GATHERSBURG, Md. — mPhase Technologies, an electric vehicle (EV) charging network developer, is adding about 1,200 EV chargers in Florida. This initial rollout is phase one of the expansion, followed by additional locations to be determined in phase two early next year.
The rollout of the mPower chargers is part of an agreement with members of the Asian American Store Owners Association (AASOA). The mPower ecosystem is an integrated set of platform technologies consisting of consumer engagement software, EV charging and 5G connectivity.
All sites will initially receive the consumer engagement portion of the ecosystem and pay a base recurring monthly fee. Following site assessments, locations with appropriate facilities will also qualify for installation of 5G and/or EV charging stations, designed to generate additional monthly recurring revenue. The mix of locations includes convenience stores, gas stations, restaurants and other businesses primarily focused on serving mobile consumers.
“Our membership has been eager to embrace the green, EV-driven future that is coming, so mPower gives us a tremendous opportunity to begin that process today,” said Vipul Patel, president of AASOA. “The flexibility of this platform was a major attraction for us. Many of our owner/operators need a solution that they can use not only at multiple locations, but also with multiple kinds of businesses under different franchisee arrangements, often with national chains. mPower gives us the ability to participate in the drive toward EV adoption, even for stores that do not have the physical layout to install EV chargers.”
“Today’s announcement represents a sign of things to come, as we work to quickly populate specific geographies with a broad mix of customers,” said Anshu Bhatnagar, CEO of mPhase. “We will start at the state level, then go regional. We expect to replicate this plan around the U.S., so the size of this Florida network represents a fast start for our ambitious growth strategy.”
mPhase, Gathersburg, Md., is an emerging EV-centric technology company focused on consumer engagement using data analytics and artificial intelligence to create a monetizable link between consumers and retailers at opportunistic times and places. The company is currently building a connected ecosystem of EV charging, 5G internet connectivity and software products.
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