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Electric car charging network Ecotality finds buyer

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Tyrone Siu/Reuters/File

(Read caption) A sign is painted on a parking space for electric cars inside a car park in Hong Kong. The first car to use regenerative braking technology, now nearly standard on electric cars, debuted in 1967.

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The assets of the long-struggling Ecotality electric-car charging network have a buyer.

The Car Charging Group announced it has purchased Ecotality's Blink network of charging stations for $3.3 million.

The purchase includes approximately 12,450 240-volt Level 2 charging stations, 110 DC quick-charging stations, and other assets pertaining to the operation of the network.

 

Two Ecotality branches--Minit-Charger and Etec Labs--were not included in the sale. 

Minit-Charger manufactures quick-charging systems for commercial applications, and Etec Labs conducts tests for the government and OEMs. They were purchased by Access Control and Intertek, respectively.

Ecotality filed for bankruptcy last month, but it had been in trouble for some time before that.

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