FreeWire Technologies, a provider of battery-integrated EV charging stations and energy management solutions, has announced a new program that allows businesses to offer and collect payments from EV charging, while FreeWire owns and operates the equipment.

The Accelerate program will offer a zero-risk option for charging hosts. FreeWire manages upfront installation, site design and permitting, along with ongoing maintenance and electricity costs. Participating businesses receive a revenue share from charging sessions, subject to a guaranteed minimum payment, and have the option buy the charging stations after five years.

The Accelerate program gives the host business control over the chargers’ branding. FreeWire’s Boost Charger features a 24-inch screen that enables promotions and direct customer engagement at the point of charge. The Accelerate Program allows hosts to tap into data on charger usage and customer behavior.

Chevron will be one of the first customers to participate in the Accelerate program.

“The Accelerate program demonstrates our conviction in the improving economics of EV charging. We are investing our capital to promote our customers’ businesses, enabling them to market an EV offering under their brand with zero upfront costs,” said Arcady Sosinov, FreeWire founder and CCO.

Source: FreeWire Technologies