Atlanta-based electric vehicle (EV) charging company EnviroSpark has partnered with private investment firm Starwood Capital Group in a multi-million-dollar deal.
This partnership will bring over 400 charging stations to more than 80 multi-family home properties owned by Starwood Capital across the US.
Chargers will be delivered and installed in the next six-to-12 months, expanding EV access to over 55,000 consumers across 12 states. EnviroSpark says it is the largest deal of its kind for a single owner of multi-family properties.
"Multi-family properties are the next step for building out EV infrastructure and making the shift to electric practical for most consumers,” said EnviroSpark CEO and co-founder Aaron Luque. “There's nothing more convenient than coming home after a long day at work, plugging in, and waking up with a full tank. EnviroSpark is proud to be leading the charge in this lane."
EnviroSpark says that multi-family properties have traditionally been underserved in favour of route enablement and fleet service. The company sees "outsized benefits" by installing charging stations in multi-family properties because EV drivers can fuel up at home instead of sitting at a public location. Starwood Capital sees the partnership as a way to attract and retain residents while building an environmentally sustainable community.
