Car Charging Group, Inc., a leading provider of electric vehicle (EV) charging services, has recently announced its proposed acquisition of 350Green LLC, an owner and operator of EV charging stations. This acquisition would result in Car Charging becoming the largest public EV service provider in the United States, with over 1,000 EV charging service locations. It would also expand the company’s contracts with major municipalities, such as the City of Chicago, and further extend the company's access into the California market where EV adoption is quickly expanding. If 350Green agrees to the acquisition, Car Charging will have EV service contracts with a majority of mall operators throughout the country.
Both companies currently have agreements with Walgreen's, operating charging stations at stores across the country. 350Green also has a partnership for EV charging services with Simon Property Group, Inc., with interests in 339 commercial real estate properties in North America, Europe and Asia.
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