As 44 million Americans live in apartments, the need for convenient EV charging solutions for these drivers is crucial for mass EV adoption. Amperage Capital pays for construction costs to get power to parking spaces and the costs of charging equipment for assigned EV charging in apartment communities.
Shared charging already requires substantial investment from the owners and operators of apartment communities, with no line of sight to a possible return for them in the near term. Assigned charging requires much more investment and there is no cost justification for the owners and operators of these apartment communities to take that on. Such projects require long term infrastructure capital.
Amperage Capital provides apartment owners and operators with 100% of this long-term capital for construction costs, as well as a white glove service by taking responsibility for the management, design, construction, permits and implementation of the entire process.
“While billions of dollars in federal and state funding are being allocated to build out DC fast charging along America’s highway corridors, there is a significant void in funding the build out of charging infrastructure for apartment complexes, where more than one third of Americans live,” said CEO and lead analyst, Loren McDonald, EVAdoption.
“As an EV driver, being able to conveniently charge each night where you live and then wake up with a replenished battery is one of the biggest advantages of driving an EV. Amperage Capital’s no-cost and no-risk charger deployment approach for owners of multifamily properties is long overdue and critical to building out this much-needed infrastructure for tenants at apartments.”
