- Mercedes-Benz Vans customers can now benefit
from simple, ‘one-stop shop’ access to EO’s electric vehicle
charging expertise, charging hardware and charge point management
software
- New partnership supports Mercedes-Benz Vans’
ambition of locally emission-free mobility
- Mercedes-Benz Vans EV customers include
Amazon, Hermes, Clancy, Co-op, DPD and Royal Mail
EO Charging (“EO”), a leading provider of
technology-enabled turnkey solutions for electric vehicle (“EV”)
fleets, has partnered with Mercedes-Benz Vans to provide customers
with electric vehicle chargers, charge point management software
and ongoing support & maintenance.
This press release features multimedia. View
the full release here:
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Anyone purchasing an electric van bearing the three-pointed star
can benefit from the new partnership. For retail customers whose
vehicle batteries will be charged at home, the EO charge point will
be supplied and installed free of charge. Fleets and small
businesses ordering vehicles for operation from one or more depots
can also purchase EO chargers from Mercedes-Benz and its official
UK Retail network at attractive rates.
Key to Mercedes-Benz Vans’ decision to engage in the new
partnership was the industry-leading service and maintenance
package that EO provides to customers through the installation and
life of the charger. EO recently executed a program covering
several thousand AC chargers at more than 50 sites across six
countries for one of its clients. As part of the charging program,
EO resolved any Europe-wide on-site or remote issue in an average
time of under three hours.
Mercedes-Benz Vans UK will be delivering 168 eSprinters to the
British business unit of parcel service provider Hermes, while
other fleet operators now running its electric models include the
likes of Amazon, Clancy, Co-op, DPD and Royal Mail. Recognising
that this new technology is still in its infancy, Mercedes-Benz
Vans Dealers are also focused on helping customers of all sizes
make the leap to electric.
Charlie Jardine, CEO and Founder of EO, commented:
“Making the switch to an electric vehicle can be daunting for
businesses and the everyday EV driver. Too often do drivers leave a
dealership without having received any education on how charging
works - we want to put a stop to this in partnership with
Mercedes-Benz Vans.
“The partnership is testament to the reliability and success
we’ve already achieved having worked indirectly with Mercedes-Benz
Vans and is another significant step on our roadmap to becoming the
global leader in charging electric car, van, truck and bus
fleets.”
The manufacturer’s strategic agreement with EO reflects its
‘Ambition 2039’ climate-neutral mobility goal and commitment to
assist operators in making the transition from diesel- to
battery-powered vehicles.
The Mercedes-Benz Vans range includes fully-electric eSprinter
and eVito variants, while the first right-hand drive eCitans are
set to arrive in the UK roads towards the end of next year. All
produce zero tailpipe emissions.
Kevin Ferris, Head of Electric Mobility, Mercedes-Benz Vans
UK, added: “We are committed to the pursuit of emission-free
mobility and sustainable vehicle production and it is crucial as we
work towards these goals that we do so with partners we trust. This
explains why Mercedes-Benz Vans UK has chosen to add EO as a
charging partner.
“Our pledge to those contemplating the switch to electric is
that we will be at their side to support them on their journeys to
a cleaner, ‘greener’ future. Given its well proven capabilities and
advanced technology, I have every confidence in EO’s ability to
assist our customers by making the transition as simple as
possible.”
As Mercedes-Benz Vans’ EV technology continues to evolve over
the years to come, EO’s experts will be available to support
established customers and new converts to the brand in adopting
more sustainable transport solutions.
EO Charging recently announced an agreement for a business
combination with First Reserve Sustainable Growth Corp. (NASDAQ:
FRSG), which is expected to result in EO Charging becoming a public
company listed on the NASDAQ exchange.
Notes to Editors
About EO
EO Charging (EO) is a leading technology solutions provider in
the EV sector. EO designs and manufactures EV charging stations and
hardware-agnostic cloud-based charge-point management software for
fleets at its headquarters in the UK. EO also provides installation
services and ongoing operations and maintenance services across its
fleet customer base.
