HOOKSETT, N.H., Oct. 21, 2021 /PRNewswire/ -- Merchants
Fleet, the nation's fastest growing fleet management
company, announced today a partnership with EVgo
(Nasdaq: EVGO), a first mover in fleet electrification and
owner and operator of the country's largest public
fast-charging network for electric vehicles (EVs) and first powered
by 100% renewable electricity. EVgo will provide
a full range of solutions including infrastructure planning,
hardware, software, O&M and infrastructure deployment
services to Merchants Fleet clients to support the
electrification of fleets nationwide.
"Charging and infrastructure is the foundation of every EV
transition plan and bringing EVgo into the Merchants
ecosystem allows our clients to take real, tangible steps
toward making their EV plans a reality," says Brendan P. Keegan, CEO of Merchants Fleet. "This
partnership gives Merchants Fleet clients access to an
expanded network of best-in-class charging solutions and
allows us to help push the needle forward on sustainability through
fleet electrification."
The new partnership is the first of its kind for EVgo, and gives
Merchants Fleet clients the ability to leverage a combination of
depot charging solutions, dedicated charging networks and EVgo's
public network comprised of over 800 fast charging and 1,200+ Level
2 locations. EVgo's locations bring the reliability of more than
98% uptime and deep coverage in urban core areas, with its
solutions backed by superior 24/7 customer support that further
reinforces convenience, safety and interoperability for EV
fleets.
EVgo provides a variety of flexible Level 2 and DCFC charging
solutions for light, medium, and heavy-duty fleets, designed to
meet their unique operational needs. EVgo's fleet solutions
include a complete solution set of hardware, design, engineering
and construction of charging facilities and fleet transition
planning and support including software, operations, networking,
and maintenance functions and capabilities supporting holistic
cost-saving and optimization for fleet operations.
"EVgo has been building a track record as the partner-of-choice
for fleet electrification. Reliable and flexible charging will be
essential to how fleets operate their business in the all-electric
future," said Cathy Zoi, CEO of EVgo. "We applaud Merchants for
their industry leadership and look forward to working together to
streamline the fleet electrification process and build a new future
for transportation."
In early 2021, Merchants launched its innovative Adopt
EV program, designed to help guide businesses through each step of
the fleet electrification process—from assessing needs to
purchasing the right vehicles, to charging options and
infrastructure support. The company has committed more than
$2B in inventory allocation toward
having 50% of its mobility fleet electric by 2025 and 50% of its
clients' fleet electric by 2030, and as part of its ESG strategy,
Merchants installed EVgo charging ports at its corporate
headquarters for employee and client use.
About Merchants Fleet
Merchants Fleet is the nation's fastest growing fleet management
company, providing flexible funding and service options for
organizations that leverage vehicles to run their operations,
serving as a single source for all vehicle needs, including
electric vehicles. From financing and charging to maintenance and
remarketing, Merchants has collaborated with dozens of OEMs,
charging, data and upfit partners to ensure every client is
connected to the service, technology platforms, and products that
will support their fleet in making the transition to EV. Merchants
Fleet is headquartered in Hooksett, New
Hampshire, and its Innovation Center is located in the
Chicago, Illinois area.
About EVgo
EVgo (Nasdaq: EVGO) is the nation's largest public fast
charging network for electric vehicles, and the first to be powered
by 100% renewable energy. With more than 800 fast charging
locations, EVgo's owned and operated charging network
serves over 68 metropolitan areas across 35 states and more than
300,000 customer accounts. Founded in 2010, EVgo leads
the way on transportation electrification, partnering with
automakers; fleet and rideshare operators; retail hosts such as
hotels, shopping centers, gas stations and parking lot operators;
and other stakeholders to deploy advanced charging technology to
expand network availability and make it easier for drivers across
the U.S. to enjoy the benefits of driving an EV. As a charging
technology first mover, EVgo works closely with business
and government leaders to accelerate the ubiquitous adoption of EVs
by providing a reliable and convenient charging experience close to
where drivers live, work and play, whether for a daily commute or a
commercial fleet.
Merchants Fleet Contact:
Matt Conroy
Mconroy@stantonprm.com
646-502-3563
EVgo Contact:
For Investors:
Ted Brooks, VP of Investor
Relations
investors@evgo.com
310-954-2943
For Media:
press@evgo.com
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SOURCE Merchants Fleet