Summary
– Orange Charger has announced the launch of its new EV chargers and software platform for multifamily properties
– The US Department of Energy expects 80-90% of EV owners to charge their vehicles at home
– Orange Charger’s Level 2 outlets are affordable and property owners can install more chargers for the price of one standard charger
– The latest chargers optimize energy use and come with OrangeNet technology for communication between chargers
– Orange Charger has raised $6.5 million in funding, with support from Munich Re Ventures and Climactic, to provide efficient and scalable EV charging solutions
Article
Orange Charger, a company founded by former Tesla executives, has launched a new model of EV chargers and software platform designed for multifamily residential properties. The company aims to provide affordable and reliable EV charging infrastructure for the 43 million Americans living in these types of buildings. With the expected increase in EV usage in the US, Orange Charger is addressing the need for accessible charging solutions, especially for those who prefer to charge their vehicles at home overnight.
The Level 2 outlets provided by Orange Charger are priced at $750 each, making them a more cost-effective option for property owners compared to traditional chargers. This affordability allows property owners to potentially install an outlet per parking spot, ensuring residents have access to charging facilities. The company’s chargers are equipped with right-sized charging capabilities that optimize energy use at a lower amperage, allowing property owners to install multiple chargers without additional costs. Orange Charger’s mesh technology and Bluetooth connectivity enhance the user experience, making it easier for drivers to initiate and monitor charging sessions.
The deployment of around 2,000 units of Orange Charger’s EV chargers at apartment complexes across the nation highlights the demand for scalable and efficient charging infrastructure in multifamily properties. The company’s technology not only benefits drivers but also provides property owners with tools to manage and track charger usage. Additionally, Orange Charger’s charging solution has received significant funding, with a $6.5 million round led by Munich Re Ventures and Climactic, reflecting confidence in the company’s approach to addressing the EV charging needs of multifamily buildings.
According to Munich Re Ventures, access to EV charging should not be a barrier to EV adoption, especially for drivers living in multifamily buildings. Orange Charger’s charging solution is seen as a capital-efficient and infrastructure-friendly option that benefits both landlords and tenants. The company’s focus on providing affordable, reliable, and scalable charging solutions for multifamily properties has garnered praise from investors and industry experts. The funding received will further support Orange Charger’s efforts to expand its presence and reach in the EV charging market.
Orange Charger’s innovative approach to EV charging for multifamily properties is seen as a crucial step in accelerating EV adoption in the US. By addressing the unique challenges faced by residents of these buildings, the company is poised to play a significant role in making EV charging more accessible and convenient for a wider range of drivers. With a focus on affordability, efficiency, and reliability, Orange Charger is well-positioned to meet the growing demand for EV charging infrastructure in residential buildings.
In conclusion, Orange Charger’s commitment to providing cost-effective and efficient EV charging solutions for multifamily properties is a significant development in the EV charging industry. By leveraging technology and innovative business models, the company is making it easier for residents of these buildings to adopt EVs and access charging facilities. With strong investor backing and a focus on meeting the needs of both property owners and drivers, Orange Charger is poised for continued success in the evolving EV market.
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