Founded in 2014, EO’s technology is used by a number of the
world’s largest businesses and fleet operators and it now
distributes to over 35 countries around the world. It aims to
become the global leader in charging electric van, truck, bus and
car fleets.
EO was ranked number 27 on the Financial Times’ FT1000 list of
Europe’s fastest-growing companies. EO Charging previously
announced an agreement for a business combination with First
Reserve Sustainable Growth Corp. (NASDAQ: FRSG), which is expected
to result in EO Charging becoming a public company listed on the
NASDAQ exchange.
To learn more, please visit www.EOcharging.com and follow us
@EOCharging on Twitter and LinkedIn.
About Mercedes-Benz Vans UK
Mercedes-Benz has been at the forefront of commercial vehicle
innovation for over 120 years. From the world’s first motorised van
in 1896, through to the emissions-free, shape-shifting,
drone-compatible Vision URBANETIC concept vehicles of the future,
the brand constantly drives change to keep businesses and lives
moving.
Today, Mercedes-Benz Vans’ award-winning range of cargo and
people-carrying vehicles leads the field in terms of flexibility,
safety, on-board technology, reliability. In addition to
diesel-engined versions of the small Citan, versatile mid-sized
Vito, and Sprinter large van and chassis cab, the line-up includes
fully electric eVito and eSprinter variants.
Mercedes-Benz Vans is transforming from a vehicle manufacturer
to a provider of holistic transportation and mobility solutions,
and offers a portfolio of services designed to keep businesses
moving, including Mercedes-Benz Finance funding, Mercedes PRO
connect in-built telematics, and flexible, cost-effective Service
Care plans. Mercedes-Benz Vans UK’s dedicated Dealer network
operates from 110 locations and provides round-the-clock aftersales
support, including free Mobilo Van emergency roadside
assistance.
For more information about Mercedes-Benz Vans, please visit
www.mbvans.co.uk.
Forward Looking Statements
The information in this press release includes "forward-looking
statements". All statements, other than statements of present or
historical fact included in this press release, regarding the
proposed business combination between First Reserve Sustainable
Growth Corp. (“FRSG”), Juuce Limited (the “Company”) and EO
Charging (“EO”), each of such parties’ ability to consummate the
transaction, the benefits of the transaction and the combined
company's future financial performance, as well as the combined
company's strategy, future operations, estimated financial
position, estimated revenues and losses, projected costs,
prospects, plans and objectives of management are forward-looking
statements. When used in this press release, the words "could,"
"should," "will," "may," "believe," "anticipate," "intend,"
"estimate," "expect," "project," the negative of such terms and
other similar expressions are intended to identify forward-looking
statements, although not all forward-looking statements contain
such identifying words. These forward-looking statements are based
on management's current expectations and assumptions about future
events and are based on currently available information as to the
outcome and timing of future events. Except as otherwise required
by applicable law, FRSG, the Company and EO disclaim any duty to
update any forward-looking statements, all of which are expressly
qualified by the statements in this section, to reflect events or
circumstances after the date of this press release. FRSG, the
Company and EO caution you that these forward-looking statements
are subject to numerous risks and uncertainties, most of which are
difficult to predict and many of which are beyond the control of
any of FRSG, the Company or EO. In addition, FRSG, the Company and
EO caution you that the forward-looking statements contained in
this press release are subject to the following factors: (i) the
occurrence of any event, change or other circumstances that could
delay the business combination or give rise to the termination of
the Business Combination Agreement and Plan of Reorganization,
dated as of August 12, 2021, by and among FRSG, FRSG Merger Sub
Inc., EO and the Company, and the other agreements related to the
business combination (including catastrophic events, acts of
terrorism, the outbreak of war, COVID-19 and other public health
events), as well as management’s response to any of the foregoing;
(ii) the outcome of any legal proceedings that may be instituted
against FRSG, the Company, EO, their affiliates or their respective
directors and officers following announcement of the transactions;
(iii) the inability to complete the business combination due to the
failure to obtain approval of the stockholders of FRSG, regulatory
approvals, or other conditions to closing in the transaction
agreement; (iv) the risk that the proposed business combination
disrupts FRSG's or the Company's current plans and operations as a
result of the announcement of the transactions; (v) the Company's
