CarCharging Reports 5,500 Level 2 and 117 DC Fast Chargers Installed

JUN 10 2014 BY MARK KANE 12

Mitsubishi i-MiEV Recharges at a Blink Station

Mitsubishi i-MiEV Recharges at a Blink Station

CarCharging in its recent 10-Q report stated that its total number of installed charging points reached a level of 5,500:

“As a result of our acquisitions of four competitors, we currently have approximately 5,500 level 2 charging units and 117 DC Fast Charging EV Devices installed.”

“As a result of our acquisitions and partnerships with EV manufacturers, our network has broadened its offerings and includes units from numerous manufacturers.”

This is an improvement versus the 5,200 and 105 in previous report, but still on the Blink Network map we see over 4,000 charging points in the U.S.

“Inventory increased by over 3,847% with 4,026 EV charging stations held at the end of the first quarter of 2014 versus 102 at the end of the first quarter of 2013.”

Together with public charging points, CarCharging is trying to sell residential charging stations:

“During the quarter ended March 31, 2014 we sold 47 residential charging stations whereas we sold no stations during the quarter ended March 31, 2013.”

Interesting is the part on 48 Nissan DC fast chargers, which with help of Gridscape Solutions should be included in the Blink Network.  As it turns out, by end of March, just 5 of them were installed and all should be installed by end of this month.

“The Company has installed five units as of March 31, 2014 and is required to install the remainder of the network by June 30, 2014, as extended.”

When we look at the financial situation, we see how much CarCharging earns on the charging infrastructure… well… after $24 million in net losses in 2013, now we see a net loss of “just” $3,858,917.

“Generated revenues of $255,659 from charging fees of installed EV charging stations for the first quarter of 2014 as compared to $10,576 from the first quarter of 2013, which represents an increase of 2,317%. “

CarCharging Financial Results - For the Three Months Ended March 31, 2014

CarCharging Financial Results – For the Three Months Ended March 31, 2014

Categories: Charging

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12 Comments on "CarCharging Reports 5,500 Level 2 and 117 DC Fast Chargers Installed"

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zoe-driver

We have 3200 x 22kw AC, 1050 x 11kw AC, and 161 x DC public charhers in Germany. Privately owned I guess 1000 x 22kw AC.

Spec9

Does anyone have a map or total of SAE-CCS DC fast chargers in the USA? I’m guessing the number is maybe in the teens? (Perhaps still single digits?)

There are a handful of CCS DCFC stations in California, one is installed on the Electric Ave in Portland, Oregon recently, and one in New Jersey.

Currently CCS only offered as option on Chevy Spark EV and BMW i3 as DCFC option. The Spark EV is currently only offered in a couple of ZEV states and the i3 just started deliveries in May.

Plugshare is your best bet, but there is no CCS filter currently. Searching using
[ site:www.plugshare.com/api/view combo ] will provide an approximate listing, with many locations stating “coming soon”.

Mike I

On PlugShare, click More Options at the bottom of the station type selector and SAE Combo is a choice. With that you can get a map of the whole country with only the SAE Combo chargers shown. I count the following:
4 in NorCal (2 @ BMW dealerships restricted or coming soon)
5 in SoCal
2 in Oregon (1 coming soon)
2 in Arizona
1 in Colorado
1 in Georgia
total 12 currently open to the public.

Spec9

Thanks! Not too bad .. . .

BMW & GM need to start helping install more. Go beg the DoE for some funding.

JakeY

Not to bad at this point. I think more will be installed once i3 sales get more underway.

Steve

Still not very encouraging numbers. They need a further 5 fold increase in income just to cover their compensation.

Dave R

Their compensation numbers are out of control.

$1.8M for 3 months? That’s $7.2M/year.

How much you want to bet that the majority of that is going to executive pay?

finance.yahoo.com says they have 37 employees. Looks like the CEO is getting paid $474k/year to run this company into the ground.

Good job!

Their filing says that they think they have enough cash to make it through Q1 2015. What happens then? What is their plan to make the business break even or even just show that they are on a trajectory to do that?

Jouni Valkonen

Installing public charging infrastructure would be much faster if it was financed from tax payer money and offered for free to use. Today perhaps the most expensive and definitely the most annoying feature of slow charger is the collection of fares.

If we have free slow charger network, then in practice it would mean that there could be one slow charging point in every street light pole! And this could happen very fast.

Big hurdles ahead. Revenue from L2 will likely drop pretty quickly when 150+ mile range EVs start replacing 80 mile range EVs from ~2017 onward.

DC QC chargers strategically located between cities might be viable but would be very capital intensive and unlikely to be funded by a network provider.

QC at dealers is not going to be a competitive offering.

I wonder how far ahead the majors will let Tesla run before waking up?

Anderlan

For those of us who simply use charging station networks and don’t want to bother remembering their corporate daddys’ names, because it’s complicated enough to plan a trip with 2 networks, dealers, municipalities, and small station owners:

“CarCharging” = Blink.

I’m assuming from context.

Mike I

“Car Charging” = Blink, SemaCharge, 350Green. They also operate some otherwise unbranded GE Wattstations.