon-based fuels. For more information about ECOtality, Inc., please visit www.ecotality.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.