Electric car charging network Ecotality finds buyer(Read article summary)
Ecotality, an electric car charging network that has long struggled financially, has found a buyer. The Car Charging Group has purchased Ecotality's Blink network of electric car charging stations for $3.3 million.
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.
Among other challenges, the Blink charging stations were rated significantly less reliablethan those provided by the ChargePoint network, according to a study by Tom Saxton of Plug-In America.
Ecotality subsequently recalled 12,000 charging stations--representing virtually its entire network--to fix manufacturing and design defects.