and EO’s ability to realize the anticipated benefits of the
business combination, which may be affected by, among other things,
competition, the pace and depth of EV adoption generally, and the
ability of the Company to accurately estimate supply and demand for
its EV charging products and services, and to grow and manage
growth profitably following the business combination; (vi) risks
relating to the uncertainty of the projected financial information
with respect to the Company, including the conversion of pre-orders
into binding orders; (vii) costs related to the business
combination; (viii) changes in applicable laws or regulations,
governmental incentives and fuel and energy prices; (ix) the
possibility that the Company may be adversely affected by other
economic, business, and/or competitive factors; (x) the amount of
redemption requests by FRSG’s public stockholders; and (xi) such
other factors affecting FRSG that are detailed from time to time in
FRSG’s filings with the Securities and Exchange Commission (the
"SEC"). Should one or more of the risks or uncertainties described
in this press release, or should underlying assumptions prove
incorrect, actual results and plans could differ materially from
those expressed in any forward-looking statements. Additional
information concerning these and other factors that may impact the
operations and projections discussed herein can be found in FRSG's
final prospectus for its initial public offering, which was filed
with the SEC on March 5, 2021, and its periodic filings with the
SEC, including its Quarterly Report on Form 10-Q for quarterly
period ended June 30, 2021. FRSG's SEC filings are available
publicly on the SEC's website at www.sec.gov.
Important Information for Investors and Stockholders
In connection with the proposed business combination, a
registration statement on Form F-4 that includes a preliminary
proxy statement/prospectus has been filed by EO with the SEC. After
the registration statement is declared effective, the definitive
proxy statement will be distributed to FRSG’s stockholders in
connection with FRSG’s solicitation for proxies for the vote by
FRSG’s stockholders in connection with the proposed business
combination and other matters as described in the Form F-4, as well
as a definitive prospectus of EO relating to the offer of the
securities to be issued in connection with the completion of the
business combination. Copies of the Form F-4 may be obtained free
of charge at the SEC's website at www.sec.gov. FRSG’s stockholders
are urged to read the preliminary proxy statement/prospectus and
the other relevant materials (including, when available, the
definitive proxy statement/prospectus) when they become available
before making any voting decision with respect to the proposed
business combination because they will contain important
information about the business combination and the parties to the
business combination. The information contained on, or that may be
accessed through, the websites referenced in this press release is
not incorporated by reference into, and is not a part of, this
press release.
No Offer or Solicitation
This communication is not a proxy statement or solicitation of a
proxy, consent, or authorization with respect to any securities or
in respect of the proposed business combination and shall not
constitute an offer to sell or a solicitation of an offer to buy
the securities of FRSG, EO or Juuce, nor shall there be any sale of
any such securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of such
state or jurisdiction. No offer of securities shall be made except
by means of a prospectus meeting the requirements of Section 10 of
the Securities Act, as amended, or exemptions therefrom.
Participants in the Solicitation
FRSG, the Company and EO and their respective directors and
officers may be deemed participants in the solicitation of proxies
of FRSG's stockholders in connection with the proposed business
combination. Security holders may obtain more detailed information
regarding the names, affiliations and interests of certain of
FRSG's executive officers and directors in the solicitation by
reading FRSG's final prospectus for its initial public offering,
which was filed with the SEC on March 5, 2021, and the proxy
statement/prospectus and other relevant materials filed with the
SEC in connection with the business combination when they become
available. Information concerning the interests of FRSG's, the
Company’s and EO’s participants in the solicitation, which may, in
some cases, be different than those of their stockholders
generally, will be set forth in the proxy statement/prospectus
relating to the business combination when it becomes available.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211014005304/en/
SEC Newgate UK Ian Morris / Sophie Morello / Jessica Hodson
Walker / Tim Le Couilliard EOCharging@secnewgate.co.uk
Impact Communications: Steve Warren: 07770 470251,
steve@impactcom.co.uk John Ripley: 07771 484595,
john@impactcom.co.uk
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